While the bull market in consumer stocks has slowed a bit over the past quarter, and Kellogg's (NYSE:K) performance has trailed others like General Mills (NYSE:GIS) and Post (Nasdaq:POST),
the stock was still trading quite close to its 52-week high prior to
its second quarter report. Unfortunately for shareholders, organic
growth came in pretty weak. While the second half should be stronger
from a margin perspective, a high valuation and less impressive growth
trajectory could put these shares on ice for a couple of quarters.
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