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But if its new products fail to resonate with consumers, results could falter. Erin Lash, senior director Kellogg Fair Value Estimate: $82 Morningstar Economic Moat Rating: Wide Despite Kelloggs intentions to spin off its North American cereal and plant-based alternative brands from its global snacking operations, our wide moat rating is unchanged

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The bond is also intended to deter distributors from engaging in unethical or illegal practices

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The menthol cigarette ban in May 2020 did not apply to non-cigarette tobacco products, so those who prefer this flavour may have switched to other products that were not included in the ban