WK Kellogg Co Dropped from S&P TMI Index with BBB ESG MSCI Rating

WK Kellogg Co has been dropped from the S&P TMI Index. The company's S&P TMI Index rating is BBB, based on a weighted average of rankings for Global Valuation, EPS Revisions (4 months), and Visibility. The S&P TMI Index rating is intended to reflect the company's financial performance and market visibility.

In a significant development, WK Kellogg Co has been removed from the S&P TMI Index, reflecting a change in its financial performance and market visibility. The company's S&P TMI Index rating has been downgraded to BBB, based on a weighted average of rankings for Global Valuation, EPS Revisions (4 months), and Visibility WK Kellogg Co shareholders approve merger with Ferrero International^[1].

The removal from the S&P TMI Index comes amidst a series of strategic shifts for WK Kellogg Co. On September 12, 2025, the company's shareholders approved the merger with Ferrero International, S.A., with 62,488,674 votes in favor, 4,375,732 votes against, and 134,971 abstentions WK Kellogg Co shareholders approve merger with Ferrero International^[1]. The merger, which was originally signed on July 10, 2025, will see WK Kellogg Co become an indirect wholly owned subsidiary of Ferrero International. The merger is expected to close on September 26, 2025, subject to customary closing conditions WK Kellogg Co shareholders approve merger with Ferrero International^[1].

In addition to the merger approval, WK Kellogg Co has seen a series of stock rating upgrades. TD Cowen has upgraded the stock rating from Sell to Hold, with a price target of $23.00, citing the acquisition by Ferrero International WK Kellogg Co shareholders approve merger with Ferrero International^[1]. JPMorgan has also assumed coverage of WK Kellogg with a Neutral rating, raising its price target to $23.00, citing risks related to the company's margin targets amidst competition from General Mills WK Kellogg Co shareholders approve merger with Ferrero International^[1].

Stifel Financial Corp., which reported a record $532.7B in total client assets at the end of August, has maintained a Hold rating on WK Kellogg Co, keeping the price target at $23.00 Stifel client assets rise 2% in August, buoyed by recruiting, market gains^[2]. The company's strong financial performance and robust recruiting efforts have been a significant driver of its recent growth.

The removal from the S&P TMI Index and the series of stock rating upgrades reflect ongoing strategic shifts and market assessments for WK Kellogg Co. As the company prepares for its merger with Ferrero International, investors and financial professionals will closely monitor its financial performance and market visibility.