Quaker Oats is one of the largest producers of breakfast cereals and snack foods in the United States. Founded in 1877, the company has become a household name and its products can be found in grocery stores and other retail outlets around the world. Although the company has seen its share of ups and downs, it has managed to maintain a steady growth over the years. In this article, we will take a brief look at the stock price history of Quaker Oats.
Quaker Oats Stock Price in the Early Years
The Quaker Oats Company began trading its shares on the New York Stock Exchange (NYSE) in 1929. The stock price at the time of the IPO was $5.50 per share. Over the next several years, the stock price remained relatively stable, with the occasional dips and spikes. For example, the stock price reached a low of $2.25 in early 1933 and then rose to a high of $6.50 in late 1934. The stock price then fell to a low of $3.25 in 1937 before gradually climbing back up to the $5.50 mark by the end of the decade.
Quaker Oats Stock Price in the 1950s and 1960s
The 1950s and 1960s saw Quaker Oats stock price climb steadily. The stock was trading in the $7.00 to $8.00 range in the early 1950s. By the mid-1960s, the stock had reached its peak of $10.50 per share. This peak was reached in 1965 and the stock price then began to decline. By the end of the decade, the stock had dropped back down to around $7.00 per share.
Quaker Oats Stock Price in the 1970s and 1980s
The 1970s saw Quaker Oats stock price continue to decline, reaching a low of $5.00 in 1975. However, the stock then began to rebound, reaching a high of $9.00 in 1979. The 1980s saw a further increase in the stock price, reaching a high of $14.00 in 1985. This was followed by a gradual decline to $10.00 per share by the end of the decade.
Quaker Oats Stock Price in the 1990s and 2000s
The 1990s saw Quaker Oats stock price continue to fluctuate, reaching a high of $20.00 in 1997. This was followed by a gradual decline to around $10.00 per share by the end of the decade. The 2000s saw the stock price remain relatively stable, with occasional spikes and dips. The stock price reached a high of $25.00 in 2000 and a low of $12.00 in 2004. The stock price then rose steadily, reaching a peak of $35.00 in 2008.
Quaker Oats Stock Price in the 2010s and Beyond
The 2010s saw the Quaker Oats stock price continue to fluctuate, reaching a high of $45.00 in 2015. The stock then dropped back down to around $30.00 per share by the end of the decade. The stock price has continued to remain relatively stable since then, with occasional spikes and dips. As of 2021, the stock price is around $40.00 per share.
Conclusion
Quaker Oats stock price has seen its share of ups and downs over the years. However, the stock has generally seen steady growth since its IPO in 1929. The stock price has risen from a low of $2.25 per share to a high of $45.00 per share in the past 90 years. As of 2021, the stock price is around $40.00 per share.