Declines offer opportunity in food shares: Barron's

NEW YORK (Reuters) - A recent drop in food company shares may offer buying opportunities for stocks such as Kellogg (K.N: Quote, Profile, Research), General Mills (GIS.N: Quote, Profile, Research), H.J. Heinz (HNZ.N: Quote, Profile, Research), Kraft Foods (KFT.N: Quote, Profile, Research) and Nestle SA (NESN.VX: Quote, Profile, Research), Barron's said in its February 11 edition.

Food stocks "have gotten too cheap," John McMillin, an analyst for the large-cap value group Lord Abbet, told Barron's.

Kellogg, which closed on Friday at $49.18 (25.27 pounds) a share, could rise to $60 (30 pounds), while General Mills, which closed at $53.84, could rise into the mid-$60s, Barron's said.

Investor Mark Boyar, who heads Mark Boyar & Co, said Heinz -- which closed at $42.14 Friday -- could top $50 in the next year and become a takeover target, Barron's added.

(Reporting by Justin Grant; Editing by Braden Reddall)