Kellogg Company
 (K)

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  • Fri, Jan. 29, 1:41 PM
    • Susquehanna notes that a strong U.S. dollar is likely to force 2016 EPS estimates lower on major global food and beverage names.
    • The blended drop vs. the U.S. dollar of the Euro, Canadian Dollar, UK Pound, Mexican Peso, and Brazilian Real is -10%, analyst Pablo Zuniac. Other firms are likely to have factored in a less disruptive F/X market with their 2016 estimates.
    • Companies in harm's way include KO, MDLZ, BUD, TAP, GMCR, WWAV, CCE, KHC, and K.
    • Related ETF: PBJ.
    | Fri, Jan. 29, 1:41 PM
  • Fri, Jan. 8, 8:14 AM
    • Shares of Kellogg (NYSE:K) are on watch after CLSA upgrades the food stock to Outperform all the way from Underperform.
    • The investment firm takes the tack that Kellogg can grow margins in cereal due to recent innovation.
    • Kellogg has been a steady investment over the last year, up 7.5% with a +2.5% dividend yield to top it off. SA contributor Horizon Investments thinks Kellogg's dividend will move higher in 2016.
    | Fri, Jan. 8, 8:14 AM
  • Dec. 8, 2015, 4:37 PM
    • Credit Suisse updated its list of favorite consumer discretionary stocks after factoring in consumer spending trends.
    • Apparel & Footwear: Acquisitions and a mix shift toward premium products could help lift shares of Hanesbrands (NYSE:HBI), according to the investment firm.
    • Autos & Auto Parts: Magna International (NYSE:MGA) is well-positioned due the trend toward "vehicle globalization."
    • Gaming & Lodging: Six Flags (NYSE:SIX) has an attractive dividend yield and could see pricing gains.
    • Homebuilding & Building Products: Caesarstone (NASDAQ:CSTE) is poised to see  “significant" revenue and EBITDA growth over the next several years.
    • Media, Cable & Satellite: Time Warner (NYSE:TWX) is called a value pick as the underlying business looks under-appreciated if the valuation of HBO is stripped away.
    • Packaged Food: The risk-reward profile on Kellogg Company (NYSE:K) sets it apart from peers.
    • Retail, Broadlines & Department Stores: Consistency continues to reign supreme at Costco (NASDAQ:COST).
    • Retail, Food & Drug: Comp sales are improving at Dollar General (NYSE:DG). An aggressive share repurchase strategy also provides investors a backstop.
    • Retail, Hardlines: Home Depot Inc (NYSE:HD) is tapped to outperform with the right management team in the right business.
    • Restaurants: Perhaps the biggest surprise of the bunch, McDonald's (NYSE:MCD)  is given the nod by CS. Same-store sales improvement is expected.
    | Dec. 8, 2015, 4:37 PM | 9 Comments
  • Nov. 23, 2015, 9:12 AM
    • Credit Suisse upgrades Kellogg (NYSE:K) to an Outperform rating from Neutral.
    • The investment firm assigns a $76 price target to the food stock. The average price target on Kellogg from Wall Street firms is $72.80.
    • K +1.1% premarket to $66.98.
    | Nov. 23, 2015, 9:12 AM | 2 Comments
  • Nov. 19, 2015, 10:23 AM
    • Kellogg (K +0.9%) announces it will unleash 40 new products in the U.S. in the early part of 2016.
    • 16 of the new products are fresh twists on cereal, including several in the on-the-go category.
    • The Pringles, Cheez-It, and Keebler Elves brands are also in line for new offerings.
    • Kellogg is up a modest 2.3% YTD and trades in the upper half of its 52-week range. The consensus analyst price target of $72.80 implies 9.8% upside potential.
    | Nov. 19, 2015, 10:23 AM
  • Nov. 3, 2015, 9:07 AM
    • Kellogg (NYSE:K) trades lower after falling short with Q3 revenue.
    • Comparable sales were off 8.8% during the quarter, although the mark looks much better on a currency-neutral basis at +1.0%.
    • Revenue at Kellogg North America fell 2.7% to $2.3B, while sales for the company's international business was down 13%. Demand for cereal and snacks in key regions was mixed.
    • Kellogg backed previous guidance for currency-neutral sales growth of between 1% and 3%.
    • Previously: Kellogg beats by $0.01, misses on revenue (Nov. 03 2015)
    • -3.24% premarket to $68.30.
    | Nov. 3, 2015, 9:07 AM
  • Nov. 3, 2015, 8:03 AM
    • Kellogg (NYSE:K): Q3 EPS of $0.85 beats by $0.01.
    • Revenue of $3.32B (-8.8% Y/Y) misses by $100M.
    | Nov. 3, 2015, 8:03 AM
  • Nov. 2, 2015, 5:30 PM
    | Nov. 2, 2015, 5:30 PM | 7 Comments
  • Oct. 30, 2015, 3:23 PM
    | Oct. 30, 2015, 3:23 PM | 1 Comment
  • Oct. 28, 2015, 9:10 AM
    | Oct. 28, 2015, 9:10 AM | 5 Comments
  • Oct. 23, 2015, 12:35 PM
    • Kellogg (NYSE:K) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.79%
    • Payable Dec. 15; for shareholders of record Dec. 1; ex-div Nov. 27.
    | Oct. 23, 2015, 12:35 PM
  • Oct. 23, 2015, 9:58 AM
    • M&A talk in the food sector could set off a chain reaction, according to analysts.
    • Kellogg's (K +0.2%) interest in Diamond Foods (DMND +6.6%) and a play by Treehouse Foods (THS +3.1%) for Ralcorp are in advanced stages, but other companies which could be drawn into talks include Boulder Brands (BDBD +0.5%), Amplify Snack Brands (BETR +1.7%), Mondelez International (MDLZ -0.1%), Campbell Soup (CPB +0.1%) and Hain Celestial Group (HAIN +0.4%).
    • Private-label brands in particular may look appetizing to larger food companies.
    • Previously: Reuters: TreeHouse in talks to buy Ralcorp from ConAgra (Oct. 22 2015)
    • Previously: NY Post: Kellogg close to Diamond Foods buyout (Oct. 23 2015)
    • Related ETF: PBJ
    | Oct. 23, 2015, 9:58 AM | 6 Comments
  • Oct. 23, 2015, 8:17 AM
    • Kellogg (NYSE:K) is close to acquiring Diamond Foods (NASDAQ:DMND) for somewhere between $35 to $40 a share, sources tell New York Post.
    • Diamond Foods has been the auction block for most of the year.
    • DMND +13.49% premarket to $37.26.
    | Oct. 23, 2015, 8:17 AM
  • Sep. 28, 2015, 7:05 AM
    • Kellogg (NYSE:K) acquires Mass Food Group for ~$50M. Mass Food Company is an Egyptian cereal seller with $18M in annual sales.
    • The company says it will use its international cash to finance the deal.
    • The acquisition follows other investments by Kellogg in Egypt and West Africa earlier this year.
    | Sep. 28, 2015, 7:05 AM
  • Sep. 25, 2015, 2:04 PM
    • Packaged food stocks are ahead of broad market averages for the day. There are some consistent themes playing out in the sector which have increased interest in select names. Topping the list are M&A potential, activist investor action, and good old-fashioned fundamental valuation.
    • Gainers: Treehouse Foods (NYSE:THS) +3.1%, B&G Foods (NYSE:BGS) +2.9%, ConAgra Foods (NYSE:CAG) +2.7%, Kellogg (NYSE:K) +2.6%, General Mills (NYSE:GIS) +2.3%, Campbell Soup (NYSE:CPB) +2.3%, J.M. Smucker (NYSE:SJM) +1.6%.
    | Sep. 25, 2015, 2:04 PM | 3 Comments
  • Sep. 15, 2015, 9:41 AM
    • Kellogg (K -0.2%) announces it will spend $450M to acquire a 50% stake in African distributor Multipro.
    • The company also created a joint venture with Tolaram to develop snacks and breakfast foods to sell in West Africa. A right to acquire a stake in Tolaram Africa Foods is also now held by Kellogg in its back pocket.
    • Global cash and an increased in the issuance of commercial paper will be used to finance the investments in Kellogg's business in Africa.
    | Sep. 15, 2015, 9:41 AM
Company Description
Kellogg Co and its subsidiaries are involved in the manufacture and marketing of ready-to-eat cereal and convenience foods.