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Kellogg Company (K)

  • Tue, Apr. 21, 3:11 PM
    • S&P Ratings revises its outlook on Kellogg (K -1%) to Negative from Stable.
    • The company's corporate credit rating stays at BBB+.
    • S&P has a cautious view on Kellogg due to the risk that slow cereal sales growth will continue to chip away at operating performance.
    • The Project K initiative from the food company could also pile on extra costs.
    | Tue, Apr. 21, 3:11 PM | Comment!
  • Mon, Apr. 13, 1:06 PM
    • Wal-Mart's (WMT) strategy to increasing pricing pressure on suppliers is likely to be felt by some consumer products giants.
    • Though larger suppliers have more leverage with Wal-Mart than smaller companies, an impact on margins could still be felt.
    • Listed below are the estimated annual revenue and percentage of total revenue derived from the Bentonville retail giant for some CPG firms.
    • Procter & Gamble (NYSE:PG): $12B to mark 14% of total revenue.
    • PepsiCo (NYSE:PEP): $8B, 12% of total revenue.
    • Kraft Foods (NASDAQ:KRFT): $4.7B, 26% of total revenue.
    • Kellogg (NYSE:K): $3.1B, 21% of total revenue.
    • Campbell Soup (NYSE:CPB): $1.6B, 19% of total revenue.
    • J.M. Smucker (NYSE:SJM): $2.35B, 30% of total revenue.
    • Clorox (NYSE:CLX): $1.5B, 26% of total revenue.
    • Hillshire Brands (NYSE:TSN): $1.1B, 27% of total revenue.
    • Keurig Green Mountain (NASDAQ:GMCR): $799M, 17% of total revenue.
    • Energizer (NYSE:ENR): $748M, 17.2% of total revenue.
    • Tootsie Roll (NYSE:TR): $129M. 23.7% of total revenue.
    • Data compiled by the Cincinnati Enquirer
    | Mon, Apr. 13, 1:06 PM | 9 Comments
  • Thu, Mar. 26, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | Thu, Mar. 26, 12:37 PM | 11 Comments
  • Mon, Mar. 9, 7:37 AM
    • Wheat prices took a sharp turn lower last week as traders weighed the large amount of global supply versus a tightening of demand in the U.S.
    • Prices have recovered a bit today in front of a Department of Agriculture report, but are expected to see more downward pressure.
    • The development should bring some relief for food companies as supplying contracts are reworked.
    • Related stocks: SJM, FLO, CAG, POST, CPB, GIS, K, PEP, BUD.
    • Related ETF: WEAT.
    • Wheat daily price wheat chart.
    | Mon, Mar. 9, 7:37 AM | 5 Comments
  • Tue, Mar. 3, 10:33 AM
    • Target (TGT -1.2%) plans to increase the focus on key grocery categories to bring in younger urban shoppers, reports the WSJ.
    • Sources say organic food, craft beer, yogurt, and coffee will all see an increase in prominence.
    • The shift could mean less shelf space for well-known brands from packaged food giants such as Kellogg (K -0.7%), Post Holdings (POST -1.7%), Campbell Soup (CPB -0.1%), and General Mills (GIS -0.5%).
    | Tue, Mar. 3, 10:33 AM | 6 Comments
  • Mon, Mar. 2, 7:54 AM
    | Mon, Mar. 2, 7:54 AM | 8 Comments
  • Fri, Feb. 20, 1:36 PM
    | Fri, Feb. 20, 1:36 PM | Comment!
  • Thu, Feb. 12, 9:21 AM
    • Kellogg (NYSE:K) is getting punished in early trading for missing Q4 earnings estimates and setting 2015 guidance below expectations.
    • Weakness in Q4 was led by the U.S. Morning Foods segment (Special K, Raisin Bran, Rice Krispies, Apple Jacks, Froot Loops) which posted a 7.7% decline in comparable sales.
    • The long-term sales target from the company might be of the most concern to investors.
    • Kellogg is now calling for revenue growth of 1% to 3% vs. a prior target of 3% to 4%.
    • Operating profit is still expected to grow at a mid-single-digit rate over the long-term.
    • K -5.16% premarket to $62.88.
    | Thu, Feb. 12, 9:21 AM | 6 Comments
  • Thu, Feb. 12, 8:39 AM
    • Kellogg (NYSE:K): Q4 EPS of $0.84 misses by $0.09.
    • Revenue of $3.32B (-5.1% Y/Y) misses by $330M.
    • Shares -4.84% PM.
    • Press Release
    | Thu, Feb. 12, 8:39 AM | 2 Comments
  • Wed, Feb. 11, 5:30 PM
  • Wed, Jan. 21, 1:00 PM
    • Dish Networks (DISH -0.2%) won a significant court battle in L.A. against Fox Broadcasting over the company's Dish Anywhere app.
    • The ruling from a federal judge applied some of the principles from the Supreme Court's look at the Aereo case.
    • The opinion from the court indicated that watching content on mobile devices and tablets through Dish Anywhere doesn't qualify as a breach of copyright law.
    • The use of Dish's PrimeTime Anytime and AutoHop features were also deemed as fair use.
    • Many programmers seemed to have anticipated the legal decision and already negotiated with Dish to disable ad-skipping for a period of time after a show airs.
    • The ruling is sure to have been noticed on Madison Avenue where the largest (and smarter?) ad spenders continue to increase digital spending over broadcast/cable TV buys.
    • Big advertisers: MCD, PG, BUD, WMT, TGT, K, GIS, TM, GM.
    • Programmers: CBS, TWX, FOXA, SNI, AMCX, VIA , VIAB, DISCA.
    | Wed, Jan. 21, 1:00 PM | 6 Comments
  • Mon, Jan. 12, 10:45 AM
    • Citigroup downgrades a number of food stocks on its view higher consumer spending in the sector may already by priced into share prices.
    • Exposure to global markets also poses a risk due to currency swings and uneven demand, say analysts.
    • The investment firm takes the rating on ConAgra (CAG -1%), Mondelez International (MDLZ -0.8%), and Kellogg (K -0.9%) to Neutral from Buy.
    • McCormick & Company (MKC -0.8%), Kraft Foods Group (KRFT), and Campbell Soup (CPB) are all moved to Sell from Neutral.
    | Mon, Jan. 12, 10:45 AM | 5 Comments
  • Mon, Jan. 12, 3:23 AM
    • After private equity firm Abraaj pulled its offer for Bisco Misr on Dec. 31, the bidding period for the Egyptian biscuitmaker ended Sunday with Kellogg (NYSE:K) as the only suitor.
    • The bidding war between the two drove up the offer price by over 20%.
    • As of yesterday, shareholders controlling 86% of the company have agreed to sell their shares to Kellogg for a total of $125M.
    | Mon, Jan. 12, 3:23 AM | Comment!
  • Dec. 31, 2014, 2:59 AM
    • The UAE's Abraaj Investment Management is pulling out of a bidding war with Kellogg (NYSE:K) for the Egypt's Bisco Misr.
    • Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.
    • Kellogg was the last to place a bid for the snack maker, offering 89.86 EGP per share - for a total purchase price of $144M.
    | Dec. 31, 2014, 2:59 AM | Comment!
  • Dec. 28, 2014, 11:01 AM
    • Egypt's financial regulator has extended the bidding period for Bisco Misr until Jan. 11, intensifying a $144M takeover battle between Kellogg (NYSE:K) and the UAE's Abraaj Investment Management.
    • Kellogg raised its bid for the Egyptian snack maker on Wednesday to 89.86 EGP per share following an earlier offer of 88.09 from Abraaj.
    • The battle has so far driven up the bid price by more than a fifth from Abraaj's opening gambit of 73.91 EGP/share.
    | Dec. 28, 2014, 11:01 AM | Comment!
  • Dec. 18, 2014, 4:35 AM
    • In the next bidding battle for Bisco Misr, Kellogg (NYSE:K) has raised its bid to 86.36 EGP per share, topping a rival offer from the UAE's Abraaj Investment Management, which increased its previous offer by 2%.
    • Previously: Bisco Misr bidding war continues (Nov. 30 2014)
    | Dec. 18, 2014, 4:35 AM | Comment!
Company Description
Kellogg Co and its subsidiaries are involved in the manufacture and marketing of ready-to-eat cereal and convenience foods.