Kellogg Company (K) - NYSE
  • 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
  • Sep. 11, 2015, 3:38 AM
    • Two large suppliers of well-known brands to Wal-Mart (NYSE:WMT) are refusing to accept new terms that the retailer is imposing, Bloomberg reports, and hope to use their size to negotiate a better deal.
    • However, many of Wal-Mart's 10,000 suppliers aren't large enough to hold such leverage and are having to put up with new storage fees and a schedule that could put back payments. The terms are designed to cut Wal-Mart's costs, so, it says, it can lower prices for shoppers.
    • Wal-Mart is the biggest customer for many packaged-goods providers, including General Mills (NYSE:GIS), Kellogg (NYSE:K) and Hanesbrands (NYSE:HBI), which generate over 20% of their sales from the retailer.
    | Sep. 11, 2015, 3:38 AM | 25 Comments
  • Sep. 1, 2015, 10:41 AM
    • Shares of Kellogg (K -0.4%) are tracking higher after a soft start amid some talk an activist investor is preparing to take a stand.
    • Options trading is elevated on the food stock after DealReporter initiated the buzz.
    | Sep. 1, 2015, 10:41 AM | 2 Comments
  • Aug. 31, 2015, 8:48 AM
    • Kellogg (NYSE:K) will argue in front of regulators this week in South Africa that a merger of Pioneer Foods and FutureLife Health Products should be blocked.
    • Tribunal hearings run today and tomorrow over the cereal deal in which Pioneer took a 50% stake in FutureLife.
    | Aug. 31, 2015, 8:48 AM
Company Description
Kellogg Co. operates as a food manufacturing company. It engages in the manufacturing, marketing and distribution of cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles and meat alternatives. The company's brands include Kellogg's, Keebler,... More
Industry: Processed & Packaged Goods
Country: United States