K - Kellogg Company

NYSE - NYSE Delayed Price. Currency in USD
63.25
-0.62 (-0.97%)
At close: 4:00PM EDT

63.20 -0.05 (-0.08%)
After hours: 6:49PM EDT

Stock chart is not supported by your current browser
Previous Close63.87
Open63.89
Bid63.24 x 1800
Ask64.95 x 800
Day's Range62.66 - 64.02
52 Week Range51.34 - 74.98
Volume2,885,396
Avg. Volume2,599,409
Market Cap21.545B
Beta (3Y Monthly)0.87
PE Ratio (TTM)25.37
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.28 (3.57%)
Ex-Dividend Date2019-08-30
1y Target EstN/A
Trade prices are not sourced from all markets
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  • InvestorPlace

    7 Stocks to Buy to Ride the Vegan Wave

    [Editor's note: This article was originally published in October 2018. It has been revised to reflect current market trends.] The IPO success of Beyond Meat (NASDAQ:BYND) has me revisiting the world of plant-based foods and exploring how investors can take advantage of the move to meatless alternatives. Today, the global plant-based meat market is estimated to be $12.1 billion. It's expected to grow to $27.9 billion by 2025, a compound annual growth rate of 15%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile many companies have focused on vegetarian and vegan markets in the past, it's clear that most food companies are now going after the "flexitarian" consumer: the person who still eats meat, but is opting for meatless alternatives regularly. Today, 32% of Americans identify themselves as flexitarian.As a result of this change in consumer tastes, companies have invested a total of $16 billion in plant-based meat, egg and dairy products. The "vegan wave" is now the flexitarian wave. * 10 Internet Stocks Getting Hammered Regardless of what you want to call it, these seven companies are taking advantage of the move to meatless alternatives. And some of these stocks to buy might even make you a lot of money in the long run. Vegan Stocks to Buy: Beyond Meat (BYND)Source: Shutterstock By now, the Beyond Meat story is known by most investors, so I'll keep the IPO details to a minimum.The California plant-based food company went public on May 1 at $25 a share, selling 9.6 million of its stock for net proceeds of $219 million, not including the underwriters' over-allotment. The company's shareholders didn't sell any of their shares in the IPO. However, on Aug. 2, it did file a final prospectus that will see Beyond Meat sell 250,000 shares to the public along with some of its pre-IPO shareholders, selling 3 million shares of BYND stock.As I write this, BYND stock is trading at $164, 556% higher than its IPO price, but 32% lower than its 52-week high of $239.71, which it hit in late June. IPO investors and pre-IPO investors are sitting on nice unrealized gains at the moment. The company has wisely waived the 180-day lock-up period for its main investors so that they can cash out a portion of their shares while they're up almost six-fold. It will also use the $56.5 million it raises from the sale of 250,000 shares to increase its production capacity to meet demand. A fundamental capital allocation principle is to sell your stock when it is expensive and repurchase it when it's cheap. While Beyond Meat's Q2 2019 net loss was $9.4 million, it did generate an operating profit of $2.2 million in the second quarter, a considerable improvement from the $7.3 million loss a year ago. Oh, and it's hard to forget revenues increased by 267% in the quarter to $67.3 million. As someone who buys their burgers quite frequently, it's not hard to see why. Tyson Foods (TSN)Source: Shutterstock A lot has happened since I last wrote about Tyson Foods (NYSE:TSN) and its foray into meatless alternatives. Some of it good, some of it bad. In 2016, Tyson made a 5% investment in Beyond Meat, the company behind the burger that has taken Canada and the U.S. by storm. It upped its stake at the end of 2017 as part of a $55 million investment round by the California-based company."We got attacked when we signed a deal with Tyson. People said I personally have blood on my hands," said Beyond Meat CEO Ethan Brown at the time. "Tyson took a big risk, too. I mean Hayes didn't get any love letters when he backed us. But I'd much rather try to get things done than throw stones, and the people at Tyson know how to move the needle."Unfortunately, for Tyson shareholders, the company didn't make it to the ball, selling its shares in April for an undisclosed amount, after Tyson CEO Noel White decided the company would create its own plant-based protein line. Tyson's brand is called Raised & Rooted. It will compete with Beyond Meat. However, while its chicken nugget product will be meatless, its burger will contain Angus beef as well as pea protein isolate. According to TSN's chief marketing officer, "While most Americans still choose meat as their primary source of protein, interest in plant and blended proteins is growing significantly". * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% The fact is, 70% of the people who eat Beyond Meat burgers are meat-eaters. Sustainable foods are the wave of the future. Kellogg (K)Source: Shutterstock When most people think of Kellogg (NYSE:K), the first thing that likely comes to mind is cereal: Special K, Frosted Flakes, Mini-Wheats, etc. However, it has owned a vegetarian food brand called MorningStar Farms since acquiring the business in 1999. The company sells over 90 million pounds of faux meat (burgers, chicken, sausage, etc.) every year, with a third from fake burgers and the remaining two-thirds from its other products. Estimates suggest that MorningStar generates $450 million in annual revenue, about double the amount Beyond Meat sells in a year. Beyond Meat is valued at 64 times sales. If MorningStar Farms were given the same valuation, it would be worth $29 billion to Kellogg, about 50% more than the company's current market cap. It is clear that Kellogg is aware of MorningStar Farm's potential"When we [Kellogg] have spoken to people, we've seen that the desire to eat plant-based alternatives has increased in the last four years by 45%, and 53% of the Canadians we speak to are already eating meat alternatives," Kellogg Canada's VP of Marketing Christine Jakovcic recently stated. The big question is whether its management is smart enough to take advantage of the popularity of meatless products. Amazon (AMZN)Source: Shutterstock It has been a whirlwind 23 months since Amazon (NASDAQ:AMZN) stunned the world buying Whole Foods for $13.7 billion.Prognosticators of all types came out of the woodwork predicting the many changes Jeff Bezos would implement at the healthy foods grocery-store chain.One of the more sensible changes is expanding Whole Foods' delivery network. Whole Foods now provides two-hour delivery in 90 cities across the U.S.Not surprisingly, the predicted drop in prices at Whole Foods, has yet to materialize."While deeper promotional pricing on key items, incremental savings … and increased convenience for Prime Members in the first year under Amazon ownership have caught our eye as consumers, the reality is that Whole Foods pricing on a broad basket has remained largely unchanged," stated a report from Gordon Haskett Research Advisors.According to the report, $400 spent on a basket of food at Whole Foods in October 2017, now costs $398.50, producing a whopping $1.50 in savings. * 7 SPDR ETFs and What They Tell Us About the Market If you're an Amazon investor, this is excellent news because the money to pay for a $15 minimum wage has to come from somewhere. Con Agra (CAG)Source: Shutterstock In my previous article about the move to plant-based foods, I discussed Hain Celestial (NASDAQ:HAIN), one of the earliest adopters of meatless and vegan alternatives. One of its companies is Yves Veggie Cuisine, founded by Canadian food entrepreneur Yves Potvin in 1985. Potvin used $5,000 of his own money, $10,000 from family and $25,000 in small-business loans to get it up-and-running. Potvin sold Yves to Hain in 2001.Potvin's next move was to create Gardein in 2003, a maker of meatless alternatives, including veggie burgers and chicken sliders, the founder's favorite Gardein product. Potvin sold Gardein in 2014 to Pinnacle Foods, now a subsidiary of ConAgra Brands (NYSE:CAG), for $154 million. ConAgra likely acquired Pinnacle Foods, in part, to take advantage of the flexitarian movement."That means the opportunity here could be in the range of $30 billion just in the U.S.," CEO Sean Connolly said recently. "And you know, there's even more opportunity internationally."If you are a CAG shareholder, Gardein is a big reason to hang on to your stock. Restaurant Brands International (QSR)Source: Shutterstock While most investors in the U.S. are familiar with Restaurant Brands International (NYSE:QSR) because of its Burger King restaurants, up here in Canada, where I live, Tim Hortons is an iconic name that RBI is trying to grow with Canadians and coffee lovers in other parts of the world, including the U.S.To compete with other fast-casual names, Tim Hortons has introduced and continues to test plant-based alternatives. In the past month, Tim Hortons has launched a Beyond Meat burger in Canada, Beyond Meat vegetarian sausage patties, and is experimenting with plant-based eggs. Early indications suggest the plant-based eggs, which are made by San Francisco food company Just, are getting rave reviews. According to a Just spokesperson, "Canada is one of the most requested markets for JUST and we're excited to be able to offer our product at select Tim Hortons locations for this market test." * 10 Internet Stocks Getting Hammered I haven't been a fan of QSR stock -- it has a lot of debt -- but if it continues to innovate in this growing area of the restaurant and food industries, I might just have to change my tune. Impossible FoodsSource: Shutterstock In the previous slide, I discussed some of the initiatives Restaurant Brands International were doing for its Tim Hortons brand in Canada. I mentioned that the company also owns Burger King. Well, Burger King announced Aug. 1 that it is testing the Impossible Whopper, a plant-based version of its top-selling burger, for one month across all 7,200 stores in the U.S.Impossible Foods make the Impossible Whopper, the same people behind the plant-based burger that's available at all Wahlburger locations across the U.S. Burger King first tested the Impossible Whopper in 59 stores in the St. Louis area. The stores that sold this burger saw foot traffic increase by a whopping 18.5%. However, because the burger contains soy leghemoglobin, it isn't considered to be vegan.In May, Impossible Foods raised $300 million to bring its total funds raised to $750 million since its inception in 2011. Although the company is expected to go public at some point in 2020, it's not in a rush to do an IPO. Like Beyond Meat, it has a who's who list of investors, including Serena Williams, Bill Gates, Jay-Z and many others. The latest fundraise valued Impossible Foods at $2 billion. At the time of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 7 Stocks to Buy to Ride the Vegan Wave appeared first on InvestorPlace.

  • Where’s the Beef? Why the Brits Are Going Meatless, and Kellogg Can’t Wait
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  • Tyson Stock Jumps 5% on Back of Solid Earnings
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  • Thomson Reuters StreetEvents

    Edited Transcript of K earnings conference call or presentation 1-Aug-19 1:30pm GMT

    Q2 2019 Kellogg Co Earnings Call

  • The Earnings Picture is Good Enough
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    The Earnings Picture is Good Enough

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  • Stock Market News for Aug 02, 2019
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  • Kellogg Beat Q2 Estimates Due to Higher Pricing
    Market Realist

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    On Tuesday, Kellogg announced stronger-than-expected second-quarter results. The company’s net sales and EPS beat analysts’ expectations.

  • Kellogg Co (K) Q2 2019 Earnings Call Transcript
    Motley Fool

    Kellogg Co (K) Q2 2019 Earnings Call Transcript

    K earnings call for the period ending June 30, 2019.

  • Kellogg (K) Q2 Earnings Beat Estimates, Sales Improve Y/Y
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  • What's Driving Kellogg Stock Higher Thursday?
    Motley Fool

    What's Driving Kellogg Stock Higher Thursday?

    Though it missed bottom-line estimates for the second quarter, the company's net sales growth has investors optimistic about its future.

  • MarketWatch

    Kellogg's stock soars toward biggest gain in 19 years after earnings beat

    Shares of Kellogg Co. soared 9.7% toward the its biggest one-day gain in 19 years, after the consumer branded food maker reported second-quarter earnings that beat expectations and affirmed its full-year outlook. "We delivered another quarter of net sales growth, featuring more and better innovation, momentum on revitalized snacks brands, better price realization, and continued expansion in emerging markets," said Chief Executive Steve Cahillane. Net income fell to $286 million, or 84 cents a share, from $596 million, or $1.71 a share, in the year-ago period. Excluding non-recurring items, adjusted EPS slipped to $1.00 from $1.14, above the FactSet consensus of 92 cents. Sales grew 3.0% to $3.46 billion, above the FactSet consensus of $3.41 billion, with growth in all geographic regions. In North America, snacks sales rose 3.6% and frozen sales grew 3.1%, while cereal sales fell 4.8%. The company said it still expects 2019 sales growth of 1% to 2%. The stock, on track for the biggest one-day percentage gain since it ran up 10.9% on March 15, 2000, has now gained 12.0% year to date, while the Dow Jones Industrial Average has advanced 16.5%.

  • Companies to Watch: Pickup sales help GM, Yum! posts beat, Kellogg surges
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  • Kellogg Soars by Most in 11 Years as Results Silence Naysayers
    Bloomberg

    Kellogg Soars by Most in 11 Years as Results Silence Naysayers

    (Bloomberg) -- Kellogg Co. shares climbed by the most in more than a decade after its “solid” second-quarter results provided improved visibility and confidence in year targets, analysts said.Investments behind its key brands helped to propel organic sales growth of 2.3%, the best in years, according to Bloomberg data. In addition, North American organic sales rose 1.1%, versus a decline of 1.5% last quarter.Wells Fargo’s John Baumgartner may have summed it up best, writing in a note that while sentiment on Kellogg shares “remains sour” these results offered “little fuel for bears.” There are just five “buy” ratings on the stock, according to Bloomberg data. Twelve analysts have a “hold” opinion, and four rate shares a “sell.” Short interest on the stock is 7% of the free float, according to S3 Partners.The stock rose as much as 13% Thursday to the highest intraday level in about 9 months. It was the biggest gain since 2008. Even with today’s advance, Kellogg shares are still underperforming its large-cap packaged food peers.Here’s a round-up of analysts’ initial reaction to the release:Wells Fargo (John Baumgartner)“Hard to find the incremental hole to poke” at these results North America price/mix was “very encouraging,” and while volume pressure suggests “a work still in progress, solid organic revenue outside the U.S. is encouraging”Street estimates won’t be “coming down today”Rates market perform Morgan Stanley (Dara Mohsenian)Wall Street should react positively to a “solid” second-quarter organic sales beat and “large” operating profit beat, which provides “more visibility” on the year EPS forecast, despite the implied second-half rebound in profit Rates equal-weightStifel (Christopher Growe)Stronger 2Q 2019 performance “only increases confidence in its ability to achieve its full year outlook,” particularly as its North America business improves, helped by cost savings and the “on-the-go” innovation benefit to salesRates hold; believes investors will continue to focus on the pace of improvement in underlying sales growth and the company’s ability to achieve its back half of 2019 outlook and the profit margin improvementConsumer Edge Research (Jonathan Feeney)2Q EPS beats on “solid price-driven organic sales growth”While K is “taking the right steps for the long-term, they are coming at a higher than expected cost & risk”Recently increased spot grain prices (up ~20%) foretell an 2H cost headwind to offset recent energy & freight tailwindsRates underweightTo contact the reporter on this story: Janet Freund in New York at jfreund11@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Barrons.com

    Kellogg Stock Takes Off With Another Strong Profit Report

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  • Kellogg results beat forecasts on North America demand, shares surge
    Reuters

    Kellogg results beat forecasts on North America demand, shares surge

    Battle Creek, Michigan-based Kellogg, which makes Pringles, Pop-Tarts, Eggo Waffles and a wide range of breakfast cereals including Corn Flakes, has been spending more on advertising and developing new products to suit changing consumer preferences for healthier food and smaller portions. Net sales from North America, which accounts for nearly two-thirds of Kellogg's revenue, rose 1% in the second quarter ended June 29.

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