K - Kellogg Company

NYSE - NYSE Delayed Price. Currency in USD
66.25
+0.06 (+0.09%)
At close: 4:00PM EST
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Previous Close66.19
Open66.06
Bid66.35 x 800
Ask66.37 x 1100
Day's Range66.02 - 66.56
52 Week Range51.34 - 66.87
Volume895,030
Avg. Volume1,597,742
Market Cap23B
Beta (5Y Monthly)0.53
PE Ratio (TTM)31.31
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.28 (3.44%)
Ex-Dividend Date2019-11-29
1y Target EstN/A
  • Deutsche Bank resumes coverage of 13 food brands
    Yahoo Finance Video

    Deutsche Bank resumes coverage of 13 food brands

    Deutsche Bank has resumed coverage of a number of food brands, including General Mills, Kellogg and Kraft Heinz. Yahoo Finance’s Dan Roberts, Brian Cheung, Sibile Marcellus and Heidi Chung discuss on YFi AM.

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  • InvestorPlace

    7 Stocks to Buy to Ride the Vegan Wave

    [Editor's note: "7 Stocks to Buy to Ride the Vegan Wave" was previously published in October 2019. It has since been updated to include the most relevant information available.]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. * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade 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. Beyond Meat (BYND)Source: calimedia / Shutterstock.com 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. The company 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. A fundamental capital allocation principle is to sell your stock when it is expensive and repurchase it when it's cheap. Beyond Meat's Q3 net revenues increased 250.0% year-over-year to $92.0 million, gross profit improved to $32.8 Million or 35.6% gross margin, and net income increased to $4.1 Million or $0.06 earnings per diluted share . Tyson Foods (TSN)Source: Daniel J. Macy / Shutterstock.com 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. * The 10 Worst Dividend Stocks of the Decade 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".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: DenisMArt / Shutterstock.com 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. 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. * 7 Energy Stocks That Are Still Worth Buying In 2020 "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. 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." * 7 Hot Stocks for 2020's Big Trends 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 was 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.

  • Deutsche Bank resumes coverage of 13 food companies
    Yahoo Finance

    Deutsche Bank resumes coverage of 13 food companies

    Deutsche Bank sees opportunity for food companies in 2020. The firm announced Dec. 11 that it would be resuming coverage across 13 large-cap food companies. 

  • Target CEO thinks this new food brand will be its biggest brand ever
    Yahoo Finance

    Target CEO thinks this new food brand will be its biggest brand ever

    Target is all in on this new private label food brand.

  • Are Investors Undervaluing Kellogg Company (NYSE:K) By 34%?
    Simply Wall St.

    Are Investors Undervaluing Kellogg Company (NYSE:K) By 34%?

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Kellogg Company...

  • Target is the Yahoo Finance 2019 Company of the Year
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  • Hedge Funds Turning Bearish On Kellogg Company (K)
    Insider Monkey

    Hedge Funds Turning Bearish On Kellogg Company (K)

    Is Kellogg Company (NYSE:K) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 payment structure, hedge funds have more incentives and resources than the average investor. The funds have […]

  • Beyond Meat Strikes Costco Deal: Should Investors Buy BYND Stock?
    Zacks

    Beyond Meat Strikes Costco Deal: Should Investors Buy BYND Stock?

    Beyond Meat (BYND) announced Thursday that its plant-based burger patties would appear in select Costco (COST) stores.

  • Why Is Kellogg (K) Up 2.7% Since Last Earnings Report?
    Zacks

    Why Is Kellogg (K) Up 2.7% Since Last Earnings Report?

    Kellogg (K) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Benzinga

    Pretzel Pop-Tarts Are Almost Here

    Pretzel Pop-Tarts are not only a real thing, but Kellogg Company's (NYSE: K ) newest product will hit the grocery store shelves in January. Kellogg's new Pop Tart consists of a pretzel flavor crust with ...

  • The Zacks Analyst Blog Highlights: Beyond Meat, Conagra Brands, Tyson Foods and Kellogg
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    The Zacks Analyst Blog Highlights: Beyond Meat, Conagra Brands, Tyson Foods and Kellogg

    The Zacks Analyst Blog Highlights: Beyond Meat, Conagra Brands, Tyson Foods and Kellogg

  • TreeHouse Foods (THS) Down on Lower Sales & Rising Expenses
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    TreeHouse Foods (THS) Down on Lower Sales & Rising Expenses

    TreeHouse Foods (THS) grapples with sluggish Baked and Meal Solutions units. SKU rationalization and currency fluctuations continue to hurt sales.

  • Meatless Meat Going Mainstream: 4 Stocks Worth Tracking
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    Meatless Meat Going Mainstream: 4 Stocks Worth Tracking

    The imitation meat segment is now designed to target broader audiences, both vegetarians and non-vegetarians, contrary to earlier times when only vegetarians were targeted.

  • Kellogg (K) Up More Than 15% in 6 Months, Organic Sales Aid
    Zacks

    Kellogg (K) Up More Than 15% in 6 Months, Organic Sales Aid

    Kellogg (K) gains momentum on the back of organic growth and buyouts. Further, the company is on track with portfolio-restructuring efforts.

  • Beyond Meat and Impossible Foods have a new foe in the plant-based burger wars: the Ultimate Burger
    Yahoo Finance

    Beyond Meat and Impossible Foods have a new foe in the plant-based burger wars: the Ultimate Burger

    Yahoo Finance gives Conagra Brands' new plant-based Ultimate Burger a try. Here's our takeaway.

  • Thomson Reuters StreetEvents

    Edited Transcript of K earnings conference call or presentation 29-Oct-19 1:30pm GMT

    Q3 2019 Kellogg Co Earnings Call

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  • Beyond Meat is the plant-based meat leader now, but margins are at risk: UBS
    MarketWatch

    Beyond Meat is the plant-based meat leader now, but margins are at risk: UBS

    Beyond Meat Inc. is a leader in the rapidly growing plant-based meat space, but UBS analysts are concerns about margins, which could be at risk due to competition. UBS initiated Beyond Meat (BYND)  at neutral with an $85 price target. The Invesco Dynamic Food & Beverage ETF (PBJ)  is down 4.7% for the past three months, and the S&P 500 index (SPX)  is up 5.1% for the period.

  • Vice Chairman of Corporate Development & Chief Legal Officer Gary Pilnick Just Sold A Bunch Of Shares In Kellogg Company (NYSE:K)
    Simply Wall St.

    Vice Chairman of Corporate Development & Chief Legal Officer Gary Pilnick Just Sold A Bunch Of Shares In Kellogg Company (NYSE:K)

    Some Kellogg Company (NYSE:K) shareholders may be a little concerned to see that the Vice Chairman of Corporate...

  • Should We Worry About Kellogg Company's (NYSE:K) P/E Ratio?
    Simply Wall St.

    Should We Worry About Kellogg Company's (NYSE:K) P/E Ratio?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • Kellogg Earnings Beat Lifts Packaged Food Stocks
    Investopedia

    Kellogg Earnings Beat Lifts Packaged Food Stocks

    Buying returned to packed food stocks after Kellogg's strong earnings. Trade the cereal maker and two of its rivals using these tactical ideas.

  • GuruFocus.com

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  • Why Kellogg Beat Earnings Estimates for Q3
    Market Realist

    Why Kellogg Beat Earnings Estimates for Q3

    Kellogg (K) posted stronger-than-expected third-quarter earnings today. Here's how Kellogg's favorable pricing and mix supported Q3 earnings.