|Bid||70.69 x 1100|
|Ask||70.74 x 800|
|Day's Range||69.69 - 70.79|
|52 Week Range||51.34 - 71.05|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||33.40|
|Earnings Date||Feb 05, 2020|
|Forward Dividend & Yield||2.28 (3.25%)|
|Ex-Dividend Date||Nov 27, 2019|
|1y Target Est||67.89|
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.
The Martin Luther King Jr. Center for Nonviolent Social Change (The King Center) recently awarded Kellogg Company with the prestigious Salute to Greatness Award.
Yahoo Finance speaks exclusively with Wingstop CEO Charlie Morrison fresh off the company's first-ever investor day.
Pop-Tarts, the iconic brand known for creating ingenious flavor combinations, revealed to fans a 'first taste' of their Big Game commercial featuring TV personality and life-long Pop-Tarts super fan, Jonathan Van Ness. The ad will introduce the massive game day audience to their latest snackable innovation: Pop-Tarts Pretzel. Combining sweet and salty in every bite, Pop-Tarts Pretzel is the perfect snack to enjoy any time of day.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
In wake of rising demand for meatless alternative, Kroger (KR) ventures into plant based fresh meat under the name Simple Truth Emerge.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Coupled with other similar moves in the international market, Kellogg boosted the growth profile of its portfolio by 130 basis points. Meanwhile, Moskow said Kellogg's gross margins and operating margins have "plummeted" over the past few years and are sitting well below its peers, but a deep-dive analysis of Kellogg's brands, categories and peers, shows plenty of opportunity for improvement.
Kellogg Company (NYSE: K) plans to issue its 2019 fourth quarter financial results at approximately 8:00 am EST on Thursday, February 6, 2020.
At the same time, BofA dropped its bullish case for Hershey Co (NYSE: HSY) on valuation concerns. BofA Securities analyst Bryan Spillane upgraded Kellogg from Underperform to Buy with a price target lifted from $53 to $75. Kellogg's past two years have been defined by improving sales growth but lagging profits, Spillane said in the Friday upgrade note.
Shares of Kellogg Co. surged 2.5% toward a 14-month high in morning trading Friday, enough to pace all 33 of the SPDR Consumer Staples Select Sector ETF's components that were gaining ground, after BofA Securities swung to bullish from bearish on the cereal and snacks company. Aanlyst Bryan Spillane raised his rating to buy from underperform, and boosted his stock price target by 42% to $75 from $53, citing an improved outlook for 2020 and the belief that broader investment trend of rotation into value stocks from growth and momentum will benefit the stock. "[Kellogg] has taken action to improve sales growth over the past two years while profits have lagged," Spillane wrote in a note to clients. "We expect this to improve in 2020 as disruptive actions to drive growth have been taken, leaving more room to focus on restoring profitability." Kellogg's stock, which is trading at the highes levels seen since Oct. 30, 2018, has climbed 7.4% over the past three months, while the consumer staples ETF has advanced 4.7% and the S&P 500 has gained 7.5%.
Everywhere you look, plant-based meat specialist Beyond Meat (NASDAQ:BYND) is everywhere. From inking new deals with fast-food chains to getting on Costco Wholesale's (NASDAQ:COST) shelves, the company is turning its marketing machinery to "11." Ultimately, if you're bullish on Beyond Meat stock, that's a positive because this is a marketing investment, not necessarily a food-related one.Source: Shutterstock If you analyze the alternative-meat market objectively, you'll realize that Beyond Meat isn't forwarding anything unique. However, it appears that they have.With all the hoopla surrounding the organization and its promotion of authentically tasting fake meats, I'm not surprised that BYND stock mooned the way it has. At the same time, I'm also not shocked that it cratered in October.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo believe in Beyond Meat stock, you've got to assume that the underlying company is different from every other competitor. Furthermore, you're betting that this time, the American public will finally resonate with plant-based meats. Lastly, this transition must develop at increasingly larger scales.Sure, BYND stock appears a no-brainer when you consider its groundbreaking deals, such as with Yum! Brands (NYSE:YUM) KFC, but will this popularity surge last? Looking at American culinary history, the situation doesn't look too hot. Beyond Meat Stock Not Unique by a Long ShotFrom the perspective of young Millennials, I can appreciate why many investors have jumped aboard BYND stock. For instance, American youth have pushed environmental concerns as a top priority. Beyond Meat invariably provides superior morals and greatly reduces the carbon footprint associated with the traditional meat industry. * The 8 Biggest Investing Surprises of 2019 Again, this speaks to the marketing angle of Beyond Meat stock. Essentially, management is utilizing the language that most Millennials use frequently. And with this demographic being one of the company's key targets, they're doing an excellent job.But the reality is that alternative-meat products originated well before Millennials, Generation X, Baby Boomers, or even the Silent Generation. In 1896, businessman and religious advocate John Harvey Kellogg made a peanut-based "meatless meat" called Nuttose. Not only that, Kellogg went on to "popularize cereal as an alternative to egg- and meat-heavy breakfasts."Interestingly, Kellogg was a member of a Christian denomination called the Seventh-day Adventists. In 1933, this religious group founded Loma Linda Foods. One of their claims to fame, if you will, is their soy- and wheat-based fake meats.Furthermore, a particularly popular (and reasonably priced) alternative meat company is Morningstar Farms. It specializes in black bean burgers, which I've been told is quite tasty. Because of this, it's also a natural competitor to BYND stock. By the way, Morningstar is under the Kellogg Company (NYSE:K) umbrella.I mention these things because anybody that's thinking about buying Beyond Meat stock should research this topic. In this country, fake meats have a long and storied history. Yet they really make up an insignificant presence in the overall meat market. Competition over a Small MarketWhen you read bullish articles about Beyond Meat stock, you'll more often than not come across the addressable market argument. That is, because the traditional meat industry is so large, BYND has an opportunity to convert meat-eaters. If successful in scale, this could skyrocket shares.Of course, I won't disagree with that logic. However, I'll say that this is a huge "if."Last year, the global plant-based meat market was a $10.1 billion industry. Experts believe that this year will translate to an $11.6 billion industry. And by 2023, the alternative-meat sector should be worth over $20 billion.That's great and all but how does that compare to the traditional meat market? Honestly, not very well. In 2018, real meats brought in nearly $946 billion worldwide. This year, analyst forecasts call for $982.6 billion. Click to Enlarge Source: Chart by Josh Enomoto In both annual comparisons, fake meats represented only a little over 1% of real meat sales.Moreover, by 2023, the global meat industry will generate a value of $1.14 trillion. Even with fake meat booming to $20 billion, that's less than 2% of its real counterpart.Now, proponents of BYND stock will counter that the underlying company's marketing machinery will convert large chunks of meat-eaters. That might be the case but I'm very skeptical.Since the 1990s, we've seen many companies promote their alternative-meat innovations. Some organizations found rousing success. Yet with more than a century of culinary achievements, fake meats haven't even scratched the traditional meat market share.This time could be different, but I doubt it. Some Food for Thought on BYND StockJohn Harvey Kellogg was a deeply spiritual man who strongly advocated clean living. Subsequently, most Christian denominations teach that believers refrain from the temptations of the flesh. Clearly, Kellogg took that lesson literally with his meatless meat inventions. Kellogg was also a staunch opponent of masturbation.However, people are people. Some may try the clean-living approach, but only a small minority will ever be successful. We as humans are addicted to the pleasures associated with eating flesh. And we can innately tell a counterfeit. That's why Kellogg ultimately failed in his attempt to change what we masticate.However, Beyond Meat would like you to believe that they've got the secret formula down. In the nearer term, the hype machine surrounding Beyond Meat stock makes it a possible bullish trade.But I'd be very careful about holding shares over the long run. Most people don't or can't deny their base instincts. A century of data augments this point.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Large-Cap Dividend Stocks to Buy * 3 of the Worst ETFs in 2019 * 7 Biotech Stocks to Buy and Hold in 2020 The post It's Unlikely That the Marketing Hype Driving BYND Stock Is Sustainable appeared first on InvestorPlace.
Whether gathering around for a home-cooked meal or snacking during a competitive board game, the holiday season is all about spending time with family and friends. While many have the chance to spend their days at home, not everyone is able to partake in the festivities. Dedicated first responders work each day to protect their communities and the holidays are no exception. As a small token of appreciation to this community, Pringles is sharing more than 250,000 cans of Pringles Roasted Turkey crisps with local police, fire and EMT in select cities.
The Cheez-It® Bowl is just around the corner, and fans better believe that there are more absurdly social, cheese-infused moments taking center stage...other than the actual game, of course. To make this year's game even more fun for fans, Cheez-It has cooked up special details for Cheez-It lovers at-home and in attendance at the game, including:
December always finds people rushing around – going from work, to holiday parties, to the next family gathering, to lunch with friends. This year is especially hectic, with less than 30 days between Thanksgiving and Christmas. Jaime Oesch, Marketing Director at Kellogg Company, shares how Club® Crackers, made by Kellogg, can help make holiday celebrations a little merrier AND more meaningful by volunteering to support your local United Way.
Kellogg (K) is benefiting from robust organic sales trend. Further, the company is on track with building brands and expanding presence in the emerging regions.
Kellogg Company is proud to launch its annual Diversity & Inclusion Report, titled Features. The report highlights the company's many Diversity & Inclusion (D&I;) accomplishments and goals over the past year.
[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 sees opportunity for food companies in 2020. The firm announced Dec. 11 that it would be resuming coverage across 13 large-cap food companies.
On Thurs., Dec. 12, The Hatchery Chicago is hosting its annual fundraiser in partnership with presenting sponsor, Kellogg Company. The event offers a unique and experiential evening showcasing Chicago's food and beverage entrepreneurs and will shine a spotlight on industry trends and innovations.