|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||61.95 - 62.88|
|52 Week Range||51.34 - 72.98|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||25.07|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||2.28 (3.68%)|
|1y Target Est||63.00|
Kellogg Company's (K) third-quarter 2019 results are expected to reflect impacts of the divestiture of the cookies, fruit snacks, pie crust and ice cream cones businesses.
BATTLE CREEK, Mich., Oct. 21, 2019 /PRNewswire/ -- According to the Ellen MacArthur Foundation, 311 million tonnes of plastic are produced each year, the equivalent of more than 900 Empire State Buildings1. Nigel Hughes, Senior Vice President of Global Research & Development at Kellogg Company, is responsible for leading a team that drives cutting edge innovation. Here, he provides an update on how Kellogg is progressing towards its global packaging goal.
BATTLE CREEK, Mich. , Oct. 18, 2019 /PRNewswire/ -- Kellogg Company (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of the Company, payable ...
Beyond Meat Inc. stock fell 5.2% in Friday trading after the plant-based meat company was initiated at sell at CFRA with a $120 12-month target. Analyst Arun Sundaram expects Beyond Meat to face increased competition from large food companies. Tyson Foods Inc. and Kellogg Co. are among the businesses that have entered the space with their own plant-based alternatives. "We think larger packaged food companies will end up as the category leaders in the space given their vast global footprint and embedded relationships throughout the supply chain," CFRA said. Beyond Meat stock has tumbled 34.6% over the last three months while the S&P 500 index is up 19.4% for the period.
BATTLE CREEK, Mich., Oct. 17, 2019 /PRNewswire/ -- In honor of Spirit Day, Kellogg Company is donating $50,000 to GLAAD to support their anti-bullying and LGBTQ advocacy work and launching a new All Together Cereal. In a recent blog post, Priscilla Koranteng, Kellogg Vice President, Global Talent and Chief Diversity Officer, shares why she's proud to work for a company that emphasizes inclusion through partnerships like GLAAD. As a new Kellogg employee and Vice President of Talent and Diversity, I'm quickly learning that Kellogg truly is a company with heart and soul.
Sysco (SYY) gains from strong U.S. Foodservice unit and is on track with fiscal 2020 growth plans. However, mixed International unit's performance and high costs are concerns.
This weekend's Barron's cover story examines ways to maximize income in a low-rate environment. Other featured articles discuss a way to play the China trade talks and what a new baby boom means for retail ...
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Kellogg stock fell more than 20% from 2017 to 2018 as the food company struggled with declining cereal sales in developed markets and changing consumer tastes. A new focus on snacks makes it appear like a buy again.
In Piper Jaffray’s latest teen survey, Kellogg’s Cheez-It, Pringles and Rice Krispy brands rated highly in the ‘favorite snack brand’ category among young consumers.
BATTLE CREEK, Mich., Oct. 8, 2019 /PRNewswire/ -- Kellogg Company today announced it has partnered with online retailer Boxed and United Way of the Midlands to help local families still struggling in the aftermath of this spring's devastating flooding in Nebraska and Iowa. During the month of October, people can visit boxed.com/betterdays and shop bulk groceries and other supplies that United Way of the Midlands has curated based upon the needs of families still impacted by the devastating floods that hit the community earlier this year. "What goes unrecognized is that people who are impacted by natural disasters need support well after the headlines and news cycles have moved on," said Stephanie Slingerland, Director of Philanthropy and Social Impact at Kellogg Company.
(Bloomberg) -- In the world of artificial meats, you can’t get more alien than growing your beef in space.That’s what the Israeli startup Aleph Farms showed might be possible in an experiment on the International Space Station last week, where it grew small-scale muscle tissue from bovine cells using equipment made by the Russian company 3D Bioprinting Solutions.“We are working on a new method to produce the same meat, but in a way that uses less than half of the greenhouse gasses,” said Didier Toubia, co-founder and chief executive officer of Aleph Farms, noting that the experiment was preliminary and just a proof of concept. “The experiment in space shows that meat can be cultivated in the harshest conditions, meaning anywhere, anytime and for anyone.”Consumers, cutting down on meat intake for dietary reasons or concern for environment, have already been introduced to plant-based burgers, sausage and other meat-like products.Beyond Meat Inc., a company that touts its production process as more humane and sustainable than livestock production, has seen its stock soar since its early May debut price. The market for such plant-based products is expected to reach $27.9 billion by 2025 according to research firm Markets and Markets, and Beyond Meat already competes with Impossible Foods Inc. Kellogg Co., Nestle and Tyson Foods Inc., among others.While partly a publicity stunt, the experiment’s goal was to help the Aleph Farms advance its research into meat production in harsh conditions without depending on natural resources, the company said. The U.S.-based Meal Source Technologies and Finless Food also participated in the experiment. While Aleph Farms’ proof of concept in space was successful, even on Earth it will take at least three years before consumers will be able to buy its steaks or burgers, according to company estimates.“The mission of providing access to high-quality nutrition anytime, anywhere in a sustainable way is an increasing challenge for all humans,” said Jonathan Berger, CEO of The Kitchen accelerator that co-founded Aleph.Aleph Farms, which has raised about $13 million, has investors including Israel’s Strauss Group, Cargill Inc., New Crop Capital, and Vis Vires New Protein.(Updates with names of other companies involved in the experiment)To contact the reporter on this story: Gwen Ackerman in Jerusalem at email@example.comTo contact the editors responsible for this story: Riad Hamade at firstname.lastname@example.org, Giles TurnerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
BATTLE CREEK, Mich. , Oct. 3, 2019 /PRNewswire/ -- Kellogg Company (NYSE: K) plans to issue its 2019 third quarter financial results at approximately 8:00 am EDT on Tuesday , October 29, 2019. The following ...
BATTLE CREEK, Mich., Sept. 30, 2019 /PRNewswire/ -- Almost a century ago, during the height of the global great depression, Kellogg Company founder, W.K. Kellogg, said "I'll invest my money in people." In doing so, he donated nearly all of his wealth to create the W.K. Kellogg Foundation. Mr. Kellogg was one of the world's early philanthropists. Through our Kellogg's® Better Days global signature cause platform, we're working to end hunger by addressing the interconnected issues of food security, climate-resilience and well-being for people, communities and the planet.
New partners ‒ Del Monte Foods, Inc. and Hormel Foods ‒ and more food banks increase opportunities to help feed people in need BATTLE CREEK, Mich. , Sept. 30, 2019 /PRNewswire/ -- Recognizing that one ...
Consumer defensive continued its string of outperformance in the third quarter, gaining 5% versus 1% for the broader U.S. equity market through Sept. 24 (Exhibit 1). Firms increasing spend to ensure fare evolves with consumer trends.
Kellogg's (K) top line rise on the back of buyouts and organic growth. Further, the company is on track with portfolio-restructuring efforts.
Shippers apparently are collaborating more and more to reduce transportation costs, empty miles and environmental impact. Ashley, which now has a fleet of 900 tractors and 4,000 trailers as well as a freight brokerage, is delivering some loads in the Southeast for the Kellogg Company (NYSE: K), according to Kyle Russell, its director of North American supply chain services.
With HEXO Corp. (NYSE:HEXO) firmly below the key $1 billion market capitalization, investors are at a loss on what to do next. Although HEXO stock is holding the $4 support line, its earnings report, estimated to take place on Oct. 3, might prove to be a turning point.Source: Shutterstock Ahead of the report, MKM Partners initiated coverage on a few cannabis companies last Friday, Sept. 20. It gave HEXO stock a buy rating, which sent the stock up that day. Howver, to get an idea on what to expect from HEXO's upcoming report, investors should look at the Q3 2019 report posted in June. Investors are Tired of WaitingHexo reported revenue growth of 944%, albeit at $9.76 million. Analysts expected $1 million but at this level, the absolute figures should not matter much. Hexo's vision of becoming a top-three global cannabis company is a secondary point. Cannabis stocks are simply out of favor.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince peaking in May, stocks like Canopy Growth (NYSE:CGC) and Aurora Cannabis (NYSE:ACB) are in a sustained downtrend. Investors have grown tired of waiting for profits to come. But that is the nature of a nascent industry that needs the big players to spend heavily on operating expenses. And while these companies continue to grow revenue at a blistering pace, the profits never seem to come.Why is Hexo stock different from all other cannabis companies, if at all? * 7 Momentum Stocks to Buy On the Dip Hexo outlined three pillars that will deliver on its goal in becoming a top-three global cannabis firm, specifically, according to management's conference call comments: operational stability; product innovation; and, brand leadership. It invested in a strong team of scientists, chemists, and those with industry experience working at Kellogg's (NYSE:K) or Coca Cola (NYSE:KO). With 25 PhDs on staff, the R&D department is developing innovative products. To leverage its expertise, Hexo is partnered with Fortune 500 companies.The company secured around 200,000 kilograms of hemp supply for CBD and non-THC cannabinoid extraction for the fiscal 2020 year. It has a secondary supply agreement that adds 60,000 kilograms of hemp. The risk here is similar to that faced by other cannabis firms: it is waiting for the second stage of legalization in October in Canada -- the production and sale of edible cannabis, cannabis extracts and cannabis topicals. Its strategy also relies on cannabis legalization in eight U.S. states in 2020. New Lows for HEXO Stock PossibleAt a recent price of $3.94, HEXO stock is down 53% from 52-week highs but is still up 30% from yearly lows. The increased selling pressure could send the stock to new lows. This may frustrate existing shareholders. Still, those willing to average down or to start on a speculative position could get a big reward. Cannabis legalization in the U.S., Canada, and in other countries will lead to revenue growth.Hexo has the title of being the first cannabis company to join the Food and Consumer Products of Canada, a leading national trade group. The company's added 374 new workers and raised its total headcount to 822 employees at the end of last quarter. It has 1,100 employees in total. CAD $400 Million Revenue TargetHexo has an ambitious CAD $400 million ($301.5 million) revenue target. It faces two risks in getting there. First, regulatory risks would delay the advancements of its products. More likely, regulatory delays will push out the company meeting its revenue target. Execution is the second risk. If its Belleville operations are ready in the fall as planned, Hexo will be mitigating that risk. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars In Quebec, Hexo targets 30% share. But Hexo has a preferred supplier status in the region, a strong reputation, and a product its customers like.In the near-term, the company set a goal of a 40% gross margin. Longer-term, the company may achieve 50%. But to get there, it needs to be a top-four global cannabis company. Your Takeaway on HEXO StockInvestors have a number of financial models available to forecast the stock's fair value. But until Hexo starts generating consistently growing revenue each quarter, the estimate is a guess with a wide margin for error. Investors should instead wait for legalization and regulatory clarity first. This will remove some of the risks that may still not yet be priced in HEXO stock.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Triple-'F' Rated Stocks to Leave on the Shelf * 10 Excellent Stocks to Watch for 2020 and Beyond * 7 Consumer Stocks to Buy in an Uncertain Market The post Why HEXO Stock is Starting to Look Attractive at These Levels appeared first on InvestorPlace.
DETROIT, Sept. 17, 2019 /PRNewswire/ -- Kellogg's Frosted Flakes® kicks off the next chapter for Mission Tiger by announcing a multiyear partnership with The Aspen Institute at its 2019 Project Play Summit, being held now in Detroit. This partnership will create the first-ever search for the best middle school sports programs in the country. The goal: Revitalize middle school sports by inspiring leaders to adopt models that serve the broadest swath of the student population.