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Kellogg Co (K.N)

K.N on New York Stock Exchange

60.36USD
14 Dec 2018
Change (% chg)

$-0.69 (-1.13%)
Prev Close
$61.05
Open
$60.82
Day's High
$60.97
Day's Low
$60.07
Volume
600,657
Avg. Vol
545,405
52-wk High
$74.96
52-wk Low
$56.40

Latest Key Developments (Source: Significant Developments)

Kellogg Co Reports CEO's Open Market Purchase Of 17,825 Shares Of Co's Common Stock
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Kellogg Co ::KELLOGG CO SAYS CEO STEVEN CAHILLANE REPORTS OPEN MARKET PURCHASE OF 17,825 SHARES OF CO'S COMMON STOCK AT AVERAGE PRICE OF $61.63 PER SHARE ON NOV 19.  Full Article

Kellogg Co Hosts Investor Event, Describes Strategic Actions
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Kellogg Co ::KELLOGG HOSTS INVESTOR EVENT, DESCRIBES STRATEGIC ACTIONS, OFFERS INITIAL INDICATIONS FOR 2019.KELLOGG CO - TO EXPLORE POTENTIAL SALE OF BRANDS AND ASSETS RELATED TO ITS COOKIES, FRUIT-FLAVORED SNACKS, PIE CRUSTS AND ICE CREAM CONES BUSINESSES.KELLOGG CO - INITIAL INDICATIONS FOR 2019 IS EXPECTATION THAT ORGANIC NET SALES GROWTH WOULD CONTINUE TO IMPROVE.  Full Article

Kellogg Co Announces Two "Significant" Changes To N. American Business
Monday, 12 Nov 2018 

Nov 12 (Reuters) - Kellogg Co ::TWO SIGNIFICANT CHANGES TO ITS NORTH AMERICAN BUSINESS.FIRST, BEGINNING IN JANUARY 2019, KELLOGG'S NORTH AMERICAN (KNA) ORGANIZATIONAL STRUCTURE WILL BE REDESIGNED.KELLOGG IS EXPLORING SALE OF ITS COOKIES AND FRUIT SNACKS BUSINESSES.CONSOLIDATING U.S. MORNING FOODS, SNACKS AND FROZEN FOODS BUSINESS UNITS INTO A SINGLE, CATEGORIES-FOCUSED ORGANIZATION.COMBINING MORNING FOODS, SNACKS AND FROZEN AND RETAIL CHANNELS SALES TEAMS WITHIN A SINGLE KELLOGG U.S. SALES ORGANIZATION.INVESTING IN NEW ECOMMERCE AND INTEGRATED BUSINESS PLANNING CAPABILITIES..FINANCIAL IMPACT OF POTENTIAL SALE OF BUSINESSES WILL BE ADDRESSED UPON ANNOUNCEMENT OF ANY TRANSACTION.REORGANIZATION OF KELLOGG NORTH AMERICA IS ONE OF FINAL PLANNED INITIATIVES UNDER CO'S PROJECT K RESTRUCTURING PROGRAM.ITS UP-FRONT COSTS AND ONGOING SAVINGS ARE INCLUDED IN PREVIOUS FINANCIAL ESTIMATES FOR FIVE-YEAR PROJECT K PROGRAM.EXPLORING SALE OF ITS COOKIES AND FRUIT SNACKS BUSINESSES TO "BRING A SHARPER FOCUS TO ITS CORE BUSINESSES".MAKING FOUR PRIMARY CHANGES TO ITS KNA ORGANIZATIONAL STRUCTURE, INCLUDING BUILDING A CONSOLIDATED, END-TO-END KNA SUPPLY CHAIN.  Full Article

Kellogg Co Reports Third Quarter 2018 Results
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Kellogg Co ::QTRLY REPORTED EARNINGS PER SHARE $1.09.QTRLY CURRENCY-NEUTRAL ADJUSTED EARNINGS PER SHARE $1.07.QTRLY REPORTED NET SALES $3,469 MILLION VERSUS $3,246 MILLION LAST YEAR.QTRLY ADJUSTED EARNINGS PER SHARE $1.06.UPDATED FINANCIAL GUIDANCE FOR THE FY, MOVING OUTLOOK TO HIGH END OF PREVIOUSLY STATED RANGE FOR CURRENCY-NEUTRAL NET SALES GROWTH.Q3 EARNINGS PER SHARE VIEW $1.06, REVENUE VIEW $3.42 BILLION -- THOMSON REUTERS I/B/E/S.INCREASED NET SALES GROWTH OUTLOOK TO APPROXIMATELY 5% ON A CURRENCY-NEUTRAL BASIS FOR FY.DECREASING FY OUTLOOK FOR CURRENCY-NEUTRAL ADJUSTED OPERATING PROFIT, EPS TO REFLECT INCREASED INVESTMENT AND GROWTH-RELATED COSTS AND MIX SHIFTS.REDUCING ADJUSTED EARNINGS PER SHARE GROWTH OUTLOOK TO +7-8% ON A CURRENCY-NEUTRAL BASIS FOR FY.REDUCING GUIDANCE FOR ADJUSTED OPERATING PROFIT GROWTH TO ROUGHLY FLAT ON A CURRENCY-NEUTRAL BASIS FOR FY.QTRLY U.S. SNACKS REPORTED NET SALES $737 MILLION VERSUS $764 MILLION.INCREASED FY NET SALES GROWTH OUTLOOK TO ABOUT 5% ON A CURRENCY-NEUTRAL BASIS.QTRLY U.S. MORNING FOODS REPORTED NET SALES $683 MILLION VERSUS $692 MILLION.FY NET SALES GROWTH OUTLOOK STILL INCLUDES NEGATIVE IMPACT OF 1% FROM U.S. SNACKS’ DSD TRANSITION.KELLOGG NORTH AMERICA’S NET SALES IN Q3 INCREASED YEAR-ON-YEAR, REFLECTING POSITIVE CONTRIBUTION FROM ACQUISITION OF RX.OPERATING. PROFIT GROWTH IN Q4 WILL BE "RESTRAINED BY SIMILAR FACTORS EXPERIENCED" IN Q3.AFFIRMING FY CASH FLOW GUIDANCE AT ABOUT $1 BILLION.  Full Article

Kellogg Announces New Global Sustainable Packaging Goal
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Kellogg Co ::KELLOGG ANNOUNCES NEW GLOBAL SUSTAINABLE PACKAGING GOAL.KELLOGG CO - EXPANDING COMMITMENTS TO INCLUDE GOAL OF WORKING TOWARDS 100 PERCENT REUSABLE, RECYCLABLE OR COMPOSTABLE PACKAGING BY END OF 2025.  Full Article

Kellogg's Honey Smacks Cereal Returns To Shelves
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Kellogg Co ::KELLOGG'S® BELOVED HONEY SMACKS® CEREAL RETURNS TO SHELVES.KELLOGG CO - HONEY SMACKS BEGINS ROLLING BACK ON TO U.S. SHELVES NEXT MONTH IN LIMITED QUANTITIES.KELLOGG CO - HONEY SMACKS CEREAL PRODUCTION MOVED FOR RELAUNCH TO KELLOGG-OWNED FACILITY.  Full Article

Kellogg Declares Regular Dividend Of $0.56 Per Share
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Kellogg Co ::SETS REGULAR DIVIDEND OF $0.56 PER SHARE.  Full Article

U.S. FDA Says Working With Kellogg's To Ensure Honey Smacks Are Safe When They Are Again Available To Consumers
Saturday, 29 Sep 2018 

Sept 28 (Reuters) - :U.S. FDA SAYS WORKED WITH KELLOGG'S TO VOLUNTARILY RECALL HONEY SMACKS FROM MARKET, CONDUCTED INSPECTION AT MANUFACTURING FACILITY OWNED BY KERRY INC.U.S. FDA SAYS INSPECTION AT MANUFACTURING FACILITY OWNED BY KERRY INC RESULTED IN A WARNING LETTER IDENTIFYING SPECIFIC PROBLEMS AT THE FACILITY.U.S. FDA SAYS WORKING WITH KELLOGG'S TO ENSURE HONEY SMACKS ARE SAFE WHEN THEY ARE AGAIN AVAILABLE TO CONSUMERS.U.S. FDA SAYS IS CONTINUING TO WARN CONSUMERS AGAINST EATING ANY HONEY SMACKS WITH A MARKED "BEST IF USED BY" DATE BEFORE JUNE 14, 2019.  Full Article

Centers For Disease Control And Prevention - Multistate Outbreak Of Salmonella Infections Linked To Honey Smacks Is Over
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Kellogg Co ::CENTERS FOR DISEASE CONTROL AND PREVENTION - MULTISTATE OUTBREAK OF SALMONELLA INFECTIONS LINKED TO HONEY SMACKS IS OVER.CDC-135 PEOPLE INFECTED WITH OUTBREAK STRAIN WERE REPORTED FROM 36 STATES RELATING TO MULTISTATE OUTBREAK OF SALMONELLA LINKED TO HONEY SMACKS.CDC - 34 PEOPLE WERE HOSPITALIZED, NO DEATHS WERE REPORTED RELATING TO MULTISTATE OUTBREAK OF SALMONELLA INFECTIONS LINKED TO HONEY SMACKS.  Full Article

CDC Investigation Update On Salmonella Outbreak Linked To Honey Smacks
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Kellogg Co ::CDC INVESTIGATION UPDATE ON SALMONELLA OUTBREAK LINKED TO HONEY SMACKS.CDC - SINCE LAST UPDATE ON JULY 12, 30 MORE ILLNESSES HAVE BEEN REPORTED RELATED TO SALMONELLA OUTBREAK LINKED TO HONEY SMACKS.CDC SAYS THREE MORE STATES REPORTED ILL PEOPLE, INCLUDING DELAWARE, MAINE, MINNESOTA RELATED TO SALMONELLA OUTBREAK LINKED TO HONEY SMACKS.CDC - FDA REPORTS THAT RECALLED KELLOGG’S HONEY SMACKS CEREAL IS STILL BEING SOLD IN SOME LOCATIONS, DESPITE THE RECALL EARLIER.CDC SAYS ILLNESSES IN SALMONELLA OUTBREAK LINKED TO HONEY SMACKS STARTED ON DATES RANGING FROM MARCH 3, 2018 TO AUGUST 7, 2018.  Full Article

UPDATE 2-Goodyear permanently ceases Venezuela operations

CARACAS, Dec 10 Goodyear Tire & Rubber Co is halting operations in Venezuela because of dire economic conditions and U.S. sanctions, the company said on Monday, part of an exodus of foreign corporations from the country.