|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||56.98 - 56.98|
|52-week range||56.98 - 56.98|
|Beta (3Y monthly)||0.63|
|PE ratio (TTM)||16.86|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The cereal maker said in November it was exploring options to sell its cookies and fruit snacks units in a bid to sharpen focus on its core segments in North America. Last month, the company also said it was reorganizing its European business that would result in charges of about $50 million.
"This transaction will result in a smaller, more focused (North American) portfolio with fewer brands... requiring a simpler, more agile and rightsized organization," said Kris Bahner, senior vice president for Global Corporate Affairs. It said it expected the restructuring moves in Europe and North America to be completed by end of 2020.
Kellogg Stock Is Down 5% since Its Q1 Results—What’s Next?(Continued from Prior Part)Unattractive valuationDespite the recent weakness in the Kellogg Company (K) stock, it looks unattractive on the valuation front. Kellogg stock is trading at a
Kellogg Stock Is Down 5% since Its Q1 Results—What’s Next?(Continued from Prior Part)EPS could continue to fallWe expect the Kellogg Company’s (K) earnings to remain subdued in the coming quarters, reflecting pressure on its margins.
Kellogg Stock Is Down 5% since Its Q1 Results—What’s Next?(Continued from Prior Part)Factors that could hurt Kellogg’s top line We expect the Kellogg Company (K) to continue to disappoint with its sales performance in the coming quarters.
Kellogg Stock Is Down 5% since Its Q1 Results—What’s Next?Weakness in base business continues to hurtShares of the Kellogg Company (K) are down ~5% since the company posted weak first-quarter earnings results on May 2. Low organic sales, cost
Rising costs and shifting tastes continue to create hurdles for Kellogg, which posted a 36.5% profit decline in the first quarter. The company said Thursday that it was replacing its chief financial officer Fareed Khan on July 1. Cereal sales in North America slid 4% when currency fluctuations are removed.
By Richa Naidu CHICAGO (Reuters) - Kellogg Co said on Thursday it will replace its chief financial officer, and the breakfast foods and snacks maker reported a 36.5 percent decline in first-quarter earnings, ...
From cookies to fruit snacks and pie crusts, the consumer-goods giant just divested some of its biggest products. Here's what investors need to know.
Stocks that moved substantially or traded heavily on Monday: Kellogg Co., down $1.36 to $56.02 The food company is selling its iconic Keebler cookie brand and other businesses to Ferrero for $1.3 billion. ...
Kellogg is selling Keebler cookies and other brands for $1.3 billion, about $2.6 billion less than it spent on that brand alone 17 years ago. Food producers are trying to find new brands with more growth potential after sweeping shifts in consumer taste, particularly in the U.S. The value of household names like Keebler has deteriorated as families seek food and snack alternatives that are at least perceived to be healthier.
U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for $1.3 billion as it focuses on its core cereals and snacks businesses. The deal comes as packaged food companies struggle to adjust to changing consumer tastes and rising demand for low-sugar, healthier items. Monday's transaction is Ferrero's fourth acquisition in the Unites States since 2017 as it looks to expand in a key market for chocolate and biscuits, an area where it is growing rapidly.
MEXICO CITY (AP) — The Netherlands-based consumer group Changing Markets says Kellogg Co. has reduced vitamins and micronutrients in some of the most popular breakfast cereals in Mexico.