kellogg
Kellogg Company (NYSE:K) has announced it is splitting up into three publicly traded companies: snacks, cereal and plant-based foods. The three lines are expected to go solo next year. Since the announcement, Kellogg stock increased 2% yesterday alone, and is up 6% over this year. Kellogg’s SplitQ1 2022 hedge fund letters, conferences and more “Companies go through cycles, and Kellogg is in one now. The decision has been taken to allow the company (or companies) to focus squarely on their key products and at least provides a change in strategy that appears to have been given the market seal of...
ValueWalk
Following is the unofficial transcript of a CNBC exclusive interview with Kellogg Company (NYSE:K) Chairman & CEO Steve Cahillane on CNBC’s “Squawk Box” (M-F, 6AM-9AM ET) today, Tuesday, June 21. Following is a link to video on CNBC.com: Kellogg CEO Steve Cahillane: Now Is The Opportune Time To Split CompanySARA EISEN: Good morning, Becky and I just want to point out Kellogg’s stock which is sharply higher premarket, liking the news of the split. Joining me now in an exclusive interview with Kellogg Chairman and CEO Steve Kay Helene. Steve, great to have you here for the for this big news. So,...
ValueWalk
High-Yield Value Stock Kellogg Moves Up On Raised GuidanceKellogg Company (NYSE:K) proved without a doubt that it and the consumer staples sector have pricing power. The company proactively raised its prices and was able to drive not only top-line growth but also margin preservation. In a world where consumers are being forced to ask themselves “do I buy what I want or what I need?”, pricing power is king, and when that power lies in an already attractive high-yielding dividend growth stock all the better. Kellogg isn’t quite the value it was a year or so ago but it is still a good buy at 16X ...
ValueWalk
About 1,400 employees of various Kellogg Company (NYSE:K) plants in the U.S., went on strike Tuesday after the expiration of their current union contracts. The the food company has threatened to outsource jobs to Mexico should workers do not accept the company’s terms. Q3 2021 hedge fund letters, conferences and more Ongoing StrikeAs reported by The Guardian, the protest includes unions from the Battle Creek, Michigan, Omaha, Nebraska, Lancaster, Pennsylvania, and Tennessee plants. Anthony Shelton, president of the BCTGM –Bakery, Confectionery, Tobacco Workers and Grain Millers' International ...
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