Kellanova Stock Price, News & Analysis

Kellogg Company has launched NEW Kellogg's Frosted Flakes® Minecraft, a limited-edition cereal inspired by the popular video game Minecraft. Following the success of their previous Minecraft collaboration, the new cereal combines classic Frosted Flakes with 'Creeper Bit' marshmallows, designed to engage gamers and cereal fans alike. Each box includes a code for 350 Minecoins, enhancing the gaming experience. The cereal will be available starting in April at a suggested retail price of $5.29 for the 8.4-ounce box and $6.49 for the 13.5-ounce box. This launch aligns with Kellogg's goal to connect with consumer interests in gaming.

Kellogg Company (NYSE: K) announced its plan to separate into two public companies: Kellanova, focusing on global snacking, and WK Kellogg Co, dedicated to North American cereal. This separation aims to enhance operational agility and align distinct corporate cultures. The name Kellanova reflects the company's ambition and heritage, while WK Kellogg Co honors its founder. Kellanova will feature brands like Pringles, Cheez-It, and MorningStar Farms, whereas WK Kellogg Co will include iconic cereals such as Frosted Flakes and Rice Krispies. The spin-off is expected to finalize by the end of 2023, with the ticker 'K' for Kellanova.

Kellogg Company (NYSE: K) has been recognized as one of the World's Most Ethical Companies for 2023 by Ethisphere, marking the 15th time since the rankings began in 2007. This year, Kellogg is one of only seven companies honored in the Food, Beverage and Agriculture category. The assessment process involves over 200 questions regarding ethics, governance, and social practices, highlighting the company's commitment to integrity and transparency. Kellogg's net sales exceeded $15.3 billion in 2022, striving to create 'Better Days' for 3 billion people by 2030 through its ESG strategy.

Eggo is launching a giveaway to assist parents with the challenging morning after Daylight Saving Time on March 12, 2023. According to a survey, 53% of U.S. parents would prefer to pay $100 than manage their kids alone that morning. Eggo is offering a chance to win $100 for hiring a babysitter and stocking up on Eggo waffles. The giveaway opens on March 9 and aims to alleviate the struggles families face after the time change. This initiative aligns with Eggo's ongoing campaign to support parents during hectic mornings, reinforcing the brand's commitment to making breakfast a simpler experience for families.

On February 23, 2023, Kellogg Company announced the launch of its latest product, Apple Jacks® Frosted Apple Cinnamon Flavor Pop-Tarts®, inspired by the iconic cereal. Set to hit the shelves nationwide in March, with full rollout by April, these new pastries feature a combination of cinnamon and sweet apple flavors, presented in an 8-count box at an SRP of $3.84, and a 16-count box exclusively at Walmart for $5.02. The company highlights that over 50% of Apple Jacks households also buy Pop-Tarts, suggesting strong market potential for this mashup flavor. The product adds to Kellogg's innovative portfolio, following the success of previous Pop-Tarts flavors.

Pritzker Private Capital has appointed Carter Cast as Operating Partner to enhance commercial activities across its family of companies. With over 30 years of experience, Mr. Cast has a proven background in driving significant growth, having previously served as CEO of Walmart.com and co-founding Blue Nile, an online jewelry marketplace. His experience includes marketing roles at Frito Lay. Mr. Cast's strategic insights are expected to accelerate PPC’s long-term growth. He will also continue his academic role at Kellogg School of Management while serving in this new capacity.

Kellogg Company (NYSE: K) and Meijer have partnered with The National Young Farmers Coalition to support the next generation of farmers through funding and advocacy efforts. Funding will cover honorariums for 12 Midwest farmers, including five from Michigan, participating in the Young Farmers Land Advocacy Fellowship as part of the One Million Acres for the Future campaign. This initiative aims to improve access to land and financing for young farmers, especially those from diverse backgrounds. The collaboration aims to shape sustainable agriculture and support local farmers, underlining Kellogg's commitment to community engagement and equitable food systems.