Kellanova Stock Price, News & Analysis

Kellogg's Frosted Flakes® Mission Tiger is enhancing middle school sports programs in Missouri through significant donations to local schools. On December 14, 2022, notable contributions were made to Momentum Academy and Valley Middle School, providing essential sports gear and fitness equipment. The initiative, which has positively impacted over 1 million children since its launch in 2019, emphasizes the importance of school sports in youth development. Donations are facilitated via the education nonprofit DonorsChoose, demonstrating Kellogg's commitment to community support.

Kellogg Company (NYSE: K) has approved a new share repurchase authorization of up to $1.5 billion, effective from January 1, 2023, to December 31, 2025. This initiative aims to counteract dilution from options exercises and stock grants while returning cash to shareholders. The previous authorization of $1.5 billion expired on December 31, 2022. Kellogg emphasizes that these buybacks reflect its commitment to enhance shareholder value and support its stock price.

The 2022 Tony the Tiger Sun Bowl, scheduled for December 30 in El Paso, Texas, will feature a matchup between the University of Pittsburgh and UCLA. The event promotes youth sports via Kellogg's Frosted Flakes and Albertsons Foundation's Mission Tiger program, donating funds to Parkland Pre-Engineering Middle School. This initiative aims to enhance middle school athletics, providing new sports equipment and access to athletes. Since its launch in 2019, Mission Tiger has supported over 1 million children nationwide by improving sports facilities and resources.

Kellogg's Special K introduces three new flavors: Oat Crunch Honey, High Protein, and Zero. These additions aim to cater to diverse consumer preferences for various times and moods. The Oat Crunch Honey features multigrain flakes and vanilla-oat clusters, while the High Protein variety boasts 20g of protein, real almonds, and rich chocolate flavor. The Zero flavor, with zero sugar and 18g of plant-based protein, is keto-friendly. These products will be available in December 2022 at various retailers, with suggested prices ranging from $4.99 to $8.49.

Kellogg Company, based in Battle Creek, Mich., announced a donation of 30 million servings of food to Feeding America, aiming to combat food insecurity during the holidays. This contribution includes products like cereal, snacks, and Eggo. CEO Steve Cahillane emphasized the company's commitment to supporting 375 million people facing hunger by 2030. As part of their Better Days Promise, Kellogg encourages public donations to Feeding America, where just $1 can provide at least 10 meals to those in need.

Kellogg Company announced that its employees worldwide volunteered over 2,400 hours to honor World Food Day. This initiative, part of Kellogg's Better Days Promise ESG strategy, aims to create better days for 3 billion people by 2030. Employees participated in various activities, such as sorting food and cleaning parks. For every hour logged by November 30, Kellogg pledged to donate $10 to United Way. Since 2015, employees have volunteered more than 106,000 hours globally. The company emphasizes community support and employee engagement as key components of its social responsibility efforts.

Kellogg's has announced the launch of two new products: Kellogg's Krave Double Chocolate Brownie Batter Cereal and Kellogg's Froot Loops with Marshmallows Jumbo Snax, available nationwide starting December 2022. The Krave cereal features a blend of creamy and crispy textures, mimicking brownie batter, priced at $4.29 for 10.5 ounces and $5.29 for 16.2 ounces. The Froot Loops Jumbo Snax combines the fruity cereal with marshmallows, priced at $5.29 for a pack of 12. This introduction aims to cater to consumer preferences for innovative flavors.

Cheez-It is enhancing the college football experience with its 'Feelin' the Cheeziest' initiative, introducing themed hotel rooms and on-field suites for fans and players. These unique offerings at the Cheez-It Bowl will provide immersive, Cheez-It-inspired stays, featuring branded decor and fun elements. Players from the ACC, Big 12, SEC, and Big Ten will experience this novelty through NIL deals, aiming to boost team spirit. The Cheez-It Bowl is set for Dec. 29 and the Citrus Bowl on Jan. 2, 2023, showcasing the brand's commitment to elevating game day excitement.

Kellogg Company emphasizes the need for innovation in the global food system to meet the United Nations Sustainable Development Goal No. 2, which aims to end hunger and improve food security by 2030. With a projected global population of 9.7 billion by 2050, the demand for food is expected to rise by 60%. Kellogg's initiatives, like the Ingrained™ program for rice farmers, focus on sustainable practices and reducing greenhouse gas emissions. The company's Better Days Promise aims to create a positive impact for 3 billion people by 2030.