Kellanova Stock Price, News & Analysis

Roughly 300 million children are facing hunger without school meals due to the COVID-19 pandemic. The Global FoodBanking Network's study reports that food banks are crucial, serving 3.49 million school-age children across 30 countries. Before the pandemic, 73 million vulnerable children were not receiving school meals. Kellogg is a founding partner of GFN and emphasizes the need for government and private sector investment in school-based feeding programs to combat childhood hunger. Successful models exist, like FoodForward South Africa, which serves thousands of children daily.

Kellogg Company is launching a new collection of spicy crisps called Pringles Scorchin', featuring three flavors: Cheddar, BBQ, and Chili & Lime. Each flavor combines familiar tastes with an added kick of heat, aiming to attract heat-loving snack fans. The new lineup will retail for $1.99 for a 5.5oz can and will see a limited retail release starting in December 2020, with full availability planned for 2021.

Kellogg's Crackers, including Town House, Club, Toasteds, and Carr's, is simplifying holiday celebrations by offering curated DIY meat and cheese platter recipes. These recipes promote easy preparation for gatherings amid a different holiday season. Zach Wyer, Director of Brand Marketing, emphasizes the convenience of their products. Kristin Chenoweth is collaborating with Kellogg's to inspire festive creativity with simple platters. From November 9, fans can find Chenoweth's recipes on her social media and on Kellogg's Family Rewards website as they gear up for the holiday season.

Kellogg Company (NYSE: K) reported its 2020 third quarter earnings on October 29, 2020. The financial documents include the press release, GAAP reconciliations, and presentation slides, available on their website. A live webcast featuring CEO Steve Cahillane and CFO Amit Banati reviewing these results is scheduled for 9:30 AM EDT. The webcast will also be rebroadcast for 90 days. In 2019, Kellogg's net sales were approximately $13.6 billion, focusing on snacks and convenience foods.

The hunger crisis in America is worsening, with Feeding America reporting that 1 in 6 individuals could face hunger in 2020. Food banks are seeing a 60% increase in visitors, while donations have dropped to levels seen during the Great Recession. To combat this issue, Incogmeato by MorningStar Farms is donating $1 million worth of plant-based protein products to help fill the protein gap at food banks. The donation aims to raise awareness about this pressing issue and will be promoted through a social media competition involving their brand spokesanimals.

Kellogg Company has elected J. Michael Schlotman, former CFO of Kroger, to its Board of Directors effective immediately. Schlotman brings nearly 35 years of grocery industry experience, having served as CFO at Kroger for 19 years. Kellogg's CEO Steve Cahillane expressed optimism about Schlotman's financial expertise and knowledge of the food industry, noting its potential value to Kellogg. In 2019, Kellogg reported approximately $13.6 billion in net sales, primarily from snacks and convenience foods.

Kellogg Company (NYSE: K) declared a regular dividend of $0.57 per share on October 23, 2020, with payment scheduled for December 15, 2020. Shareowners on record by December 1, 2020, are eligible, and the ex-dividend date is November 30, 2020. This marks the 384th dividend payment since 1925, reflecting Kellogg's commitment to return value to shareholders. In 2019, Kellogg's net sales reached approximately $13.6 billion, primarily from snacks and convenience foods.

Kellogg Company has reaffirmed its commitment to equity and inclusion by sponsoring GLAAD's Spirit Day on October 15. The company has donated $75,000 to support this anti-bullying campaign, which advocates for LGBTQ youth. Kellogg brands, including Frosted Flakes, Pringles, and MorningStar Farms, will participate in the day by 'going purple' on social media. Kellogg's Vice President emphasized their support for LGBTQ employees and communities, aiming to foster a culture of inclusion.

Kellogg Company sponsored a summer internship for a student, Mary Jane Builes, at Share Our Strength as part of the Emerson National Hunger Program. This fellowship aimed to raise awareness about childhood hunger through hands-on experience. Builes engaged in various activities, including staff surveys and policy discussions. She described the importance of understanding food accessibility, especially during the pandemic. Kellogg, committed to fighting hunger and improving communities, highlighted their mission to create 'Better Days' for 3 billion people by 2030.