Kellanova Stock Price, News & Analysis

Kellogg Company has announced the launch of Kellogg's SMORZ Jumbo Snax, transforming the popular cereal into a snack just in time for National Snack Day on March 4. This new product is part of the Kellogg's Jumbo Snax lineup, which includes iconic cereals like Froot Loops and Corn Pops. Additionally, fans are invited to guess the next cereal to be 'jumbo-fied.' Kellogg's aims to expand cereal consumption beyond breakfast, appealing to snack lovers.

Kellogg Company announces the launch of Cheez-It Loaded Popcorn, a new snack crafted with 100% real cheese, available for a limited time starting February 2021. The product comes in two flavors: Cheez-It Loaded Cheddar Popcorn and Cheez-It Loaded White Cheddar Popcorn, both aiming to enhance movie night experiences. Senior Director of Marketing, Jeff Delonis, emphasizes the innovation behind this product, while actor Jesse Metcalfe endorses it as a perfect movie snack. The offering is part of Kellogg’s strategy to diversify its snack portfolio.

Kellogg Company (NYSE: K) has been recognized by Ethisphere as one of the World's Most Ethical Companies for 2021, marking its 13th inclusion since 2007. Among 135 honorees across 22 countries and 47 industries, Kellogg is one of only seven in the Food, Beverage and Agriculture category. The recognition underscores Kellogg's commitment to ethical practices and corporate integrity, particularly during challenging times. With net sales of approximately $13.8 billion in 2020, Kellogg continues to promote its ethical values and community impact.

Incogmeato by MorningStar Farms introduces a new plant-based alternative for meat-lovers during Lent. The product mimics the taste and texture of meat, offering various options such as burger patties and chik'n nuggets. To encourage consumers to try the product, Incogmeato is hosting a nationwide giveaway of free samples from February 19 through March 5. This initiative allows customers to substitute meat while still enjoying their favorite meals. The products are available at retailers including Walmart and Albertsons.

Kellogg Company (NYSE: K) announced its 2020 fourth quarter earnings, available on its investor site. The report includes GAAP reconciliations and financial highlights. The company will host a live webcast presentation led by CEO Steve Cahillane and CFO Amit Banati, reviewing the financial results on February 11, 2021, from 9:30 AM to 10:30 AM EST. In 2020, Kellogg's net sales reached approximately $13.8 billion, focusing on snacks and convenience foods.

Kellogg Company (NYSE: K) has declared a $0.57 per share dividend for the first quarter, payable on March 15, 2021, to shareholders of record by March 2, 2021. The ex-dividend date is March 1, 2021. This marks the 385th dividend paid since 1925. Additionally, Kellogg plans to increase the dividend to $0.58 per share starting in the second quarter of 2021. For 2020, Kellogg reported net sales of approximately $13.8 billion, focusing on snacks and convenience foods.

Kellogg Company (NYSE: K) announced a collaboration with Future Food-Tech to launch an Innovation Challenge focused on plant-based ideas supporting digestive wellness. The competition invites startups to pitch microbiome-based solutions, with a submission deadline of February 5, 2021. Finalists will present their ideas at a virtual event on March 11-12, 2021. D'Anne Hayman, Kellogg's VP of Global Innovation, and Simon Burton from eighteen94 Capital will judge the entries. This initiative aligns with Kellogg's commitment to wellness and its goal of positively impacting 3 billion lives by 2030.