Kellanova Stock Price, News & Analysis

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.

Nutri-Grain, a product of Kellogg Company, is launching a campaign to support K-12 teachers by providing 1 million bars. This initiative, named 'Got Your Back', aims to ease the financial burden on educators who spend an average of $300 annually on student snacks. Teachers can apply for a bin containing over 400 Nutri-Grain bars and a special blue bin, available until supplies last. Additionally, participants are entered to win one of four $300 gift cards for further supplies.

Kellogg introduces a new holiday breakfast product, Kellogg's The Elf on the Shelf Vanilla Candy Cane Cookie Cereal, featuring festive flavors and designs. The limited-edition cereal includes red star pieces, mini marshmallows, and peppermint flavor, priced at $5.69 for a 12.2-ounce box. This product joins the returning Kellogg's The Elf on the Shelf Sugar Cookie Cereal, available for $3.99 for an 8.1-ounce box. Both cereals aim to create family holiday traditions and are available at Walmart and other retailers. Kellogg's net sales were approximately $13.6 billion in 2019.

Kellogg Company (NYSE: K) will announce its third quarter financial results on October 29, 2020, at 8:00 AM EDT. A public webcast featuring CEO Steve Cahillane and CFO Amit Banati will follow at 9:30 AM EDT, including a Q&A session for analysts and investors. Documents such as the press release and financial tables will be accessible on Kellogg's investor website. A rebroadcast of the webcast will be available later in the day.

Kellogg's Frosted Mini-Wheats has launched its first board game titled Morning Craze, inspired by humorous stories from families. The game encourages families to gather and enjoy breakfast while tackling the comedic consequences of skipping meals. Brand manager Daya Pillai emphasizes the game’s connection to family fun amid busy mornings, highlighting the nutritional benefits of Frosted Mini-Wheats. The campaign invites fans to share their 'growl stories' for a chance to win the game and cereal. Kellogg Company reported net sales of approximately $13.6 billion in 2019, focusing significantly on snacks and convenience foods.

Kellogg Company announced a reduction in food loss and organic waste, achieving a 13.4% decrease since 2016. In 2019, only 1.1% of food handled went unused, with surplus provided to food banks. The company emphasizes its commitment to reducing waste across its supply chain and aims to help 3 billion people by 2030. Kellogg's initiatives include partnering with food banks, using imperfect produce in products, and improving production efficiency. The company also collaborates with global organizations to further reduce food waste.