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Kellogg Co (K)

K on New York Consolidated

72.66USD
28 Mar 2017
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$0.10 (+0.14%)
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Latest Key Developments (Source: Significant Developments)

Kellogg's Cheez-It and Pringles announce multi-year partnership with Major League Soccer
Thursday, 2 Mar 2017 09:01am EST 

Kellogg Co :Says Cheez-It and Pringles officially announced a multi-year partnership with Major League Soccer.  Full Article

Kellogg Company declares regular dividend of $0.52 per share
Friday, 17 Feb 2017 01:51pm EST 

Kellogg Co :Kellogg Company declares regular dividend of $0.52 per share.  Full Article

Kellogg Company qtrly comparable EPS $0.92
Thursday, 9 Feb 2017 08:00am EST 

Kellogg Co : Kellogg company reports 2016 fourth quarter and full-year financial results . Kellogg co - qtrly loss per share $0.15 . Kellogg co - qtrly comparable earnings per share $0.92 . Q4 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Kellogg co - q4 u.s. Morning foods net sales $704 million versus $712 million . Kellogg co - q4 u.s. Snacks net sales $767 million versus $750 million . Qtrly reported net sales $3.10 billion versus $3.14 billion . Q4 earnings per share view $0.85, revenue view $3.08 billion -- Thomson Reuters I/B/E/S . Q4 revenue view $3.08 billion -- Thomson Reuters I/B/E/S . Kellogg co - currency-neutral comparable net sales are expected to decline by about 2% in 2017 . Kellogg co - exit from dsd is expected to be neutral to operating profit in 2017 . Sees 2017 eps on a currency-neutral comparable basis of $4.03-$4.09 . Kellogg co - transition from dsd will be primarily executed during q2 and a3, encompassing a reduction in workforce . Kellogg co - including impact of currency translation, comparable-basis earnings per share are expected to be $3.91-3.97 in 2017 . Kellogg says anticipates reduction in net sales in u.s. Snacks in 2017, owing to initial volume disruption, impact of reducing stock-keeping units . Kellogg - transition from dsd will contribute to expanded project k program whose savings now extend through 2019 . 2017 cash from operating activities should be approximately $1.6-1.7 billion.  Full Article

Kellogg Co will begin to exit its direct store delivery network in Q2
Wednesday, 8 Feb 2017 04:45pm EST 

Kellogg Co : Kellogg Co - will begin to exit its direct store delivery (dsd) network in Q2 . New model "will be transformational" for Kellogg, reducing complexity and cost structure . Kellogg Co - transition from DSD network will be complete in Q4 of 2017 . Kellogg Co - company is providing severance and benefits, as well as offering retention packages for impacted employees . Kellogg Co- moving to warehouse model will also allow company to reduce complexity and bring benefits to both retail partners and Kellogg . Initiative will be part of an expanded project K program . Company expects initiative to bring U.S. Snacks' operating profit margin in line with that of Kellogg North America . Kellogg Co - "after a transition period, company expects this initiative to contribute to accelerating its top-line growth over time" .Kellogg - transitioning dsd-distributed portion of co's U.S. Snacks business to warehouse model used by pringles, rest of its north american business.  Full Article

Kellogg Co entered into an unsecured 364-day credit agreement dated as of January 31 - SEC Filing
Wednesday, 1 Feb 2017 05:12pm EST 

Kellogg Co : Kellogg Co- On Jan 31, 2017 Kellogg Company entered into an unsecured 364-day credit agreement dated as of January 31, 2017 - SEC Filing .Kellogg Co says new credit facility allows borrower, to borrow, on a revolving credit basis up to $800 million at any time outstanding - SEC Filing.  Full Article

Kellogg company names Fareed Khan as chief financial officer
Friday, 13 Jan 2017 09:00am EST 

Kellogg Co - : Kellogg company names Fareed Khan as chief financial officer . Kellogg company names Fareed Khan as chief financial officer . Kellogg co says Khan will succeed current CFO Ron Dissinger, who will remain with company in 2017 to ensure an orderly transition .Khan joins Kellogg from US Foods Holding Corp where he has held CFO position since 2013.  Full Article

kellogg Company's venture capital fund, today announced it led a $4.25 mln series A funding of Kuli Kuli
Wednesday, 11 Jan 2017 09:00am EST 

Kellogg Co :Kellogg Company's venture capital fund, today announced it led a $4.25 million series A funding of Kuli Kuli.  Full Article

Kellogg - Ron Dissinger to serve in his CFO role to ensure an orderly transition
Monday, 19 Dec 2016 05:41pm EST 

Kellogg Co : Kellogg co says Dissinger is expected to remain at the company in 2017 to ensure an orderly transition .Kellogg - Ron Dissinger will continue to serve in his role as CFO and principal financial officer until his successor is in place, which is expected to occur in early 2017.  Full Article

Kellogg CFO on conf call- curbing share buybacks in Q4 to fund Parati stake acquisition in Brazil
Tuesday, 1 Nov 2016 10:32am EDT 

Kellogg Co : Presentation slides - expects 2018 adjusted net sales in n. America and europe to remain flat at constant currency . Presentation slides - expects 2018 adjusted net sales in Latin America and Asia Pacific to grow in low-single digits at constant currency . Presentation slides - expects 2018 adjusted net sales to remain flat, operating margin to grow about 18 percent at constant currency . CFO- curbing share buybacks in Q4 to fund Parati stake acquisition in Brazil . CFO- expect 2017 operating margin to grow 16-17 percent . N. America head- disappointed with results of U.S. Frozen foods, canada, and Kashi in Q3 . N. America head- will remove artificials from all of our waffles in the first quarter . Uk cereal makes up just over 20% of Europe sales, underperformed in Special K, sluggish economy and difficult retail environment resulted in price deflation . Hitting top end of 2016 zero-based budgeting savings target of $150 million $180 million Further company coverage: [K.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Kellogg Co to acquire Ritmo Investimentos for R$1.38 bln, or roughly US$429 mln
Thursday, 13 Oct 2016 06:30am EDT 

Kellogg Co : Kellogg Company enters into agreement to acquire Ritmo Investimentos, controlling shareholder of iconic Brazilian food company Parati . Kellogg Co - purchase price is R$1.38 billion, or roughly US$429 million . Kellogg Co - deal will be an all-cash transaction. . Kellogg Co - Kellogg intends to reduce its expected share repurchases in 2016 to $450-550 million, versus previous guidance of $700-750 million. . Kellogg Co - acquisition is expected to be accretive on both comparable and reported EPS in 2018 and thereafter . Kellogg Co - in 2016 and 2017, deal is expected to be neutral to comparable-basis EPS .Says Parati Group net sales are expected to be about R$600 million or about $190 million.  Full Article

More From Around the Web

BRIEF-Kellogg's Cheez-It and Pringles announce multi-year partnership with Major League Soccer

* Says Cheez-It and Pringles officially announced a multi-year partnership with Major League Soccer Source text for Eikon: Further company coverage: