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Kellanova - K STOCK NEWS

Welcome to our dedicated page for Kellanova news (Ticker: K), a resource for investors and traders seeking the latest updates and insights on Kellanova stock.

Kellanova (NYSE: K), formerly part of the Kellogg Company, is a global leader in the production and marketing of snacks and packaged foods. With a legacy stretching back over 100 years and annual sales surpassing $13 billion, Kellanova offers a diverse product portfolio that includes iconic brands like Pringles®, Cheez-It®, Pop-Tarts®, Eggo®, and MorningStar Farms®. As a powerhouse in the snacking industry, Kellanova's products are manufactured in around 20 countries and marketed in more than 180 countries worldwide.

Following its strategic split from the North American cereal business, Kellanova has focused on becoming a leader in salty snacks, snack bars, frozen breakfast items, meat alternatives, and other packaged foods. The company’s commitment to sustainability and equitable food access is embodied in its ambitious goal to create Better Days for 4 billion people by 2030.

Kellanova has recently made headlines with several notable initiatives. For instance, their brand Eggo® has partnered with the National Black Growers Council (NBGC) to support Black farmers through grants aimed at improving farming efficiency and productivity. This partnership aligns with Kellanova's mission of fostering sustainable and equitable food systems.

Moreover, the launch of the Eggo House of Pancakes in Gatlinburg, Tennessee, offers a unique vacation experience, reinforcing Eggo's brand while providing chaos-free mornings for guests. Not to be outdone, Hidden Valley Ranch and Cheez-It® have collaborated to introduce a new product, Cheezy Ranch, combining the rich flavors of ranch and cheese into a delectable dipping sauce.

In terms of financial performance, Kellanova has shown consistent growth, with net sales reaching $13 billion in 2023. The company continues to innovate and expand its product offerings while leveraging advanced AI technologies to optimize supply chain efficiencies, improve e-commerce search, and better understand consumer needs.

With a clear vision to become the world's best-performing snacks-led powerhouse, Kellanova is well-positioned for future growth. Under the leadership of Steve Cahillane, Chairman, President & CEO, and Amit Banati, Vice Chairman & CFO, the company remains committed to delivering value to its stakeholders while advancing sustainable and equitable food access globally.

For more detailed information, visit Kellanova's website and stay updated on their latest developments and financial results.

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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.

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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.

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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.

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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.

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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.

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Kellogg's Pringles brand is set to showcase its fourth Big Game advertisement titled "Space Return" on January 28, 2021. The ad promotes Flavor Stacking, humorously demonstrating the distractions it creates. Following a successful 2020 with a new brand look and the introduction of the Scorchin' line, the marketing campaign aims to engage viewers during the game, especially as many will be watching from home. The 30-second spot will air during the first quarter and will be complemented by a comprehensive marketing strategy.

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Kellogg's has launched its new Special K Keto-Friendly Snack Bars in two flavors: Chocolate Almond Fudge and Peanut Butter Fudge. These bars contain only 1g of sugar, 2g of net carbs, and 7g of protein, making them an appealing option for health-conscious snackers. To promote these bars, Kellogg's is running a giveaway from January 27 to February 3 in select cities, offering free deliveries. The bars will retail at $6.99 for a five-count box, available nationwide starting this January.

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Kellogg Company (NYSE: K) plans to webcast its presentation at the 2021 Consumer Analyst Group of New York Conference on February 17, 2021, at 8:00 am EST. Key executives, including Chairman and CEO Steve Cahillane and CFO Amit Banati, will present. Presentation slides will be available at investor.kelloggs.com starting at 7:00 am EST. The presentation video will also be accessible at the same URL. A replay of the Q&A session will be available on February 20.

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FAQ

What is the current stock price of Kellanova (K)?

The current stock price of Kellanova (K) is $80.5 as of December 20, 2024.

What is the market cap of Kellanova (K)?

The market cap of Kellanova (K) is approximately 27.7B.

What is Kellanova?

Kellanova is a global leader in the production and marketing of snacks and packaged foods, formerly part of the Kellogg Company.

What are some of the popular brands under Kellanova?

Popular brands include Pringles®, Cheez-It®, Pop-Tarts®, Eggo®, and MorningStar Farms®.

What recent initiatives has Kellanova undertaken?

Kellanova has partnered with the National Black Growers Council to support Black farmers and launched the Eggo House of Pancakes in Gatlinburg, Tennessee.

What is Kellanova's goal for 2030?

Kellanova aims to create Better Days for 4 billion people by 2030 through sustainable and equitable food access.

How does Kellanova leverage AI in its operations?

Kellanova uses AI to optimize supply chain efficiencies, improve e-commerce search, and better understand consumer needs.

What is the annual sales figure for Kellanova?

Kellanova's net sales reached $13 billion in 2023.

Where are Kellanova's products manufactured and marketed?

Kellanova's products are manufactured in around 20 countries and marketed in over 180 countries globally.

Who are the key executives at Kellanova?

Steve Cahillane serves as Chairman, President & CEO, and Amit Banati is the Vice Chairman & CFO.

Where can I find more information about Kellanova?

For more detailed information, visit Kellanova's website at https://www.kellanova.com.

What is the purpose of Kellanova?

Kellanova aims to create better days and ensure everyone has a seat at the table through its trusted food brands.

Kellanova

NYSE:K

K Rankings

K Stock Data

27.73B
341.88M
0.78%
82.68%
1.48%
Packaged Foods
Grain Mill Products
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United States of America
CHICAGO