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Stock Market & Financial Investment News

News Breaks
February 5, 2013
09:32 EDTKKellogg 2013 guidance exceeded expectations, says Citigroup
Citigroup notes that Kellogg's 2013 EPS guidance, which takes into account an accounting change, is $3.82 to $3.91, above the consensus of $3.69. Citi notes that some estimates making up the consensus contained the accounting change, and some did not. However, the firm thinks Kellogg's guidance on a comparable basis exceeded expectations, and should drive consensus estimates higher. As such, Citi expects the outlook to be viewed positively.
News For K From The Last 14 Days
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February 18, 2015
09:14 EDTKKellogg says goal is to drive business into sustainable top line growth
Management stated that FY15 guidance is "pragmatic" and a step in the direction of growth. The company expects to return to growth in FY16 and beyond. Chief Growth Officer Paul Norman says the company needs to follow consumer trends and that the company needs to adapt to wellness trends. CFO Ron Dissinger stated that there is no change in the guidance provided last week and that Project K remains on track. Project K investments include innovation and renovation of food and packaging, geographic expansion, as well as channel expansion and growth. The company is aware that some consumers are looking for gluten-free options and the company has gluten-free products in its portfolio. Comments made during 2015 CAGNY Conference presentation.
February 17, 2015
07:15 EDTKConsumer Analyst Group of New York (CAGNY) to hold a conference
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February 13, 2015
10:00 EDTKOn The Fly: Analyst Downgrade Summary
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07:17 EDTKKellogg downgraded to Sell from Hold at Societe Generale
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