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Stock Market & Financial Investment News

News Breaks
July 15, 2014
05:43 EDTKKellogg downgraded to Sell from Neutral at Goldman
Goldman Sachs downgraded Kellogg to Sell on expectations the company's sales will miss expectations and its full year guidance could be cut when the company reports on July 31. Goldman thinks sales weakness is wiping out benefits from cost-savings and it lowered its price target for shares to $59 from $64.
News For K From The Last 14 Days
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March 3, 2015
09:47 EDTKSpeculation about Kellogg sparked by Buffett comment, Bloomberg says
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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.

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