DIRS.INFO The most relevant business & tech news

☆ Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
▼ + stars: | 2024-11-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Cheerios cereal and Betty Crocker cake mix maker General Mills fell more than 2%, as did Conagra Brands , the company behind Reddi-wip. Frozen potato supplier Lamb Weston , whose french fries are sold in chains including McDonald's and Chick-fil-A, dropped more than 6%. Traders are wary that Kennedy's "Make America Healthy Again" focus will result in increased scrutiny of companies behind some of the best-known snack, packaged food and soft-drink brands. The stock bucked the trend with an advance on Friday, but finished down more than 4% on the week.

Persons: Donald Trump, Robert F, Kennedy, Betty Crocker, Mills, Reddi, Campbell, Kraft Heinz, Oscar Mayer, Lamb Weston, it's, WK Kellogg Organizations: Soda titans PepsiCo, Coca, Brands, Trump, Health, Human Services Department, Food and Drug Administration, Centers for Disease Control, Capitol, Senate, National Institutes of Health, Traders, NBC, WK Kellogg Co Locations: Canada

☆ I'm always trying to save money, and I found a strategy that doesn't cost me joy
▼ + stars: | 2024-06-05 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +4 min

I've decided to buy only things that are on sale this year, and it's saving me money. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Many people are looking for long-term ways to save money and increase their financial stability. I've been reviewing how I spend money and looking for ways to save or spend smarter. You could stop spending entirely — no movies, meals out, or new clothes — and upend your life to save money.

Persons: I've, —, Gary Pilnick, Kellogg, that's, I'm, haven't Organizations: Service, Costco

☆ Here are 3 dividend stocks that could offer passive income, fund managers say
▼ + stars: | 2024-04-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In a market where finding reliable passive income streams can be challenging, two fund managers have shared their insights on dividend stocks that could offer attractive yields and growth potential. Broadcom One such stock Burdett highlighted is Broadcom , a semiconductor and software company. Orange Another stock Burdett finds compelling is Orange SA , a French telecommunications company with a current dividend yield of 6.8%. ORA-FR 1Y line While the stock price has remained relatively unchanged this year, Wall Street expects it to rise by 25% to 13.25 euros. The spun-off cereal business of Kellogg Company, now known as Kellanova .

Persons: Matt Burdett, Burdett, Thornburg, MASMOVIL, ORA, WK Kellogg Brian Leonard, Keeley Teton, Leonard, Leonard citied WK Kellogg, Mills, WK Kellogg Organizations: Thornburg Investment, Broadcom, CA Technologies, VMware, Wall, Orange, Burdett, Orange SA, CNBC Pro, Leonard citied WK Kellogg Co, Kellogg Company Locations: Burdett, United States, French, U.S, Orange, France

☆ WK Kellogg CEO Gary Pilnick: 'Cereal for dinner' is trending for consumers under price pressure
▼ + stars: | 2024-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWK Kellogg CEO Gary Pilnick: 'Cereal for dinner' is trending for consumers under price pressureGary Pilnick, WK Kellogg co-chairman and CEO, joins 'Squawk on the Street' to discuss the consumer share of income spent on food, what's landing well with the consumer, and Pilnick's conversations with clients like Walmart and Target.

Persons: WK Kellogg, Gary Pilnick Organizations: WK, Walmart, Target

☆ Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Segar/ File photo Acquire Licensing RightsNov 8 (Reuters) - WK Kellogg Co (KLG.N), the recently spun-off North American cereal business of Kellanova (K.N), beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices. Home to cereal brands including Kellogg's, Froot Loops and Rice Krispies, WK Kellogg reported sales of $692 million for the quarter ended Sept. 30, compared with analysts' expectations of $666.3 million, according to LSEG data. The company also forecast full-year 2023 adjusted sales in the range of $2.72 billion to $2.74 billion, slightly ahead of its prior guidance. Kellanova, formerly called Kellogg, also posted better-than-expected quarterly net sales of $3.94 billion. Reporting by Juby Babu in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, WK Kellogg, Rice, Kellogg, Juby Babu, Devika Organizations: Kellogg Company, REUTERS, Wall, Thomson Locations: New York, U.S, Bengaluru

☆ Kellogg's cereal business begins trading as stand-alone company WK Kellogg
▼ + stars: | 2023-10-02 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Kellogg's cereal business began trading on the New York Stock Exchange at $13.80 per share as "WK Kellogg Co" after spinning off from its parent company on Monday morning. It now houses snacking brands like Pringles and Cheez-It and its North American frozen food unit, which includes Morningstar Farms. Kellanova is trading under Kellogg's ticker "K," while WK Kellogg is under the ticker "KLG." Shares of Kellanova were down roughly 3% in morning trading, and WK Kellogg's stock fell 5%. Shareholders received one share of WK Kellogg for every four shares of Kellogg they owned as of Sept. 21.

Persons: WK Kellogg, Kellogg Organizations: Kellogg Company, New York Stock Exchange, Morningstar, Kellogg Locations: Queens , New York City, U.S, Kellanova

Kellogg's cold cereal products are pictured in a market after Kellogg Company announced it would split. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - Shares of Kellanova (K.N) fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Company (KLG.N). Under the separation agreement, Kellanova shareholders received one share of WK Kellogg common stock for every four shares of Kellanova stock held as of September 21, a statement said. Kellanova shares fell to as low as $51.83, down 7.2%, after opening at $55.70, while WK Kellogg Company dropped by more than 11% and was last at $13.79. Kellanova will retain its place on the benchmark S&P 500 (.SPX) index, while WK Kellogg shares will join the S&P SmallCap 600 index (.SPCY) on Tuesday, before market open.

Persons: Mike Segar, WK Kellogg, Kellanova, Michael Ashley Schulman, Rice, Piper Sandler, Research's Arun Sundaram, Chibuike Oguh, Lance Tupper, Christina Fincher Organizations: Kellogg Company, REUTERS, WK Kellogg Company, WK Kellogg, New York Stock Exchange, Running, Capital Advisors, MorningStar, Jefferies, Thomson Locations: New York, U.S, Kellanova, California, American, Bengaluru

☆ Kellogg has a new name for its snack spinoff: 'Kellanova'
▼ + stars: | 2023-03-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Kellogg has picked a name for its new spinoff companies. As for “WK Kellogg Co.,” well, that’s a little more straight forward because its named after company founder William Keith Kellogg. Employees helped decide the names, Kellogg (K) said. Kellogg (K)” and others that included a variation of the word “nova.”Despite the silly sounding results, landing on a spinoff name is harder than it looks. Kellanova is using the NYSE ticker symbol “K,” while ticker and exchange information about “WK Kellogg Co.” will be announced in the coming months.

☆ Kellogg's snacking unit, which includes Cheez-It and Pringles, gets a new name: Kellanova
▼ + stars: | 2023-03-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Kellogg brand Cheez-it crackers arranged at a supermarket in Dobbs Ferry, New York, US, on Wednesday, June 22, 2022. Kellogg Co. said it will split into three independent companies, sparking a rally in the food conglomerates shares. Kellogg on Wednesday revealed it will name its snacking unit Kellanova as part of its plan to separate into two independent public companies. Kellanova, which will include brands like Pringles and Cheez-Its, will retain the "K" stock ticker currently used by the food giant. The North American cereal unit will be renamed WK Kellogg Co.

☆ Kellogg is giving its Pringles and Cheez-It business a new name with classical Latin twist. It's the latest company name to incorporate the 'dead' language.
▼ + stars: | 2023-03-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Kellogg is renaming its snack business "Kellanova" — a combo of Kellogg and a Latin word for "new." Kellogg is naming its snacking division "Kellanova," the latest step in breaking up the company, it said on Wednesday. The name draws inspiration from the Kellogg name and a common Latin word, Kellogg CEO Steve Cahillane said in a statement. Etsy and Mondelez are among other companies with Latin namesKellanova is hardly the first company rebrand to draw inspiration from Latin. Before that, cigarette maker Philip Morris said it would change its name to "Altria" in an allusion to the Latin word for "high," the Journal reported in 2001.

Search resuls for: "WK Kellogg Co"

10 mentions found