FAQs
Fourth quarter standalone adjusted net sales were $651, million a 2.7% decline year-over-year. The decline in net sales performance in the fourth quarter was due to price elasticities and lower promotional spend. For the fourth quarter, price/mix increased 7.5% and volume was down 10.1%.
Is Kellogg stock a buy or sell? ›
Is Kellogg stock a Buy, Sell or Hold? Kellogg stock has received a consensus rating of hold. The average rating score is and is based on 8 buy ratings, 28 hold ratings, and 6 sell ratings.
How is Kellogg's doing financially? ›
WK Kellogg Co net income for the year ended Dec. 30, 2023, was $110 million, equal to $1.28 per share on the common stock, and an improvement over fiscal 2022 when the company recorded a loss of $25 million. Annual sales were $2.76 billion, up from $2.70 billion the year before.
What was Kellogg's q4 earnings? ›
(RTTNews) - WK Kellogg Co. (KLG) reported Tuesday net income for the fourth quarter of $15 million or $0.18 per share, compared to a net loss of $152 million or $1.77 per share in the prior-year quarter. Net sales for the quarter declined to $651 million from $676 million in the same quarter last year.
What is the future of Kellogg stock? ›
KLG Stock 12 Month Forecast
Based on 6 Wall Street analysts offering 12 month price targets for WK Kellogg Co in the last 3 months. The average price target is $15.17 with a high forecast of $22.00 and a low forecast of $11.00.
Who owns Kellogg stock? ›
The ownership structure of WK Kellogg Co (KLG) stock is a mix of institutional, retail and individual investors. Approximately 30.53% of the company's stock is owned by Institutional Investors, 0.82% is owned by Insiders and 68.65% is owned by Public Companies and Individual Investors.
What was the outcome of Kellogg's experiment? ›
The results from the Kelloggs' study was published in 1933, entitled The Ape and the Child. The study concluded that 'there are definite limits to the degree of humanization that can be achieved by non-human species regardless of the amount of socializing and humanizing effects'.
What did Kellogg's do to their workers? ›
In 2018, 187 workers were laid off at the Battle Creek plant, with work being shifted to Canada and other US plants. About two years earlier, over 30 workers were laid off from the plant, with work outsourced to India, according to approved Trade Adjustment Assistance petitions. “It's like a death of 1,000 cuts.
What was the controversy with Kellogg's? ›
The controversy began after Kellogg's CEO Gary Pilnick told CNBC that the Michigan-based company planned to target families struggling to afford groceries, saying they should eat cereal for dinner. CNBC host Carl Quintilla questioned Pilnick about the plan.
What did the Kellogg Pact do? ›
The Kellogg-Briand Pact was an agreement among nations that they would not use war as a foreign policy tool and would solve their differences peacefully.
