Kellogg's cereal business begins trading as standalone company WK Kellogg

WK Kellogg, a spinoff of Kellogg's cereal business, began trading on the New York Stock Exchange.

As part of the separation, Kellogg has been renamed Kellanova but is still trading under the ticker "K." Shareholders received one share of WK Kellogg for every four shares of Kellogg they owned as of Sept. 21.Kellogg's Corn Flakes owned by Kellogg Company is seen for sale in a store in Queens, New York City, U.S., February 7, 2022.Kellogg's cereal business began trading on the New York Stock Exchange at $13.80 per share as WK Kellogg after spinning off from its parent company on Monday morning..

Shareholders received one share of WK Kellogg for every four shares of Kellogg they owned as of Sept. 21.the planned separation in June 2022. Cereal sales have stagnated as consumers choose from a wider variety of options for breakfast and prioritize convenience. At the same time, snacking is growing more popular as more consumers graze between meals, although theKellogg had originally envisioned three separate companies, sectioning off its cereal, snacking and plant-based brands into their own entities. But consumers' and investors' interest in the plant-based category waned, leading Kellogg to say in February that those brands would be part of Kellanova.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Kellogg's cereal business begins trading as standalone company W.K. KelloggAs part of the separation, Kellogg has been renamed Kellanova but is still trading under the ticker “K.”
منبع: NBCLA - 🏆 319. / 59 ادامه مطلب »

Stocks of both former-Kellogg Kellanova, and new WK Kellogg fall on first day after separation completedKellanova formerly known as Kellogg Co., didn’t receive a warm reception on the first day as a snacks, frozen foods and international cereals company, and...
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boomKellogg, J.M. Smucker and other food companies are making big bets on snacking, but the rise of Wegovy and Ozempic could pose a threat to future sales growth.
منبع: NBCLA - 🏆 319. / 59 ادامه مطلب »