Kellogg to split into 3 companies

Seaport Securities founder Teddy Weisberg and Northwest Mutual Wealth Management chief investment strategist Brent Schutte debate the Fed’s interest rate plan on ‘The Claman Countdown.’

The three companies, which are being separated via tax-free spin-offs – include "Global Snacking Co.," "North America Cereal Co." and "Plant Co." The names of the companies will be determined at a later date. Nearly 60% of its net sales come from global snacks, less than a quarter come from cereal in international markets, approximately 10% come from noodles in Africa and less than 10% from frozen breakfast and the Eggo brand. would expand profit margins and is expected to be a higher-growth company than the current company, still under the leadership of CEO Steve Cahillane.

Kellogg's Corn Flakes owned by Kellogg Company is seen for sale at a store in Queens, New York City, U.S., February 7, 2022.

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