BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Kellogg pulls crackers as peanut butter recall hits manufacturers]]>http://www.bloggingstocks.com/2009/01/15/kellogg-pulls-crackers-as-peanut-butter-recall-hits-manufacturer/http://www.bloggingstocks.com/2009/01/15/kellogg-pulls-crackers-as-peanut-butter-recall-hits-manufacturer/http://www.bloggingstocks.com/2009/01/15/kellogg-pulls-crackers-as-peanut-butter-recall-hits-manufacturer/#commentsFiled under: , , ,

When I wrote yesterday about the recall of peanut butter due to salmonella poisoning (which is now considered possibly responsible for five adults' deaths), I worried that the "complex" and "widespread" description of the outbreak by the CDC could mean that, not only was the institutional peanut butter spread to thousands of school and corporate cafeterias, but also, the peanut butter might be in other products. Today's move by Kellogg (NYSE: K) to voluntarily pull Keebler and Austin peanut butter crackers off retailers' shelves says to me that we could have no idea how "complex" and "widespread" this disease might be. Kellogg will be investigating to see if its products include tainted peanut butter.

Kellogg products included in the investigation include peanut butter sandwich crackers, peanut butter and jelly sandwich crackers, cheese and peanut butter sandwich crackers, and peanut butter-chocolate sandwich crackers. Kellogg stock was down about 60 cents on the news, to $42.07 as of 1 p.m.

'Green' moms are calling the move by Kellogg a good one; but, as it's only removing items from shelves and not a recall (and is only one company when it could be many more which are affected by the tainted peanut butter), perhaps it doesn't go far enough. Part of the complication: Austin peanut butter crackers are sold in vending machines and small, independent convenience stores, among other places, making their removal fraught with mechanical and communication problems. And my money says more companies will soon follow suit and pull peanut butter off the market.

Kellogg pulls crackers as peanut butter recall hits manufacturers originally appeared on BloggingStocks on Thu, 15 Jan 2009 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>austinkkeeblerkelloggpeanut butterPeanutButterPeanutButterRecallrecallrecallsThu, 15 Jan 2009 15:00:00 EST<![CDATA[Kellogg's earnings: They're (kind of) grrreat!]]>http://www.bloggingstocks.com/2007/10/29/kelloggs-earnings-theyre-kind-of-grrreat/http://www.bloggingstocks.com/2007/10/29/kelloggs-earnings-theyre-kind-of-grrreat/http://www.bloggingstocks.com/2007/10/29/kelloggs-earnings-theyre-kind-of-grrreat/#commentsFiled under: , , , ,

Leading cereal company Kellogg Co. (NYSE: K) said Monday that third-quarter earnings rose 9%, thanks in large part to rising international sales. In its latest reporting period, the maker of Frosted Flakes, Nutri-Grain bars, Cheez-It crackers and Keebler cookies and crackers banked $305 million, or 76 cents per share, up from year-ago results of $281 million (70 cents per share). Analysts were expecting the firm to earn 73 cents per share.

Revenue jumped 6% during the quarter to $3 billion, edging past analysts' revenue target of $2.99 billion. Net sales in North America were up 3% as consumers scooped up frozen foods and specialty items. Cereal sales were unchanged amid higher-than-normal inventories. International net sales jumped 5%, with trends especially strong in the Latin-American region.

This positive earnings surprise transpired despite a backdrop of rising wheat, corn, dairy, and fuel prices that have challenged the food industry and spurred a broad price hike. In response, K has increased its prices by 1.8% for the 12 weeks ended October 6, compared with a 3.2% year-over-year price lift as of October 6.

Continue reading Kellogg's earnings: They're (kind of) grrreat!

Kellogg's earnings: They're (kind of) grrreat! originally appeared on BloggingStocks on Mon, 29 Oct 2007 11:58:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>cerealearningsfood industryFoodIndustryinthenewsKKeeblerKellogg Co.KelloggCo.Mon, 29 Oct 2007 11:58:00 EST<![CDATA[Cramer: Treehouse Foods is LBO fund in disguise]]>http://www.bloggingstocks.com/2006/11/20/cramer-treehouse-foods-is-lbo-fund-in-disguise/http://www.bloggingstocks.com/2006/11/20/cramer-treehouse-foods-is-lbo-fund-in-disguise/http://www.bloggingstocks.com/2006/11/20/cramer-treehouse-foods-is-lbo-fund-in-disguise/#commentsFiled under: , , ,

picklesWhere are people making money? According to Jim Cramer on tonight's MAD MONEY, it's in the LBO market. He noted that KKR is actually down in Netherlands since coming public. If you're going to make some money, you'll need to get close to an LBO, and tonight Cramer recommended a private label food company called TreeHouse Foods Inc. (NYSE:THS) as a great play in LBOs. The company is, among other things, the leading supplier of private-label pickles and non-dairy powdered creamer in the U.S.

The soup and baby food units and others are helping it. The company is not just a food company, it's a leveraged buyout play. The owners have done this before with Keebler by flipping it to Kellogg Company (NYSE:K). He thinks THS is worth betting on. The food business is slow and non-growth in general, but this company is an acquisition company and it is growing earnings with select acquisitions.

He has profiled THS before, but the company has grown since. Now it has a high enough share price to go out and make deals -- so he would be a buyer of THS right now even at the 52-week high.

THS has a $18.33 to $30.50 52-week trading range. THS closed up 1.5% at $30.64, a new 52-week high and above the old high noted from Friday; it traded up another 4% to $32.00 after Cramer touted this stock.

Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers. [Photo Stefan Powell]

Cramer: Treehouse Foods is LBO fund in disguise originally appeared on BloggingStocks on Mon, 20 Nov 2006 18:41:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>baby foodBabyFoodcramerfoodgenericgeneric foodGenericFoodjim cramerJimCramerkeeblerkelloggprivate labelprivate label foodPrivateLabelPrivateLabelFoodsoupthstreehousetreehouse foodsTreehouseFoodsMon, 20 Nov 2006 18:41:00 EST