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Home > Fortune 500 Companies > Kellogg Co.
Kellogg Co.
Kellogg Co is a publicly traded company having a good stock performance result. Kellogg Co is a fortune 500 stock listed company trading under K. Since 1906, people have come to know Kellogg as a company they can rely on for great-tasting, high-quality foods. With 2005 sales in excess of 10 billion dollars, Kellogg Company is the world’s leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, and meat alternatives.
In 2005, generated 769 million dollars of cash including contributions to benefit plans of approximately 400 million dollars, which was approximately 200 million dollars more than in 2004. This amount of cash flow provides Kellogg Co with significant financial flexibility.
As a result in 2005, Kellogg Co increased the dividend for the first time in four years and increased the share repurchase program. In fact, repurchased 664 million dollars of shares in 2005 and have a 650 million dollars repurchase authorization for 2006.
As of December 31, 2005, the carrying value of intangible assets totaled approximately 4.9 billion dollars of which 3.5 billion dollars was goodwill and 1.4 billion dollars represented trademarks, trade names, and other acquired intangibles compared to total assets of 10.6 billion dollars and shareholders’ equity of 2.3 billion dollars.
For the year ended December 31, 2005, the Company reported diluted net earnings per share of 2.36 dollars, a 10 percent increase over fiscal 2004 results. Consolidated in net sales grew approximately 6 percent operating profit increased 4 percent, and net earnings were up 10 percent. For 2005, net cash provided from operating activities was 1,143.3 million dollars and included nearly 200 million dollars of incremental benefit plan funding, as compared to the 2004 amount of 1,229.0 million dollars.
Kellogg Co has an excellent success over the last five years and this has been reflected in share price. The total return to investors since the end of 2000 has been approximately 90 percent or a 14 percent compound annual growth rate, significantly greater than the industry’s four percent compound annual growth rate. The Company’s total return in 2005 of negative one percent was dramatically greater than the average return of the entire industry measured by the S & P Packaged Food index, which declined by eight percent. So, the total return, again, far exceeded the industry average.
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