Shares of Kellogg Company (NYSE:K) ended Friday session in red amid volatile trading. The shares closed down -0.24 points or -0.31% at $78.02 with 1.96 million shares getting traded. Post opening the session at $77.90, the shares hit an intraday low of $77.59 and an intraday high of $78.31 and the price vacillated in this range throughout the day. The company has a market cap of $26.98 billion and the numbers of outstanding shares have been calculated to be 350.26 million shares.
On Sept. 15, 2016 Ninety percent of tweens think they’re great, yet 40 percent often hold back on expressing what makes them great, according to a new survey commissioned by Kellogg’s Frosted Flakes®. Meanwhile, half of dads believe this holding back often keeps their tweens from having fun.
The survey also revealed:
- 70 percent of tweens wish they had more opportunities to share what makes them great with others, and 62 percent would be more likely to share what makes them great if they had more encouragement.
- 100 percent of tweens feel comfortable truly being themselves and sharing what makes them great at home.
- 81 percent of dads wish their tween had more opportunities to share what makes him/her great with others.
Frosted Flakes and Tony the Tiger have always stood for greatness and know there’s greatness in each of us. However, as this new data shows, kids heading back to school this year may need an extra push to share their greatness, and dads are looking for more ways to get involved, with 69 percent stating they wish they could connect more with their tweens.
That’s why Kellogg’s has teamed up with actor, host, dancer and funnyman Alfonso Ribeiro to launch the “Let Your Gr-r-reat Out” program, giving dads and tweens the extra boost they need to be true to themselves and proudly share with the world what makes them gr-r-reat.
“Greatness isn’t something you need to learn or earn – it already exists inside each and every one of us,” said Ribeiro. “Made a new friend at school? That’s greatness. Had the guts to try a new move on the dance floor or bang out a tune on the piano? That’s greatness. Everybody has it, but not everybody recognizes it. That’s why I’m partnering with Frosted Flakes and Tony the Tiger – to help dads and tweens appreciate and exude that greatness that they tend to be shy about.”
Shares of KapStone Paper and Packaging Corp. (NYSE:KS) ended Friday session in green amid volatile trading. The shares closed up +0.56 points or 3.13% at $18.43 with 1.92 million shares getting traded. Post opening the session at $18.87, the shares hit an intraday low of $18.19 and an intraday high of $19.10 and the price vacillated in this range throughout the day. The company has a market cap of $1.72 billion and the numbers of outstanding shares have been calculated to be 96.57 million shares.
KapStone Paper and Packaging Corp. (KS) on Sept. 7, 2016 announced it is making an investment in building a new state-of-the-art sheet plant in Ontario, California, as well as investing as a minority partner in a sheet feeder in Ontario, California. The new sheet plant is expected to be manufacturing boxes by January 2017 and is intended to primarily supply the Company’s Victory Packaging operations in Southern California as well as other KapStone customers. This venture, as well as another minority investment in a sheet feeder announced, are expected to increase KapStone’s vertical integration by over 60,000 tons per year and will ramp up to that level over eighteen months. Collectively, these investments are expected to be approximately $25 million and will be largely funded before fiscal year end 2016.
Roger Stone, Chairman and Chief Executive Officer of KapStone, said, “These investments are consistent with our strategy to increase the vertical integration of KapStone’s mills, reducing exposure to non-integrated end markets, and are in addition to the 20,000 to 25,000 tons per year vertical integration from the Central Florida Box acquisition. The Ontario, California, sheet plant will further extend our geographic reach to better service KapStone’s customers while internalizing the production of some of our Victory Packaging corrugated box demand.”