K - Kellogg approves new $1.5B buyback program
- Kellogg Company ( NYSE: K ) has approved a share repurchase authorization of up to $1.5B, effective from January 1, 2023, until December 31, 2025.
- The company's prior buyback program worth $1.5B will expire on December 31, 2022.
- Shares marginally up during premarket session.
- Looking at the stock for a period of one year, K surged ~17% .
- A quick look at the company's ownership structure:
- Also read: Kellogg: A Great Or Not-So-Great Buy?
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Kellogg approves new $1.5B buyback program