Kellogg Co. (NYSE: K) announced on Thursday that it would be recalling about 1.3 million cases of its Honey Smacks cereal because of the potential for Salmonella contamination. The U.S. Food & Drug Administration (FDA) is working with Kellogg to issue the recall after preliminary evidence linked the product to more than 60 illnesses.
According to the FDA, the agency asked Kellogg to request that all retailers of the product immediately put up signs saying Honey Smacks cereal has been recalled and to remove the potentially contaminated product from shelves.
The company said the affected products had use-by dates of June 14, 2018 through June 14, 2019. The voluntary recall involves its 15.3 ounce and 23 oz. Honey Smacks packages. Kellogg said no other of its products were impacted by the recall.
So far it is believed that 73 people have been infected with Salmonella in 31 states as a result of this.
Salmonella can cause diarrhea, severe abdominal cramps, as well as nausea and vomiting.
Shares of Kellogg were down 7 cents, or 0.1%, to $66.53 in Friday morning trading, with a consensus analyst price target of $69.30 and a 52-week range of $56.40 to $73.00.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
