Kellogg Recalls Mini-Wheats on Threat of Wire Mesh Contamination

The video above is from Thursday's MarketFoolery podcast, featuring host Chris Hill and analysts Joe Magyer and Jason Moser. In this segment, the guys discuss news that Kellogg (NYSE: K  ) is recalling 2.8 million boxes of Mini-Wheats cereal due to possible contamination by metal mesh. The cost to Kellogg is $30 million but, fortunately for shareholders, that's a mere drop in the bucket for the company. In fact, shares were up slightly today.

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Chris Hill owns shares of Johnson & Johnson. Jason Moser has no positions in the stocks mentioned above. Joe Magyer owns shares of Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson. Motley Fool newsletter services recommend Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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