The following video is part of our "Motley Fool Conversations" series, in which Motley Fool analysts Austin Smith and Andrew Tonner discuss emerging trends in their favorite companies.

In today's edition, Austin and Andrew discuss a recent earnings miss from industry stalwart Kellogg (NYSE: K) and what it means going forward. Kellogg's two recent recalls, earnings troubles, and a drop in share price have left consumer goods investors worried; you don't want to miss this video. We cover commodity costs, management, the supply chain, and our estimates about Kellogg's positioning in the future.

Austin Smith and Andrew Tonner own no shares of companies mentioned above. Motley Fool newsletter services have recommended buying shares of Kellogg. 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.