Company expects inflation to peak in its upcoming first quarter and decelerate the rest of the year.

Management said supply chain issues eased during the second quarter.

Cites a less 'frothy' crush margin environment.

Morningstar lowers the company’s value estimate per share.

Brand gets new name, updated logo.

New organization will feature four business units.

Ingredient portfolio offers better-for-you options.

MorningStar Farms business may be spun off or sold.

Three independent businesses will be created by the transaction.

Strategies put in play pre-pandemic are paying dividends.