Kellogg Company (K) Plans Dividend of $0.46
Kellogg Company (NYSE:K) declared a dividend on Monday, February 24th, AnalystRatings.NET reports. Shareholders of record on Tuesday, March 4th will be given a dividend of 0.46 per share on Monday, March 17th. The ex-dividend date of this dividend is Friday, February 28th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Kellogg Company in a research note on Friday, February 7th. They now have a $61.00 price target on the stock. On the ratings front, analysts at Jefferies Group cut their price target on shares of Kellogg Company from $63.00 to $62.00 in a research note on Friday, February 7th. Finally, analysts at Goldman Sachs upgraded shares of Kellogg Company from an “underperform” rating to a “neutral” rating in a research note on Friday, February 7th. They now have a $55.00 price target on the stock, down previously from $58.00. Three analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $61.50.
Kellogg Company (NYSE:K) opened at 59.95 on Monday. Kellogg Company has a one year low of $55.69 and a one year high of $67.98. The stock has a 50-day moving average of $59.69 and a 200-day moving average of $61.04. The company has a market cap of $21.762 billion and a P/E ratio of 12.14.
Kellogg Company (NYSE:K) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.82 by $0.01. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the company posted $0.67 earnings per share. Kellogg Company’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that Kellogg Company will post $4.01 EPS for the current fiscal year.
Kellogg Company (NYSE:K) is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods.
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