Share on StockTwits

Kellogg Company (NYSE:K) major shareholder Kellogg W. K. Foundation Trust unloaded 36,700 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $65.89, for a total value of $2,418,163.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Kellogg Company (NYSE:K) traded up 0.20% on Thursday, hitting $66.20. The stock had a trading volume of 377,521 shares. Kellogg Company has a 1-year low of $55.69 and a 1-year high of $67.98. The stock’s 50-day moving average is $64.64 and its 200-day moving average is $61.87. The company has a market cap of $23.769 billion and a P/E ratio of 12.67.

Kellogg Company (NYSE:K) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.01 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.98 by $0.03. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company posted $0.99 earnings per share. Kellogg Company’s revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that Kellogg Company will post $4.00 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, May 29th.

K has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Kellogg Company in a research note on Friday, May 2nd. They now have a $60.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kellogg Company in a research note on Friday, May 2nd. They now have a $69.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Kellogg Company from $57.00 to $62.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $62.31.

Kellogg Company (NYSE:K) is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.