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Kellogg Company (NYSE:K) Director Benjamin Sr Carson, Sr. unloaded 4,910 shares of Kellogg Company stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $63.96, for a total value of $314,043.60. Following the completion of the sale, the director now directly owns 2,075 shares in the company, valued at approximately $132,717. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on K shares. Analysts at Nomura cut their price target on shares of Kellogg Company from $71.00 to $69.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kellogg Company in a research note on Friday, August 1st. They now have a $63.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Kellogg Company from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 15th. They now have a $59.00 price target on the stock, down previously from $64.00. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Kellogg Company currently has an average rating of “Hold” and an average target price of $62.90.

Kellogg Company (NYSE:K) traded down 0.56% on Tuesday, hitting $63.45. 1,407,405 shares of the company’s stock traded hands. Kellogg Company has a 52 week low of $55.69 and a 52 week high of $69.50. The stock’s 50-day moving average is $64.78 and its 200-day moving average is $64.20. The company has a market cap of $22.850 billion and a P/E ratio of 12.57.

Kellogg Company (NYSE:K) last announced its earnings results on Thursday, July 31st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts expect that Kellogg Company will post $3.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, August 28th. This is a boost from Kellogg Company’s previous quarterly dividend of $0.46.

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

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