Kellogg Company (NYSE:K) received a $78.00 price target from equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the stock. Piper Jaffray Companies’ target price suggests a potential upside of 11.25% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Kellogg from a “c+” rating to a “b+” rating in a research report on Thursday, May 4th. Morgan Stanley reiterated an “equal weight” rating and set a $69.00 target price (down previously from $74.00) on shares of Kellogg in a research report on Tuesday, July 18th. Susquehanna Bancshares Inc set a $78.00 target price on shares of Kellogg and gave the stock a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Kellogg from a “sell” rating to a “hold” rating in a research report on Monday, June 12th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $85.00 target price on shares of Kellogg in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $74.67.

Kellogg (K) traded up 0.70% on Monday, reaching $70.11. 2,923,946 shares of the company’s stock traded hands. The stock has a market capitalization of $24.56 billion, a PE ratio of 31.72 and a beta of 0.50. Kellogg has a 52-week low of $65.32 and a 52-week high of $84.28. The firm’s 50-day moving average is $68.54 and its 200 day moving average is $71.70.

Kellogg (NYSE:K) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.16 billion. Kellogg had a net margin of 6.12% and a return on equity of 70.22%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. Analysts forecast that Kellogg will post $3.97 EPS for the current year.

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In other Kellogg news, Director John T. Dillon sold 4,900 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $71.87, for a total value of $352,163.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $74.08, for a total transaction of $1,852,000.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Large investors have recently modified their holdings of the company. LLBH Private Wealth Management LLC boosted its stake in shares of Kellogg by 0.3% in the third quarter. LLBH Private Wealth Management LLC now owns 2,788 shares of the company’s stock valued at $216,000 after buying an additional 7 shares in the last quarter. Alpha Windward LLC boosted its stake in shares of Kellogg by 0.4% in the second quarter. Alpha Windward LLC now owns 2,575 shares of the company’s stock valued at $179,000 after buying an additional 11 shares in the last quarter. Altfest L J & Co. Inc. boosted its stake in shares of Kellogg by 0.5% in the first quarter. Altfest L J & Co. Inc. now owns 2,891 shares of the company’s stock valued at $210,000 after buying an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Kellogg by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,204 shares of the company’s stock valued at $171,000 after buying an additional 15 shares in the last quarter. Finally, Washington Trust Bank boosted its stake in shares of Kellogg by 0.8% in the second quarter. Washington Trust Bank now owns 1,780 shares of the company’s stock valued at $124,000 after buying an additional 15 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Kellogg Company Profile

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.

Analyst Recommendations for Kellogg (NYSE:K)

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