Kellogg Company (K) Given a $71.00 Price Target at Susquehanna Bancshares Inc
Kellogg Company (NYSE:K) received a $71.00 price target from equities researchers at Susquehanna Bancshares Inc in a report released on Tuesday. The brokerage presently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price target would suggest a potential upside of 20.60% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Piper Jaffray Companies downgraded shares of Kellogg from an “overweight” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Tuesday, September 19th. Royal Bank Of Canada set a $81.00 price target on shares of Kellogg and gave the company a “hold” rating in a research note on Wednesday, October 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $69.00 price target (down previously from $74.00) on shares of Kellogg in a research note on Tuesday, July 18th. BMO Capital Markets reissued a “hold” rating and issued a $78.00 target price on shares of Kellogg in a research note on Wednesday, September 6th. Finally, Credit Suisse Group reduced their target price on shares of Kellogg from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $71.64.
Kellogg (NYSE K) traded up 6.192% during trading on Tuesday, reaching $62.515. The company had a trading volume of 9,188,510 shares. The company has a 50-day moving average price of $63.20 and a 200 day moving average price of $68.05. Kellogg has a one year low of $58.76 and a one year high of $78.37. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 28.300 and a beta of 0.48.
Kellogg (NYSE:K) last released its earnings results on Tuesday, October 31st. The company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.22 billion. Kellogg had a net margin of 6.12% and a return on equity of 70.22%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. Analysts expect that Kellogg will post $3.97 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently bought and sold shares of K. Washington Trust Bank grew its stake in shares of Kellogg by 0.8% during the 2nd quarter. Washington Trust Bank now owns 1,780 shares of the company’s stock worth $124,000 after purchasing an additional 15 shares during the period. Exane Derivatives grew its stake in shares of Kellogg by 24.2% during the 2nd quarter. Exane Derivatives now owns 2,300 shares of the company’s stock worth $160,000 after purchasing an additional 448 shares during the period. CWM LLC grew its stake in shares of Kellogg by 5.3% during the 2nd quarter. CWM LLC now owns 2,343 shares of the company’s stock worth $163,000 after purchasing an additional 117 shares during the period. Alpha Windward LLC grew its stake in shares of Kellogg by 0.4% during the 2nd quarter. Alpha Windward LLC now owns 2,575 shares of the company’s stock worth $179,000 after purchasing an additional 11 shares during the period. Finally, Round Table Services LLC acquired a new stake in shares of Kellogg during the 2nd quarter worth approximately $200,000. 85.16% of the stock is owned by institutional investors.
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.
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