Kellogg (K) – Investment Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Kellogg (NYSE: K):

  • 2/11/2018 – Kellogg had its “sell” rating reaffirmed by analysts at Barclays PLC. They now have a $69.00 price target on the stock.
  • 2/9/2018 – Kellogg had its price target raised by analysts at Morgan Stanley from $69.00 to $70.00. They now have an “equal weight” rating on the stock.
  • 2/9/2018 – Kellogg had its price target raised by analysts at Bank of America Corp from $66.00 to $69.00. They now have an “underperform” rating on the stock.
  • 2/9/2018 – Kellogg had its price target lowered by analysts at Citigroup Inc from $91.00 to $87.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – Kellogg had its price target raised by analysts at Credit Suisse Group AG from $68.00 to $70.00. They now have a “neutral” rating on the stock.
  • 2/5/2018 – Kellogg was given a new $69.00 price target on by analysts at Susquehanna Bancshares Inc. They now have a “hold” rating on the stock.
  • 2/5/2018 – Kellogg is now covered by analysts at Pivotal Research. They set a “buy” rating and a $80.00 price target on the stock.
  • 1/16/2018 – Kellogg had its price target raised by analysts at Citigroup Inc from $86.00 to $91.00. They now have a “buy” rating on the stock.

Kellogg (K) traded down $0.26 during mid-day trading on Monday, hitting $67.07. 1,150,255 shares of the company’s stock were exchanged, compared to its average volume of 3,270,630. Kellogg has a 12-month low of $58.76 and a 12-month high of $76.44. The stock has a market capitalization of $23,260.67, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.45 and a beta of 0.47. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.68 and a quick ratio of 0.41.

Kellogg (NYSE:K) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Kellogg had a net margin of 9.82% and a return on equity of 70.35%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. Kellogg’s quarterly revenue was up 3.6% on a year-over-year basis. research analysts expect that Kellogg will post 4.42 EPS for the current fiscal year.

In related news, major shareholder Kellogg W. K. Foundation Trust sold 44,515 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $65.11, for a total transaction of $2,898,371.65. Following the transaction, the insider now owns 67,887,323 shares in the company, valued at $4,420,143,600.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Kellogg W. K. Foundation Trust sold 78,606 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $65.14, for a total transaction of $5,120,394.84. The disclosure for this sale can be found here. Insiders have sold 306,316 shares of company stock worth $20,381,841 in the last quarter. 1.30% of the stock is owned by corporate insiders.

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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