Shares of Kellogg Company (NYSE:K) have been given an average rating of “Hold” by the fifteen research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $79.09.
K has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded Kellogg from a “market perform” rating to an “underperform” rating in a research note on Tuesday, March 21st. Credit Suisse Group cut their target price on Kellogg from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, May 5th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $80.00 target price (down previously from $82.00) on shares of Kellogg in a research note on Tuesday, April 25th. Zacks Investment Research downgraded Kellogg from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Finally, TheStreet upgraded Kellogg from a “c+” rating to a “b+” rating in a research note on Thursday, May 4th.
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Kellogg (NYSE K) traded up 0.56% during mid-day trading on Friday, hitting $66.75. The stock had a trading volume of 1,785,028 shares. Kellogg has a 1-year low of $65.32 and a 1-year high of $87.16. The stock has a market cap of $23.38 billion, a PE ratio of 30.20 and a beta of 0.50. The firm’s 50-day moving average price is $71.60 and its 200-day moving average price is $72.68.
Kellogg (NYSE:K) last issued its quarterly earnings data on Thursday, May 4th. The company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.28 billion. Kellogg had a return on equity of 67.99% and a net margin of 6.07%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.97 EPS. On average, equities analysts expect that Kellogg will post $3.92 earnings per share for the current year.
In other Kellogg news, Director James M. Jenness sold 70,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.06, for a total transaction of $4,974,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Kellogg W. K. Foundation Trust sold 25,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $74.08, for a total value of $1,852,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,900 shares of company stock worth $7,178,363. Company insiders own 1.30% of the company’s stock.
Several large investors have recently bought and sold shares of K. Exane Derivatives boosted its position in Kellogg by 312.5% in the first quarter. Exane Derivatives now owns 1,852 shares of the company’s stock valued at $134,000 after buying an additional 1,403 shares during the last quarter. Pathstone Family Office LLC purchased a new position in Kellogg during the first quarter valued at $143,000. Security National Trust Co. boosted its position in Kellogg by 7.2% in the first quarter. Security National Trust Co. now owns 2,066 shares of the company’s stock valued at $150,000 after buying an additional 139 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Kellogg by 1.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,218 shares of the company’s stock valued at $161,000 after buying an additional 31 shares during the last quarter. Finally, CWM LLC boosted its position in Kellogg by 5.3% in the second quarter. CWM LLC now owns 2,343 shares of the company’s stock valued at $163,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 83.30% 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.
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