Kellogg (NYSE:K) – Analysts at William Blair issued their Q1 2018 earnings per share (EPS) estimates for Kellogg in a research report issued on Thursday. William Blair analyst J. Andersen forecasts that the company will earn $1.07 per share for the quarter. William Blair also issued estimates for Kellogg’s Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.12 EPS, FY2018 earnings at $4.45 EPS and FY2019 earnings at $4.70 EPS.

A number of other research analysts also recently weighed in on the company. Barclays reiterated a “sell” rating and set a $69.00 price target on shares of Kellogg in a report on Sunday. Morgan Stanley lifted their price target on Kellogg from $69.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Bank of America lifted their price target on Kellogg from $66.00 to $69.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Citigroup lowered their price target on Kellogg from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Finally, Credit Suisse Group lifted their price target on Kellogg from $68.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. Kellogg has a consensus rating of “Hold” and a consensus target price of $73.19.

Kellogg (NYSE:K) opened at $67.49 on Monday. Kellogg has a twelve month low of $58.76 and a twelve month high of $76.44. The company has a current ratio of 0.68, a quick ratio of 0.41 and a debt-to-equity ratio of 3.52. The firm has a market capitalization of $23,170.85, a price-to-earnings ratio of 16.60, a PEG ratio of 2.27 and a beta of 0.47.

Kellogg (NYSE:K) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Kellogg had a return on equity of 70.35% and a net margin of 9.82%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. Kellogg’s revenue for the quarter was up 3.6% compared to the same quarter last year.

Kellogg declared that its board has approved a share repurchase program on Friday, December 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 78,606 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $65.14, for a total value of $5,120,394.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Kellogg W. K. Foundation Trust sold 180,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $67.53, for a total value of $12,155,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 306,316 shares of company stock valued at $20,381,841. Insiders own 1.30% of the company’s stock.

Several large investors have recently made changes to their positions in K. Dimensional Fund Advisors LP lifted its position in shares of Kellogg by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 591,672 shares of the company’s stock worth $41,095,000 after buying an additional 15,096 shares during the last quarter. Numeric Investors LLC lifted its position in shares of Kellogg by 68.8% in the second quarter. Numeric Investors LLC now owns 5,400 shares of the company’s stock worth $375,000 after buying an additional 2,200 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Kellogg by 10.8% in the second quarter. Cubist Systematic Strategies LLC now owns 10,603 shares of the company’s stock worth $736,000 after purchasing an additional 1,035 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Kellogg by 28.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 52,522 shares of the company’s stock worth $3,648,000 after purchasing an additional 11,785 shares during the period. Finally, Verition Fund Management LLC increased its stake in shares of Kellogg by 19.5% in the second quarter. Verition Fund Management LLC now owns 6,855 shares of the company’s stock worth $476,000 after purchasing an additional 1,120 shares during the period. 90.18% of the stock is owned by institutional investors.

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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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