Shares of Kellogg (NYSE:K) have earned an average rating of “Hold” from the twenty brokerages that are currently covering the company, reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $69.33.

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Kellogg from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Zacks Investment Research cut Kellogg from a “buy” rating to a “hold” rating and set a $66.00 price target on the stock. in a report on Tuesday, May 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $71.00 price target on shares of Kellogg in a report on Monday, May 4th. Credit Suisse Group began coverage on Kellogg in a report on Tuesday, June 2nd. They issued a “buy” rating and a $76.00 price target on the stock. Finally, Royal Bank of Canada restated a “hold” rating and set a $68.00 target price on shares of Kellogg in a report on Monday, March 23rd.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $66.72, for a total transaction of $6,672,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 400,000 shares of company stock valued at $26,127,000. Corporate insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in K. Victory Capital Management Inc. grew its position in shares of Kellogg by 2.0% in the 4th quarter. Victory Capital Management Inc. now owns 169,576 shares of the company’s stock valued at $11,728,000 after buying an additional 3,354 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Kellogg by 74.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 8,275 shares of the company’s stock valued at $572,000 after purchasing an additional 3,522 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Kellogg during the fourth quarter valued at about $1,565,000. FMR LLC raised its position in Kellogg by 21.3% during the fourth quarter. FMR LLC now owns 623,476 shares of the company’s stock valued at $43,119,000 after purchasing an additional 109,682 shares in the last quarter. Finally, Coastal Investment Advisors Inc. raised its position in Kellogg by 26.3% during the fourth quarter. Coastal Investment Advisors Inc. now owns 1,041 shares of the company’s stock valued at $68,000 after purchasing an additional 217 shares in the last quarter. 84.46% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE K traded up $0.98 during trading hours on Tuesday, reaching $66.06. The stock had a trading volume of 2,075,523 shares, compared to its average volume of 2,424,270. The business’s fifty day moving average is $64.75 and its two-hundred day moving average is $65.20. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.77 and a quick ratio of 0.55. The company has a market cap of $22.64 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 4.39 and a beta of 0.57. Kellogg has a twelve month low of $52.66 and a twelve month high of $71.05.

Kellogg (NYSE:K) last issued its earnings results on Thursday, April 30th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Kellogg had a return on equity of 41.25% and a net margin of 7.61%. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the company posted $1.01 earnings per share. Kellogg’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Kellogg will post 3.8 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.28 dividend on an annualized basis and a yield of 3.45%. Kellogg’s dividend payout ratio is 57.87%.

About Kellogg

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

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Analyst Recommendations for Kellogg (NYSE:K)

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