Kellogg (K) Downgraded by ValuEngine

ValuEngine lowered shares of Kellogg (NYSE:K) from a hold rating to a sell rating in a report published on Friday morning.

A number of other equities analysts have also issued reports on K. Piper Jaffray Companies set a $79.00 target price on shares of Kellogg and gave the stock a buy rating in a research report on Tuesday, October 16th. Zacks Investment Research downgraded shares of Kellogg from a hold rating to a sell rating in a research note on Tuesday, October 16th. Buckingham Research dropped their price target on shares of Kellogg from $80.00 to $77.00 and set a buy rating for the company in a research note on Thursday, November 1st. Deutsche Bank dropped their price target on shares of Kellogg from $73.00 to $70.00 and set a hold rating for the company in a research note on Thursday, November 1st. Finally, Citigroup dropped their price target on shares of Kellogg from $87.00 to $79.00 and set a buy rating for the company in a research note on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Kellogg currently has a consensus rating of Hold and a consensus price target of $65.15.

NYSE:K opened at $55.36 on Friday. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.21 and a beta of 0.58. Kellogg has a 12 month low of $54.82 and a 12 month high of $74.98. The company has a current ratio of 0.70, a quick ratio of 0.40 and a debt-to-equity ratio of 2.60.



Kellogg (NYSE:K) last announced its earnings results on Thursday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.03. Kellogg had a net margin of 9.86% and a return on equity of 47.10%. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business earned $0.96 earnings per share. Kellogg’s quarterly revenue was up 4.1% on a year-over-year basis. Research analysts predict that Kellogg will post 4.06 earnings per share for the current fiscal year.

In related news, CFO Fareed A. Khan bought 8,190 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was bought at an average price of $62.14 per share, for a total transaction of $508,926.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 180,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $62.24, for a total transaction of $11,203,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 580,000 shares of company stock valued at $34,626,200. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of K. Acima Private Wealth LLC bought a new position in Kellogg during the fourth quarter worth about $25,000. Capital Investment Advisory Services LLC bought a new position in Kellogg during the fourth quarter worth about $50,000. Highwater Wealth Management LLC bought a new position in Kellogg during the fourth quarter worth about $70,000. Honkamp Krueger Financial Services Inc. bought a new position in Kellogg during the third quarter worth about $101,000. Finally, Cavalier Investments LLC bought a new position in Kellogg during the fourth quarter worth about $84,000. Institutional investors own 87.01% of the company’s stock.

Kellogg Company Profile

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

See Also: Depreciation

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Analyst Recommendations for Kellogg (NYSE:K)

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