Kellogg’s Market Perform Rating Reaffirmed at BMO Capital Markets (K)
K has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Kellogg in a research note to investors on Tuesday. They now have a $60.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Kellogg from $58.00 to $62.00 in a research note to investors on Monday, February 11th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Kellogg in a research note to investors on Wednesday, February 6th. They now have a $61.00 price target on the stock.
Four research analysts have rated the stock with a buy rating, one has assigned an overweight rating, seventeen have assigned a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company’s stock. Kellogg presently has a consensus rating of “hold” and a consensus price target of $60.71.
Kellogg traded up 0.36% on Wednesday, hitting $61.95. Kellogg has a 1-year low of $46.33 and a 1-year high of $61.93. The stock’s 50-day moving average is currently $59.65. The company has a market cap of $22.419 billion and a price-to-earnings ratio of 23.12.
Kellogg last issued its quarterly earnings data on Tuesday, February 5th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.67. The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company posted $0.64 earnings per share. Kellogg’s revenue was up 18.2% compared to the same quarter last year. Analysts expect that Kellogg will post $3.87 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 15th. Investors of record on Monday, March 4th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Thursday, February 28th.
Kellogg Company is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods.
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