Kellogg (NYSE:K) had its target price trimmed by Argus from $85.00 to $74.00 in a report released on Tuesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also issued reports on K. Buckingham Research cut their price target on Kellogg from $80.00 to $77.00 and set a buy rating for the company in a research note on Thursday, November 1st. ValuEngine upgraded Kellogg from a hold rating to a buy rating in a research note on Wednesday, October 24th. Credit Suisse Group cut their price target on Kellogg from $75.00 to $70.00 and set a neutral rating for the company in a research note on Thursday, November 1st. Morgan Stanley started coverage on Kellogg in a research note on Monday, September 17th. They issued an equal weight rating and a $75.00 price target for the company. Finally, UBS Group set a $65.00 price target on Kellogg and gave the stock a hold rating in a research note on Thursday, November 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Kellogg presently has a consensus rating of Hold and a consensus target price of $71.59.

Shares of NYSE:K traded down $0.17 during midday trading on Tuesday, hitting $65.01. The company had a trading volume of 2,305,598 shares, compared to its average volume of 2,996,632. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.84 and a quick ratio of 0.52. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.50. Kellogg has a 12-month low of $56.40 and a 12-month high of $74.98.

Kellogg (NYSE:K) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.01). The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Kellogg had a return on equity of 51.32% and a net margin of 13.75%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. On average, equities research analysts expect that Kellogg will post 4.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, November 30th. Kellogg’s dividend payout ratio (DPR) is presently 55.45%.

In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 205,000 shares of the stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $69.72, for a total transaction of $14,292,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA bought a new position in shares of Kellogg in the 2nd quarter valued at about $103,000. Financial Architects Inc bought a new stake in Kellogg in the third quarter worth about $111,000. CSat Investment Advisory L.P. bought a new stake in Kellogg in the second quarter worth about $127,000. Fort L.P. bought a new stake in Kellogg in the second quarter worth about $127,000. Finally, Kiley Juergens Wealth Management LLC lifted its stake in Kellogg by 57.7% in the third quarter. Kiley Juergens Wealth Management LLC now owns 2,127 shares of the company’s stock worth $148,000 after purchasing an additional 778 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

About Kellogg

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.

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