Kellogg (NYSE:K) CFO Fareed A. Khan bought 8,190 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

K opened at $61.89 on Thursday. The firm has a market cap of $21.41 billion, a P/E ratio of 14.19, a PEG ratio of 2.32 and a beta of 0.50. Kellogg has a 1 year low of $56.40 and a 1 year high of $74.98. The company has a quick ratio of 0.52, a current ratio of 0.84 and a debt-to-equity ratio of 2.41.

Kellogg (NYSE:K) last released its quarterly earnings data on Wednesday, October 31st. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.43 billion. Kellogg had a net margin of 13.75% and a return on equity of 51.32%. Kellogg’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. As a group, analysts predict that Kellogg will post 4.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.56 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.62%. Kellogg’s dividend payout ratio is currently 55.45%.

A number of brokerages have recently weighed in on K. Morgan Stanley began coverage on Kellogg in a report on Monday, September 17th. They set an “equal weight” rating and a $75.00 price target on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $67.00 price target (up previously from $62.00) on shares of Kellogg in a report on Sunday, August 5th. ValuEngine upgraded Kellogg from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Credit Suisse Group lifted their price target on Kellogg from $71.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, August 9th. Finally, Zacks Investment Research upgraded Kellogg from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. Kellogg currently has a consensus rating of “Hold” and a consensus target price of $70.22.

Large investors have recently made changes to their positions in the business. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Kellogg in the third quarter worth about $101,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Kellogg in the second quarter worth about $103,000. Financial Architects Inc bought a new position in shares of Kellogg in the third quarter worth about $111,000. Captrust Financial Advisors increased its stake in shares of Kellogg by 216.4% in the third quarter. Captrust Financial Advisors now owns 1,585 shares of the company’s stock worth $111,000 after purchasing an additional 1,084 shares during the period. Finally, TLP Group LLC bought a new position in shares of Kellogg in the third quarter worth about $120,000. 86.92% of the stock is owned by institutional investors.

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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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