News headlines about Kellogg (NYSE:K) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kellogg earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.9845338646936 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Kellogg partners with trade group to teach new workers the basics of baking (fooddive.com)
- Kellogg’s Opening More Permanent Café in Union Square (commercialobserver.com)
- Will Kellogg (K) Gain From Productivity & Innovation Plans? – Nasdaq (nasdaq.com)
- Dazzling Stocks: Kellogg Company (NYSE:K), Agenus Inc. (NASDAQ:AGEN), American Electric Power Company, Inc … – The Stock Street (press release) (thestreetpoint.com)
- Herb Greenberg: Why GE's dividend cut could influence oth… (finance.yahoo.com)
Shares of Kellogg (NYSE:K) traded up $0.74 during mid-day trading on Tuesday, reaching $64.50. The company had a trading volume of 798,662 shares, compared to its average volume of 2,498,299. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.68 and a quick ratio of 0.43. The stock has a market capitalization of $22,352.08, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 2.61 and a beta of 0.49. Kellogg has a 12 month low of $58.76 and a 12 month high of $76.69.
Kellogg (NYSE:K) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.22 billion. Kellogg had a return on equity of 73.92% and a net margin of 6.15%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. research analysts predict that Kellogg will post 4.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Thursday, November 30th. Kellogg’s dividend payout ratio is currently 96.43%.
Several research analysts have recently issued reports on K shares. Royal Bank Of Canada set a $81.00 target price on shares of Kellogg and gave the stock a “hold” rating in a report on Wednesday, October 18th. Piper Jaffray Companies cut shares of Kellogg from an “overweight” rating to a “neutral” rating and set a $78.00 target price on the stock. in a report on Tuesday, September 19th. Credit Suisse Group cut their target price on shares of Kellogg from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, October 20th. Morgan Stanley restated an “equal weight” rating and issued a $69.00 target price (down previously from $74.00) on shares of Kellogg in a report on Tuesday, July 18th. Finally, BMO Capital Markets restated a “hold” rating and issued a $78.00 target price on shares of Kellogg in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Kellogg has an average rating of “Hold” and an average target price of $71.00.
In other news, CEO Steven A. Cahillane acquired 15,930 shares of the stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of $62.70 per share, with a total value of $998,811.00. Following the completion of the transaction, the chief executive officer now owns 15,930 shares of the company’s stock, valued at approximately $998,811. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Donald R. Knauss sold 6,846 shares of Kellogg stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $62.57, for a total value of $428,354.22. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $312,850. The disclosure for this sale can be found here. Insiders have sold 223,438 shares of company stock valued at $14,077,678 in the last three months. Insiders own 1.30% of the company’s stock.
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.
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