News stories about Kellogg (NYSE:K) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kellogg earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.8048547132815 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Kellogg student arrested for school threat (khq.com)
- Martingale Asset Management L P Has $19.86 Million Position in Kellogg (K) (americanbankingnews.com)
- Ontario Teachers Pension Plan Board Has $4.79 Million Stake in Kellogg (K) (americanbankingnews.com)
- Kellogg (K) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Systematic Financial Management LP Acquires Shares of 34,805 Kellogg (K) (americanbankingnews.com)
Kellogg (K) traded up $0.29 on Friday, reaching $68.54. The company’s stock had a trading volume of 2,780,000 shares, compared to its average volume of 3,380,000. The firm has a market capitalization of $23,680.00, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 2.10 and a beta of 0.47. Kellogg has a 52 week low of $58.76 and a 52 week high of $75.31. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.41 and a current ratio of 0.68.
Kellogg (NYSE:K) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.10 billion. Kellogg had a return on equity of 83.73% and a net margin of 13.40%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. sell-side analysts predict that Kellogg will post 4.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 5th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Friday, March 2nd. Kellogg’s dividend payout ratio (DPR) is 59.34%.
Kellogg declared that its board has approved a stock repurchase program on Friday, December 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
Several equities research analysts have recently weighed in on K shares. Susquehanna Bancshares set a $71.00 target price on Kellogg and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies set a $72.00 target price on Kellogg and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Royal Bank of Canada raised their target price on Kellogg from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 1st. Buckingham Research cut their target price on Kellogg from $79.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Finally, UBS Group cut their target price on Kellogg from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $73.50.
In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 78,606 shares of Kellogg stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $65.14, for a total transaction of $5,120,394.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Kellogg W. K. Foundation Trust sold 180,000 shares of Kellogg stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $67.53, for a total value of $12,155,400.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
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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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