Analysts expect that Kellogg (NYSE:K) will report earnings of $0.96 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Kellogg’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.98. Kellogg posted earnings per share of $0.92 in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The firm is scheduled to report its next earnings results before the market opens on Thursday, February 8th.

On average, analysts expect that Kellogg will report full year earnings of $4.02 per share for the current year, with EPS estimates ranging from $3.95 to $4.05. For the next fiscal year, analysts expect that the firm will post earnings of $4.31 per share, with EPS estimates ranging from $4.14 to $4.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Kellogg.

Kellogg (NYSE:K) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.11. Kellogg had a return on equity of 73.92% and a net margin of 6.15%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period last year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up .6% on a year-over-year basis.

A number of equities research analysts have issued reports on the company. 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 note on Wednesday, November 1st. DZ Bank cut shares of Kellogg from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. Bank of America restated an “underperform” rating and set a $66.00 price objective (down from $72.00) on shares of Kellogg in a research note on Monday, October 9th. Piper Jaffray Companies set a $72.00 price objective on shares of Kellogg and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, Morgan Stanley cut their price objective on shares of Kellogg from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, October 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $71.15.

In other Kellogg news, 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 transaction of $428,354.22. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $312,850. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 44,515 shares of Kellogg stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $65.11, for a total value of $2,898,371.65. Following the transaction, the insider now directly owns 67,887,323 shares in the company, valued at approximately $4,420,143,600.53. The disclosure for this sale can be found here. Insiders sold a total of 349,754 shares of company stock worth $22,304,119 in the last three months. 1.30% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in shares of Kellogg by 54.7% during the 2nd quarter. Capital Research Global Investors now owns 24,031,728 shares of the company’s stock valued at $1,669,244,000 after buying an additional 8,495,714 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Kellogg by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,330,268 shares of the company’s stock worth $1,412,139,000 after purchasing an additional 56,284 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Kellogg by 94.3% in the 2nd quarter. Lazard Asset Management LLC now owns 7,846,945 shares of the company’s stock worth $545,047,000 after purchasing an additional 3,807,425 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Kellogg by 34.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,038,523 shares of the company’s stock worth $251,883,000 after purchasing an additional 1,030,264 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Kellogg by 36.7% in the 3rd quarter. American Century Companies Inc. now owns 3,056,142 shares of the company’s stock worth $190,612,000 after purchasing an additional 820,277 shares during the last quarter. Institutional investors and hedge funds own 89.59% of the company’s stock.

Shares of Kellogg (K) opened at $67.97 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.68 and a debt-to-equity ratio of 3.71. The stock has a market capitalization of $23,485.23, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.57 and a beta of 0.52. Kellogg has a one year low of $58.76 and a one year high of $76.69.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Thursday, November 30th. Kellogg’s payout ratio is currently 96.43%.

Kellogg declared that its board has initiated a share 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Kellogg Company Profile

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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