News headlines about Kellogg (NYSE:K) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kellogg earned a news impact score of 0.21 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.3864316343272 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern’s analysis:

Shares of Kellogg (K) traded up $0.55 during midday trading on Monday, hitting $67.17. The stock had a trading volume of 2,143,906 shares, compared to its average volume of 3,187,821. Kellogg has a twelve month low of $58.76 and a twelve month high of $76.69. The stock has a market capitalization of $23,120.00, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 2.52 and a beta of 0.52. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.43 and a current ratio of 0.68.

Kellogg (NYSE:K) last announced its earnings results on Tuesday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.22 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. research analysts expect that Kellogg will post 4.03 EPS for the current fiscal year.

Kellogg announced that its Board of Directors has initiated a share buyback program on Friday, December 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Several research analysts have commented on the company. DZ Bank lowered Kellogg from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. Citigroup raised their price objective on Kellogg from $86.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Argus raised Kellogg from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Wednesday, November 22nd. UBS Group cut their price objective on Kellogg from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Finally, Buckingham Research cut their price objective on Kellogg from $79.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $72.57.

In other Kellogg news, CEO Steven A. Cahillane bought 15,930 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average cost 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 in the company, valued at $998,811. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 3,195 shares of Kellogg stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $65.00, for a total value of $207,675.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 349,754 shares of company stock worth $22,304,119. Corporate insiders own 1.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Kellogg (NYSE:K)

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