GMP Securities reiterated their buy rating on shares of Kellogg (NYSE:K) in a report released on Thursday morning, AnalystRatings.com reports.

A number of other research analysts have also recently commented on K. ValuEngine upgraded shares of USINAS SIDERURG/S from a sell rating to a hold rating in a report on Wednesday, May 29th. Canaccord Genuity restated an average rating on shares of Kellogg in a report on Tuesday, June 25th. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, May 7th. Consumer Edge cut shares of Kellogg from an equal weight rating to an underweight rating and set a $49.00 price target on the stock. in a report on Monday, June 24th. Finally, Morgan Stanley set a $56.00 price target on shares of Kellogg and gave the stock a hold rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $62.05.

K stock opened at $54.55 on Thursday. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.68 and a quick ratio of 0.41. Kellogg has a twelve month low of $51.34 and a twelve month high of $74.98. The company has a market capitalization of $18.57 billion, a PE ratio of 12.60, a price-to-earnings-growth ratio of 3.14 and a beta of 0.63. The company’s fifty day moving average price is $55.06.

Kellogg (NYSE:K) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.06. The firm had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.53 billion. Kellogg had a net margin of 8.59% and a return on equity of 43.13%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Equities research analysts forecast that Kellogg will post 3.86 earnings per share for the current fiscal year.

In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $54.84, for a total transaction of $5,484,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 600,000 shares of company stock worth $33,769,000. 0.09% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of K. Nordea Investment Management AB lifted its position in shares of Kellogg by 7.6% during the fourth quarter. Nordea Investment Management AB now owns 4,038,609 shares of the company’s stock valued at $230,241,000 after buying an additional 284,671 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its position in shares of Kellogg by 13.5% during the first quarter. Beutel Goodman & Co Ltd. now owns 3,894,578 shares of the company’s stock valued at $167,224,000 after buying an additional 462,398 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Kellogg by 11.6% during the fourth quarter. Geode Capital Management LLC now owns 3,517,033 shares of the company’s stock valued at $200,178,000 after buying an additional 364,719 shares during the last quarter. Northern Trust Corp lifted its position in shares of Kellogg by 1.3% during the first quarter. Northern Trust Corp now owns 3,460,612 shares of the company’s stock valued at $198,570,000 after buying an additional 45,977 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in shares of Kellogg by 37.1% during the first quarter. Ceredex Value Advisors LLC now owns 2,849,219 shares of the company’s stock valued at $163,488,000 after buying an additional 771,375 shares during the last quarter. Institutional investors own 87.16% of the company’s stock.

About Kellogg

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

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Analyst Recommendations for Kellogg (NYSE:K)

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