Kellogg (NYSE:K) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $71.05 and last traded at $70.88, with a volume of 1846500 shares traded. The stock had previously closed at $70.88.

A number of analysts recently issued reports on K shares. Deutsche Bank began coverage on shares of Kellogg in a report on Wednesday, December 11th. They set a “buy” rating and a $74.00 price objective for the company. Bank of America upgraded shares of Kellogg from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $53.00 to $75.00 in a research note on Friday, December 20th. Royal Bank of Canada began coverage on shares of Kellogg in a research note on Thursday, October 17th. They issued a “sector perform” rating and a $65.00 target price for the company. BMO Capital Markets upgraded shares of Kellogg from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $79.00 in a research note on Thursday, January 9th. Finally, Zacks Investment Research downgraded shares of Kellogg from a “hold” rating to a “sell” rating and set a $73.00 target price for the company. in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $67.75.

The stock has a market cap of $24.10 billion, a PE ratio of 32.99, a P/E/G ratio of 2.93 and a beta of 0.53. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.80 and a quick ratio of 0.52. The firm’s 50 day moving average price is $68.21 and its two-hundred day moving average price is $63.59.

Kellogg (NYSE:K) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.91 by $0.12. The company had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Kellogg had a net margin of 5.35% and a return on equity of 42.47%. Kellogg’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. Analysts anticipate that Kellogg will post 3.88 earnings per share for the current year.

In related news, SVP Maria Fernanda Mejia sold 2,136 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $63.70, for a total transaction of $136,063.20. Following the completion of the transaction, the senior vice president now owns 25,721 shares of the company’s stock, valued at $1,638,427.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $63.39, for a total transaction of $6,339,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 625,291 shares of company stock valued at $41,963,106. 0.09% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Moors & Cabot Inc. lifted its position in Kellogg by 3.2% during the third quarter. Moors & Cabot Inc. now owns 6,501 shares of the company’s stock valued at $418,000 after purchasing an additional 200 shares during the last quarter. Financial Architects Inc lifted its position in Kellogg by 40.0% during the third quarter. Financial Architects Inc now owns 700 shares of the company’s stock valued at $45,000 after purchasing an additional 200 shares during the last quarter. Capital Investment Advisory Services LLC lifted its position in Kellogg by 16.6% during the third quarter. Capital Investment Advisory Services LLC now owns 1,418 shares of the company’s stock valued at $91,000 after purchasing an additional 202 shares during the last quarter. Coastal Investment Advisors Inc. lifted its holdings in shares of Kellogg by 46.4% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 824 shares of the company’s stock worth $53,000 after acquiring an additional 261 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Kellogg by 8.2% in the 4th quarter. Jones Financial Companies Lllp now owns 3,449 shares of the company’s stock worth $238,000 after acquiring an additional 262 shares during the last quarter. 86.97% of the stock is owned by institutional investors.

Kellogg Company Profile (NYSE:K)

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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