Why Kellogg Company [K] Stock Will Fly to $78.00 Over the Next 12 Months

Kellogg Company [K] stock is down -0.84 while the S&P 500 has risen 0.66% on Thursday, 12/03/20. While at the time of this article, K ATR is sitting at 1.32, with the beta value at 0.58. This stock’s volatility for the past week remained at 1.53%, while it was 2.03% for the past 30-day period. K has fallen -$0.53 from the previous closing price of $63.00 on volume of 1.09 million shares.

On 3, December 2020, Yes, There is a World Soil Day – here’s why it matters. According to news published on Yahoo Finance, As a plant-based food company, Kellogg knows that healthier crops start with healthy soil. Healthy, living soil nurtures the grains we use for our foods, of course, but it’s bigger than that. Healthy soils help keep freshwater clean, protect against drought, restore biodiversity, and even store carbon that would otherwise contribute to greenhouse emissions. Kate Schaffner, Kellogg Company Sustainable Agriculture Manager, explains why Kellogg celebrates World Soil Day every December 5 and is advocating for the sustainable management of soil resources.

Analyst Birdseye View:

The most recent analyst activity for Kellogg Company [NYSE:K] stock was on August 28, 2020, when it was Initiated with a Buy rating from Citigroup, which also raised its 12-month price target on the stock to $79. Before that, on November 23, 2020, Credit Suisse Recapitulated a Neutral rating and elevated its amount target to $68. On July 31, 2020, Goldman Downgrade a Neutral rating and boosted its price target on this stock from $71 to $73. On July 28, 2020, Seaport Global Securities Initiated a Buy rating and increased its price target to $76. On May 01, 2020, Consumer Edge Research Upgrade an Equal weight rating and increased its price target to $65. On March 18, 2020, Bernstein Upgrade a Mkt perform rating and boosted its amount target on this stock to $66. On January 23, 2020, Jefferies Initiated a Hold rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $52.66 and a peak of $72.88. Right now, according to Wall Street analyst the average 12-month amount target is $70.60. At the most recent market close, shares of Kellogg Company [NYSE:K] were valued at $62.47. According to the average price forecast, investors can expect a potential return of -0.3%.

FUNDAMENTAL ANALYSIS

Kellogg Company [NYSE:K] most recently reported quarterly sales of 3.43 billion, which represented growth of 1.70%. This publicly-traded organization’s revenue is $438,000 per employee, while its income is $30,968 per employee. This company’s Gross Margin is currently 33.40%, its Operating Margin is 12.80%, its Pretax Margin is +9.61, and its Net Margin is +7.07. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.43, 35.90, 12.86 and 9.06 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 75.51 and the whole liability to whole assets at 48.22. It shows enduring liability to the whole principal at 68.01 and enduring liability to assets at 0.43 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 62.61 points at 1st support level, the second support level is making up to 62.22. But as of 1st resistance point, this stock is sitting at 63.23 and at 63.46 for 2nd resistance point.

Kellogg Company [K] reported its earnings at $0.91 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.87/share signifying the difference of 0.04 and 4.60% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.24 calling estimates for $0.94/share with the difference of 0.3 depicting the surprise of 31.90%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Kellogg Company [NYSE:K] is 0.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.08. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.75, it’s amount to book ratio is 8.60 and showing 17.75 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by KELLOGG W K FOUNDATION TRUST, 10% Owner, and it was the sale of 83334.0 shares on Nov 20. KELLOGG W K FOUNDATION TRUST, the 10% Owner, completed a sale of 83333.0 shares on Nov 10. On Nov 03, HOOD CHRISTOPHER M, Senior Vice President, completed a sale of 1700.0 shares.