As of right now, Kellogg Company [K] is trading at $64.60, up 0.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The K shares have lost -0.57% over the last week, with a monthly amount drifted -5.28%, and not seem to be holding up well over a long-time horizon.
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On 23, March 2023, KELLOGG’S® TEAMS UP WITH EVA LONGORIA TO LAUNCH BREAKFAST FOR ALL BUNDLE TO HELP COMBAT CHILDHOOD HUNGER. In a post published today on Yahoo Finance, For a limited time, parents and fans across the country can purchase Eva’s Breakfast for All Bundle and Kellogg will donate to No Kid Hungry.
From an analyst’s perspective:
Kellogg Company [NYSE: K] stock has seen the most recent analyst activity on November 15, 2022, when Exane BNP Paribas initiated its Underperform rating and assigned the stock a price target of $66. Previously, Piper Sandler upgraded its rating to Overweight on August 05, 2022, and kept the price target unchanged to $74. On July 07, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $74 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $62 on May 03, 2022. Deutsche Bank downgraded its rating to a Hold and reduced its price target to $73 on April 25, 2022. UBS started tracking with a Buy rating for this stock on March 30, 2022, and assigned it a price target of $73. In a note dated February 11, 2022, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $64 to $57.
Through the last year, Kellogg Company’s stock price ranged from $61.31 to $77.17. Currently, Wall Street analysts expect the stock to reach $72.29 within the next 12 months. Kellogg Company [NYSE: K] shares were valued at $64.60 at the most recent close of the market. An investor can expect a potential return of 11.9% based on the average K price forecast.
Analyzing the K fundamentals
For Kellogg Company, (K), the latest quarter sales were 3.83 billion, which represents an 12.10% increase. In the same period, the company’s revenue per employee was $510,500, whereas its income per employee was $32,000. Gross Margin for this corporation currently stands at +29.83% with Operating Margin at +10.70%, Pretax Margin comes in at +7.82%, and Net Margin reading is +6.27%. To continue investigating profitability, this company’s Return on Assets is posted at 5.24, Equity is 25.06, Total Capital is 13.95, and Invested Capital is 9.49. Taking a look at the Principal structure of this organization reveals enduring liabilities to the total capital at 64.53 and enduring liabilities to the whole assets at 38.77.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 64.30 points at the first support level, and at 64.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.99, and for the 2nd resistance point, it is at 65.39.
Kellogg Company [K] reported earnings per share of $0.94 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.84/share, meaning a difference of $0.1 and a surprise factor of 11.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were $1.01 per share as compared to estimates of $0.98 per share, a difference of $0.03 representing a surprise of 3.10%.
Ratios To Look Out For
It is important to note that Kellogg Company [NYSE:K] has a current ratio of 0.70. Further, the Quick Ratio stands at 0.38, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 6.18 and the P/E (TTM) ratio is 23.02.
Transactions by insiders
Insider trading, which has resulted in 31 insider purchases of 382,101 shares and 24 insider sales of 579,794 shares in the past three months, is now the topic of our analysis. Recent insider trading involved KELLOGG W K FOUNDATION TRUST, 10% Owner, that happened on Mar 20 when 100000.0 shares were sold. 10% Owner, KELLOGG W K FOUNDATION TRUST completed a deal on Mar 10 to sell 100000.0 shares. Meanwhile, Senior Vice President Lance Rodrigo sold 2975.0 shares on Feb 27.