Kellogg Company Common Stock (NYSE:K):
Kellogg Company 2016 Third Quarter Results Conference Call / Webcast.
The company is now down by -0.31% since yesterday’s close of $77.39.
The company also recently declared a dividend for shareholders that was paid on Thu Sep 15, 2016. The dividend payment was $0.520 per share for the quarter which comes to $2.08 on an annualized basis. This dividend represents a yield of $2.68. The ex-dividend date was Tuesday the 30th of August 2016.
Shares last traded at $77.15 slightly below the 50 day moving average which is $80.95 and a tad under the 200 day moving average of $78.66. The 50 day moving average was down by -4.750% and the 200 day average went down $-1.56 or -1.980%.
The company’s P/E ratio is 44.110 and the market value is 27.01B. As of the last earnings report the EPS was $1.75 and is projected to be $0.09 for the current year with 350,259,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.06 and the next full year EPS is anticipated to be $0.21.
A few brokerages have released opinions on the stock of late. July 29 investment analysts at Deutsche Bank made no change to the company rating of “Outperform” but raised the price expectation to $94.00 from $70.00. On July 21 Credit Suisse maintained a company rating of “Outperform” and moved up the price target from $76.00 to $94.00.
Goldman Sachs raised the price target and upgraded the stock on March 16 boosting the price target from $67.00 to $80.00 and moving the rating from “Sell” to “Neutral”. On March 16 the stock rating was upgraded from “Sell” to “Neutral” with a current price target of $80.00 in an announcement from Goldman Sachs.
On February 24 analysts at UBS started covering the stock setting a rating of “Neutral” and price target of $80.00. On February 17 Nomura kept the company rating at “Buy” and lowered the price expectation from $80.00 to $78.00.