Kellogg Company (K) Review – Making Smarter Decisions

Kellogg Company (NYSE: K) is -1.25% lower on its value in year-to-date trading and has touched a low of $52.66 and a high of $72.88 in the current 52-week trading range. The K stock was last observed hovering at around $62.23 in the last trading session, with the day’s loss setting it -0.78% off its average median price target of $69.50 for the next 12 months. It is also 21.22% off the consensus price target high of $78.00 offered by 22 analysts, but current levels are -18.17% lower than the price target low of $52.00 for the same period.

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Currently trading at $61.45, the stock is -0.86% and -3.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing -1.25% at the moment leaves the stock -5.49% off its SMA200. K registered -9.63% loss for a year compared to 6-month loss of -7.18%. The firm has a 50-day simple moving average (SMA 50) of $62.84 and a 200-day simple moving average (SMA200) of $65.80.

The stock witnessed a -2.02% gain in the last 1 month and extending the period to 3 months gives it a -5.04%, and is -0.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.50% over the week and 1.44% over the month.

Kellogg Company (K) has around 31000 employees, a market worth around $20.88B and $13.53B in sales. Current P/E ratio is 17.31 and Fwd P/E is 15.37. Profit margin for the company is 8.80%. Distance from 52-week low is 16.69% and -15.68% from its 52-week high. The company has generated returns on investments over the last 12 months (10.10%).

Kellogg Company (K) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Kellogg Company (K) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 2.60, where 11 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Kellogg Company is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.88 with sales reaching $3.46B over the same period.The EPS is expected to shrink by -26.50% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 7.30% in year-over-year returns.

Kellogg Company (K) Top Institutional Holders

1,091 institutions hold shares in Kellogg Company (K), with 2.45M shares held by insiders accounting for 0.71% while institutional investors hold 89.81% of the company’s shares. The shares outstanding are 343.00M, and float is at 341.27M with Short Float at 4.10%. Institutions hold 89.17% of the Float.

The top institutional shareholder in the company is Kellogg W K Foundation Trust with over 60.97 million shares valued at $3.94 billion. The investor’s holdings represent 17.74% of the K Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 28.84 million shares valued at $1.86 billion to account for 8.39% of the shares outstanding. The other top investors are Keybank National Association which holds 23.6 million shares representing 6.87% and valued at over $1.52 billion, while Blackrock Inc. holds 6.77% of the shares totaling 23.26 million with a market value of $1.5 billion.

Kellogg Company (K) Insider Activity

The most recent transaction is an insider sale by KELLOGG W K FOUNDATION TRUST, the company’s 10% Owner. SEC filings show that KELLOGG W K FOUNDATION TRUST sold 83,334 shares of the company’s common stock on Dec 21 at a price of $60.94 per share for a total of $5.08 million. Following the sale, the insider now owns 60.47 million shares.

Kellogg Company disclosed in a document filed with the SEC on Dec 10 that KELLOGG W K FOUNDATION TRUST (10% Owner) sold a total of 83,333 shares of the company’s common stock. The trade occurred on Dec 10 and was made at $61.98 per share for $5.17 million. Following the transaction, the insider now directly holds 60.55 million shares of the K stock.

Still, SEC filings show that on Nov 20, KELLOGG W K FOUNDATION TRUST (10% Owner) disposed off 83,334 shares at an average price of $64.83 for $5.4 million. The insider now directly holds 60,631,837 shares of Kellogg Company (K).

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Kellogg Company (K): Who are the competitors?

The company’s main competitors (and peers) include Tyson Foods Inc. (TSN) that is trading -29.90% down over the past 12 months. Post Holdings Inc. (POST) is -8.46% down on the 1-year trading charts. Short interest in the company’s stock has risen 7.71% from the last report on Nov 12, 2020 to stand at a total of 12.92 million short shares sold with a short interest ratio of 6.38.

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