Kellogg Company (NYSE: K) is -5.54% lower on its value in year-to-date trading and has touched a low of $59.54 and a high of $77.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The K stock was last observed hovering at around $67.50 in the last trading session, with the day’s loss setting it -0.21% off its average median price target of $74.00 for the next 12 months. It is also 17.94% off the consensus price target high of $82.00 offered by 21 analysts, but current levels are -18.05% lower than the price target low of $57.00 for the same period.
Currently trading at $67.29, the stock is -4.75% and -5.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing -0.31% at the moment leaves the stock -5.94% off its SMA200. K registered 1.75% gain for a year compared to 6-month loss of -5.41%.
The stock witnessed a -5.20% gain in the last 1 month and extending the period to 3 months gives it a -6.23%, and is -3.87% 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 1.74% over the week and 1.50% over the month.
Kellogg Company (K) has around 31000 employees, a market worth around $22.90B and $14.90B in sales. Current P/E ratio is 15.50 and Fwd P/E is 16.29. Profit margin for the company is 10.00%. Distance from 52-week low is 13.02% and -12.80% from its 52-week high. The company has generated returns on investments over the last 12 months (11.80%).
Kellogg Company (K) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Kellogg Company (K) is a “Hold”. 21 analysts offering their recommendations for the stock have an average rating of 3.10, where 13 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Kellogg Company is expected to release its quarterly report on 05/04/2023.The EPS is expected to grow by 16.40% this year.
Kellogg Company (K) Top Institutional Holders
The shares outstanding are 341.00M, and float is at 317.19M with Short Float at 3.81%.
Kellogg Company (K) Insider Activity
A total of 32 insider transactions have happened at Kellogg Company (K) in the last six months, with sales accounting for 22 and purchases happening 10 times. The most recent transaction is an insider sale by KELLOGG W K FOUNDATION TRUST,the company’s10% Owner. SEC filings show that KELLOGG W K FOUNDATION TRUST sold 100,000 shares of the company’s common stock on Jan 20 at a price of $67.01 per share for a total of $6.7 million. Following the sale, the insider now owns 55.73 million shares.
Kellogg Company disclosed in a document filed with the SEC on Jan 10 that KELLOGG W K FOUNDATION TRUST (10% Owner) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Jan 10 and was made at $70.93 per share for $7.09 million. Following the transaction, the insider now directly holds 55.83 million shares of the K stock.
Still, SEC filings show that on Dec 20, KELLOGG W K FOUNDATION TRUST (10% Owner) disposed off 100,000 shares at an average price of $70.74 for $7.07 million. The insider now directly holds 55,931,838 shares of Kellogg Company (K).
Kellogg Company (K): Who are the competitors?
The company’s main competitors (and peers) include PepsiCo Inc. (PEP) that is -2.77% lower over the past 12 months. The Kraft Heinz Company (KHC) is 8.63% up on the 1-year trading charts.