News stories about Kellogg (NYSE:K) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kellogg earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.3421804198014 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
Kellogg (NYSE:K) traded up $0.44 during trading hours on Wednesday, reaching $67.93. 1,049,612 shares of the company’s stock were exchanged, compared to its average volume of 3,258,647. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.41 and a current ratio of 0.68. Kellogg has a fifty-two week low of $58.76 and a fifty-two week high of $76.44. The company has a market cap of $23,170.85, a P/E ratio of 18.64, a PEG ratio of 2.27 and a beta of 0.47.
Kellogg (NYSE:K) last posted its earnings results on Thursday, February 8th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. Kellogg had a net margin of 9.82% and a return on equity of 70.35%. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm’s revenue was up 3.6% on a year-over-year basis. equities analysts predict that Kellogg will post 4.44 earnings per share for the current year.
Kellogg announced that its Board of Directors has initiated a share repurchase plan on Friday, December 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Kellogg from $91.00 to $87.00 and set a “buy” rating for the company in a report on Friday, February 9th. Pivotal Research assumed coverage on shares of Kellogg in a report on Monday, February 5th. They set a “buy” rating and a $80.00 target price for the company. UBS Group lowered their target price on shares of Kellogg from $72.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Bank of America lifted their target price on shares of Kellogg from $66.00 to $69.00 and gave the company an “underperform” rating in a report on Friday, February 9th. Finally, Barclays reiterated a “sell” rating and set a $69.00 target price on shares of Kellogg in a report on Sunday. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $73.19.
In related news, major shareholder Kellogg W. K. Foundation Trust sold 3,195 shares of Kellogg stock in a transaction on Friday, November 24th. The shares were sold at an average price of $65.00, for a total transaction of $207,675.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Kellogg W. K. Foundation Trust sold 78,606 shares of Kellogg stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.14, for a total transaction of $5,120,394.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 306,316 shares of company stock valued at $20,381,841. Insiders own 1.30% of the company’s stock.
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Kellogg Company Profile
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.
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