News stories about Kellogg (NYSE:K) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kellogg earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.3173540424058 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Do not eat, do not buy Kellogg’s Honey Smacks cereal, FDA warns (wtol.com)
- Kellogg R.&D. exec highlights changes in innovation approach (foodbusinessnews.net)
- Charles Kellogg Sang Like a Bird and Drove a Giant Tree (atlasobscura.com)
- Kellogg challenges lawsuit claiming its cereals contain ‘toxic’ sugar levels (fooddive.com)
- CSFB Analysts Give Kellogg (K) a $4.00 Price Target (americanbankingnews.com)
A number of equities research analysts have recently commented on K shares. Wells Fargo & Co reaffirmed a “hold” rating and set a $67.00 price objective (up previously from $62.00) on shares of Kellogg in a research note on Sunday, August 5th. ValuEngine raised shares of Kellogg from a “sell” rating to a “hold” rating in a research note on Tuesday, June 26th. Credit Suisse Group set a $68.00 price target on shares of Kellogg and gave the company a “hold” rating in a research note on Tuesday, June 12th. Finally, Buckingham Research lifted their price target on shares of Kellogg from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Kellogg has a consensus rating of “Hold” and a consensus price target of $72.06.
Kellogg stock opened at $73.65 on Friday. Kellogg has a 1 year low of $56.40 and a 1 year high of $74.32. The firm has a market capitalization of $24.89 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.09 and a beta of 0.46. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.50 and a current ratio of 0.82.
Kellogg (NYSE:K) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Kellogg had a net margin of 13.33% and a return on equity of 59.68%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter last year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts forecast that Kellogg will post 4.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $2.24 dividend on an annualized basis and a yield of 3.04%. This is a positive change from Kellogg’s previous quarterly dividend of $0.54. Kellogg’s dividend payout ratio (DPR) is presently 55.45%.
In other Kellogg news, Vice Chairman Gary H. Pilnick sold 66,655 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $72.25, for a total value of $4,815,823.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 160,000 shares of the firm’s stock in a transaction on Wednesday, June 27th. The shares were sold at an average price of $69.85, for a total value of $11,176,000.00. The disclosure for this sale can be found here. Insiders sold a total of 776,655 shares of company stock worth $53,740,824 in the last 90 days. 1.40% of the stock is currently owned by insiders.
Kellogg Company Profile
Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods.
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