Morgan Stanley Boosts Kellogg (NYSE:Okay) Worth Goal to $74.00

Kellogg (NYSE:Okay – Get Ranking) had its worth goal upped by analysts at Morgan Stanley from $72.00 to $74.00 in a report issued on Tuesday, The Fly studies. Morgan Stanley’s goal worth signifies a possible upside of three.48% from the inventory’s earlier shut.

A number of different analysis analysts have additionally issued studies on the corporate. StockNews.com initiated protection on Kellogg in a analysis report on Wednesday, October twelfth. They issued a “purchase” score on the inventory. Exane BNP Paribas started protection on Kellogg in a analysis report on Tuesday, November fifteenth. They set an “underperform” score and a $66.00 goal worth for the corporate. Piper Sandler lower their worth goal on shares of Kellogg to $72.00 in a analysis report on Wednesday, October fifth. Lastly, BNP Paribas assumed protection on shares of Kellogg in a analysis observe on Tuesday, November fifteenth. They issued an “underperform” score and a $66.00 goal worth for the corporate. 4 funding analysts have rated the inventory with a promote score, 5 have given a maintain score and two have given a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the corporate presently has a median score of “Maintain” and a consensus worth goal of $71.82.

Kellogg Worth Efficiency

Shares of Okay inventory opened at $71.51 on Tuesday. The corporate has a fast ratio of 0.46, a present ratio of 0.74 and a debt-to-equity ratio of 1.20. Kellogg has a 12 month low of $59.54 and a 12 month excessive of $77.17. The agency has a market cap of $24.41 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 4.63 and a beta of 0.44. The inventory has a 50-day shifting common worth of $72.53 and a 200 day shifting common worth of $72.28.

Kellogg (NYSE:Okay – Get Ranking) final issued its quarterly earnings outcomes on Thursday, November third. The corporate reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. Kellogg had a internet margin of 10.01% and a return on fairness of 31.96%. The corporate had income of $3.95 billion in the course of the quarter, in comparison with analysts’ expectations of $3.78 billion. Analysis analysts anticipate that Kellogg will publish 4.13 EPS for the present 12 months.

Kellogg introduced that its board has initiated a share buyback plan on Monday, December twelfth that enables the corporate to repurchase $1.50 billion in shares. This repurchase authorization permits the corporate to repurchase as much as 6.2% of its shares via open market purchases. Shares repurchase plans are normally a sign that the corporate’s management believes its inventory is undervalued.

Insider Shopping for and Promoting

In different Kellogg information, main shareholder Kellogg W. Okay. Basis Belief bought 100,000 shares of the corporate’s inventory in a transaction on Monday, December twelfth. The shares had been bought at a median worth of $73.41, for a complete worth of $7,341,000.00. Following the transaction, the insider now immediately owns 56,031,838 shares within the firm, valued at $4,113,297,227.58. The transaction was disclosed in a submitting with the SEC, which is obtainable via the SEC web site. In associated information, main shareholder Kellogg W. Okay. Basis Belief bought 200,000 shares of Kellogg inventory in a transaction that occurred on Thursday, November tenth. The inventory was bought at a median worth of $70.79, for a complete transaction of $14,158,000.00. Following the completion of the sale, the insider now immediately owns 56,231,838 shares of the corporate’s inventory, valued at roughly $3,980,651,812.02. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via the SEC web site. Additionally, main shareholder Kellogg W. Okay. Basis Belief bought 100,000 shares of the corporate’s inventory in a transaction on Monday, December twelfth. The shares had been bought at a median worth of $73.41, for a complete worth of $7,341,000.00. Following the completion of the transaction, the insider now immediately owns 56,031,838 shares within the firm, valued at $4,113,297,227.58. The disclosure for this sale may be discovered right here. Within the final three months, insiders have bought 602,800 shares of firm inventory valued at $43,044,712. 1.40% of the inventory is owned by insiders.

Hedge Funds Weigh In On Kellogg

Numerous hedge funds have lately purchased and bought shares of the enterprise. Vanguard Group Inc. boosted its stake in shares of Kellogg by 2.0% within the third quarter. Vanguard Group Inc. now owns 30,276,057 shares of the corporate’s inventory valued at $2,109,031,000 after shopping for a further 583,666 shares in the course of the interval. BlackRock Inc. grew its holdings in shares of Kellogg by 4.1% in the course of the 1st quarter. BlackRock Inc. now owns 26,845,929 shares of the corporate’s inventory price $1,731,295,000 after buying a further 1,054,740 shares within the final quarter. State Road Corp elevated its place in shares of Kellogg by 1.2% within the second quarter. State Road Corp now owns 14,869,386 shares of the corporate’s inventory price $1,060,782,000 after buying a further 173,266 shares in the course of the interval. Beutel Goodman & Co Ltd. lifted its place in Kellogg by 2.1% in the course of the first quarter. Beutel Goodman & Co Ltd. now owns 5,196,773 shares of the corporate’s inventory price $335,139,000 after buying a further 106,335 shares in the course of the interval. Lastly, Invesco Ltd. grew its stake in Kellogg by 6.3% in the course of the first quarter. Invesco Ltd. now owns 5,137,164 shares of the corporate’s inventory price $331,296,000 after shopping for a further 302,388 shares within the final quarter. 84.51% of the inventory is owned by institutional traders.

Kellogg Firm Profile

(Get Ranking)

Kellogg Firm, along with its subsidiaries, manufactures and markets snacks and comfort meals. The corporate operates via 4 segments: North America, Europe, Latin America, and Asia Center East Africa. Its principal merchandise embrace crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie meals, and noodles.

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Analyst Recommendations for Kellogg (NYSE:K)

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