Kellogg Company (K) has risen sharply, recording gains of 1.36% in the past 4 weeks. However, the stock has corrected -0.18% in the past 1 week, providing a good buying opportunity on dips. Kellogg Company (K) : During the past 4 weeks, traders have been relatively bearish on Kellogg Company (K), hence the stock is down -1.93% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.12% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.36% and the 50-Day Moving Average is 5.06%. Kellogg Company is up 8.4% in the last 3-month period. Year-to-Date the stock performance stands at 15.98%.
Kellogg Company (NYSE:K): stock turned positive on Friday. Though the stock opened at $81.92, the bulls momentum made the stock top out at $83.09 level for the day. The stock recorded a low of $81.8005 and closed the trading day at $82.71, in the green by 1.12%. The total traded volume for the day was 1,943,306. The stock had closed at $81.79 in the previous days trading.
Also, Equity Analysts at the Deutsche Bank maintains the rating on Kellogg Company (NYSE:K). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $74 per share to $78 per share. The rating by the firm was issued on July 29, 2016.
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Companys 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. The Companys cereal products are generally marketed under the Kelloggs name and are sold to the grocery trade through direct sales forces for resale to consumers. The Company also markets cookies, crackers, crisps and other convenience foods, under brands, such as Kelloggs, Keebler, Cheez-It, Murray, Austin and Famous Amos, to supermarkets in the United States through a direct store-door (DSD) delivery system, although other distribution methods are also used. The Company uses broker and distributor arrangements for certain products. It also uses similar arrangements, in less-developed market areas or in those market areas outside of its focus.