Kellogg Company (K) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.
Kellogg Company (K) : The highest level Kellogg Company (K) is projected to reach is $92 for the short term and the lowest estimate is at $78. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $83.75 and the possibility the share price can swing is $5.39.
Company shares have received an average consensus rating of Hold for the current week Kellogg Company (NYSE:K): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $83.17 and $83.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $84.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $83.46, notching a gain of 0.60% for the day. The total traded volume was 1,837,505 . The stock had closed at $82.96 on the previous day.
In a related news,The officer (Chief Financial Officer) of Kellogg Co, Dissinger Ronald L sold 50,000 shares at $77.02 on May 12, 2016. The Insider selling transaction had a total value worth of $3,851,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.