Kellogg Company (NYSE:K) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.14 by 14 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Kellogg Company (NYSE:K). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $90 per share from a prior target of $84. The rating by the firm was issued on April 14, 2016.
Kellogg Company (NYSE:K) should head towards $76 per share according to 7 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $70 per share. The higher price estimate target is at $85 according to the Analysts.
Kellogg Company (NYSE:K) rose 0.61% or 0.47 points on Tuesday and made its way into the gainers of the day. After trading began at $77.12 the stock was seen hitting $77.71 as a peak level and $76.96 as the lowest level. The stock ended up at $77.33. The daily volume was measured at 1,735,396 shares. The 52-week high of the share price is $78.26 and the 52-week low is $61.99. The company has a market cap of $27,069 million.
Shares of Kellogg Company rose by 0.59% in the last five trading days and 4.77% for the last 4 weeks. Kellogg Company is up 4.59% in the last 3-month period. Year-to-Date the stock performance stands at 8.44%.
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.