Stock on Demand This Week: Kellogg Company (K)

Kellogg Company (NYSE:K) saw a downside of -1.48% to $61.44 after subtracting -$0.92 on Wednesday. The 5-day average trading volume is 1,823,854 shares of the company’s common stock. It has gained $64.40 in the past week. An average of 1,986,668 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,040,005.

K’s 1-month performance is -1.64% or -$1.84 on its low of $61.52 reached on 10/13/21. The company’s shares have touched a 52-week low of $56.61 and high of $68.60, with the stock’s rally to the 52-week high happening on 05/14/21. YTD, K has achieved 0.21% or -$0.67. However, the current price is down -10.44%% from the 52-week high price.

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Insider Transactions

On Oct 11, 2 days have gone by since the last insider trading activity for Kellogg Company (K). KELLOGG W K FOUNDATION TRUST (10% Owner) most recently sold 83,333 shares at $62.73 per share on Oct 11. This transaction cost the insider $5,227,862. 10% Owner, KELLOGG W K FOUNDATION TRUST, sold 83,334 shares at a price of $63.43 on Sep 20. Then, on Sep 10, 10% Owner KELLOGG W K FOUNDATION TRUST sold 83,333 shares at a price of $62.61 per share. This transaction amounted to $5,217,296.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 39.20 and a low of 10.53. K stock has a beta of 0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 6.32, with the price to cash flow ratio at 64.85.

Kellogg Company pays an annual dividend of $2.32 per share. Its dividend yield is 3.78% and the payout ratio is 60.20%. K’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.58 a share compared with prior rate of $0.58, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Friday April 30 2021. Measured over the last 3 years, the Dividend has been growing by 7.55% yearly.

It is projected that Kellogg Company’s next ex-dividend date will be on 1-Dec. K is expected to distribute $0.58 as its next dividend.

Kellogg Company’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.80 meaning that K stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.09, while the total debt to equity was 2.26. In terms of profitability, the gross margin trailing 12 months is 33.70%. The trailing 12-month EBITDA margin is 16.42% while for the period ending June 29; Kellogg Company’s operating margin was 12.70%. The firm’s gross profit as reported stood at $4.73 billion against revenue of $13.77 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected K to announce $1.03 per share in earnings in its latest quarter, but it posted $1.14, representing a 10.70% surprise. EBITDA for the quarter stood at more than $624.0 million. K stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 14.33 billion, with total debt at $8.26 billion. Shareholders hold equity totaling $340.88 million

Technical Picture

Let’s look briefly at Kellogg Company (K) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 30.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.68%.

The stock’s 5-day moving average is $62.50, reflecting a -4.41% or -$2.84 change from its current price. K is currently trading -3.63% above its 20-day SMA, -7.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.22% and -1.25% respectively.

Stochastic %K and %D was 5.25% and 8.39% and the average true range (ATR) pointed at 0.99. The RSI (14) points at 36.10%, while the 14-day stochastic is at 0.94% with the period’s ATR at 0.99. The stock’s 9-day MACD Oscillator is pointing at -1.03 and -1.37 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for K stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate K as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.

What is K’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $54.00 and a high of $76.00, with their median price target at $67.00. Looking at these predictions, the average price target given by analysts is for Kellogg Company (K) stock is $67.86.


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