Kellogg Company (NYSE:K) finished Thursday with a subtraction of $0.0 to close at $63.59, a downside of 0.00 percent. An average of 2,476,980 shares of common stock have been traded in the last five days. There was a fall of -$2.66 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 2,265,415 shares traded, while the 50-day average volume stands at 2,544,954.
K stock has decreased by -6.36% in the last month. The company shares reached their 1-month lowest point of $63.03 on 08/09/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $63.03 and a high of $77.17 in 52 weeks. It has reached a new high 4 times so far this year and lost -10.74% or -$7.65 in price. In spite of this, the price is down -17.60% from the 52-week high.
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Insider Transactions
K stock investors should be aware that Kellogg Company (K) stock had its last reported insider trading activity 1 day ago on Aug 10. In this transaction, the insider spent $6,378,120. 10% Owner, KELLOGG W K FOUNDATION TRUST, disposed of 100,000 shares at a price of $67.55 on Jul 20. The insider now owns more than $6,754,550 worth of shares. Prior to that, 10% Owner KELLOGG W K FOUNDATION TRUST went on to Sale 100,000 shares at $67.10 each on Jul 10. An amount of $6,710,040 was transacted.
Valuation Metrics
Kellogg Company (K) has a trailing price-to-earnings (P/E) ratio of 26.11. The stock’s beta is 0.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.42, the price-to-book (PB) ratio at 5.50, and the price-to-cash flow ratio at 181.17.
The company has a payout ratio of 93.00%. The company’s most recent quarterly dividend payment was $0.60 a share, representing a up of 1.69% from $0.59 last year.
Financial Health
The quick ratio of Kellogg Company for the three months ended June 29 was 0.40, and the current ratio was 0.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.28 and a total debt to equity ratio of 1.70 for the quarter ending June 29. Kellogg Company’s EBITDA margin for the year ending June 29 is 13.82%, while its operating margin for the same period stands at 10.50%. Its gross profit as reported stood at $4.62 billion compared to revenue of $15.31 billion.
Earnings Surprise
For the three-month period that ended June 29, Kellogg Company had $5.08 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $357.0 million in the quarter, while revenues were grew 8.68%. The analyst consensus anticipated Kellogg Company’s latest quarter earnings to come in at $1.11 per share, but it turned out to be $1.25, a 12.60% surprise. For the quarter, EBITDA amounted to $619.0 million. Shareholders own equity worth $342.35 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Kellogg Company (K) price momentum. RSI 9-day as of the close on 10 August was 22.81%, suggesting the stock is oversold, with historical volatility in this time frame at 14.13%.
As of today, K’s price is $64.05 -4.02% or -$2.66 from its 5-day moving average. K is currently trading -5.97% lower than its 20-day SMA and -1.78% lower than its 100-day SMA. However, the stock’s current price level is -4.25% below the SMA50 and -11.97% below the SMA200.
The stochastic %K and %D were 7.56% and 5.02%, respectively, and the average true range (ATR) was 1.12. With the 14-day stochastic at 10.77% and the average true range at 1.09, the RSI (14) stands at 29.79%. The stock has reached -1.59 on the 9-day MACD Oscillator while the 14-day reading was at -2.47.
Analyst Ratings
Goldman upgraded Kellogg Company (NYSE: K) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Kellogg Company (K) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell K, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is K’s price target for the next 12 months?
Analysts predict a range of price targets between $64.00 and $82.00, with a median target of $71.00. Taking a look at these predictions, the average price target given by analysts for Kellogg Company (K) stock is $71.38.
