The stock of Kellogg Company (NYSE:K) increased by $0.12 on Tuesday to finish at $61.49, up 0.20 percent. The last five days have seen an average of 1,724,740 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$9.75. The average number of shares traded over the last 20 days was 2,202,560, while the average volume over the last 50 days totaled 2,296,792.
K stock dropped -8.07% since last month. On 08/23/23, the company’s shares reached a one-month low of $60.53. The stock touched a high of $77.17 on 01/09/23, after rallying from a low of $60.53 in 52 weeks. The price of K stock has declined by -13.69% or -$9.75 this year, reaching a new high 4 times. Still, the stock price is down -20.32% from the 52-week high.
Insider Transactions
K stock investors should be aware that Kellogg Company (K) stock had its last reported insider trading activity 9 days ago on Aug 21. On Aug 21, 10% Owner KELLOGG W K FOUNDATION TRUST sold 100,000 shares at $61.10 each. This transaction resulted in the insider making $6,109,550. On Aug 10, KELLOGG W K FOUNDATION TRUST sold 100,000 shares at a price of US$63.78. After the transaction, the insider now owns 54,431,838 shares. 10% Owner KELLOGG W K FOUNDATION TRUST had earlier sold 100,000 shares on Jul 20 for $67.55 a share. The transaction was completed for $6,754,550.
Valuation Metrics
Kellogg Company (K) has a trailing price-to-earnings (P/E) ratio of 24.43. Beta for the stock is 0.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 5.32, and the price-to-cash flow ratio of 22.48.
Company paid $0.60 per share in dividends, an increase of 1.69% from $0.59 last year.
Financial Health
For the three months ended June 29, Kellogg Company’s quick ratio was 0.40, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.28, and the total debt to equity ratio is 1.70. As far as profitability goes, gross margin for the trailing twelve months is 30.60% percent. Kellogg Company’s EBITDA margin for the year ended June 29 was 13.82%, whereas its operating margin stood at 10.40% for the same period. Based on annual data, it had gross profit of $4.62 billion and revenue of $15.31 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. K’s return on assets (ROA) during the last 12 months has been 4.70%. There was a 13.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.40%.
Earnings Surprise
According to Kellogg Company’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.04 billion, while revenues rose by 4.38% to $4.05 billion. It was predicted that Kellogg Company’s quarterly earnings would be $1.25, but it ended up being $1.11, beating the consensus by 12.60%. EBITDA was $619.0 million for the quarter. At the end of Kellogg Company’s most recent quarter ended June 29, its liabilities totaled 13.88 billion, while its total debt was $7.44 billion. Equity owned by shareholders amounts to $342.35 million.
Technical Picture
Here’s a quick look at Kellogg Company’s (K) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 33.85%, suggesting the stock is Neutral, with a 10.21% historical volatility rate.
The stochastic %K and %D were 21.07% and 14.98% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 25.46%, the RSI (14) reading is 32.41%. On the 9-day MACD Oscillator, the stock is at 0.15, and the 14-day reading is at -0.61.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on Kellogg Company (NYSE: K) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Kellogg Company (K) an Hold rating. K is a stock that is recommended for selling by 2 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is K’s price target for the next 12 months?
The current consensus forecast for the stock is between $64.00 and $82.00, with a median target price of $71.00. In analyzing these forecasts, the average price target given by analysts for Kellogg Company (K) is $71.61.
