As of Friday close, Kellogg Company’s (NYSE:K) stock was down -$0.25, moving down -0.41 percent to $60.21. The average number of shares traded per day over the past five days has been 2,324,800 shares. 4 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 2,531,270, while in the previous 50 days, it was 2,327,838.
Since last month, K stock retreated -1.05%. Shares of the company fell to $58.81 on 09/13/23, the lowest level in the past month. A 52-week high of $77.17 was reached on 01/09/23 after having rallying from a 52-week low of $58.81. Since the beginning of this year, K’s stock price has dropped by -15.48% or -$11.03, and marked a new high 4 times. However, the stock has declined by -21.98% since its 52-week high.
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K stock investors should be aware that Kellogg Company (K) stock had its last reported insider trading activity 2 days ago on Sep 21. KELLOGG W K FOUNDATION TRUST, the 10% Owner of the company, disposed of 77,800 shares for $60.79 on Sep 21. It resulted in a $4,729,501 divestment by the insider. KELLOGG W K FOUNDATION TRUST sold 77,800 shares at an average price of $59.66 on Sep 14. The insider now owns 54,176,238 shares following the transaction. On Sep 07, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77,800 shares at $59.42 apiece. The transaction was valued at $4,622,658.
Valuation Metrics
Right now, Kellogg Company (K) has a P/E ratio of about 23.92. The stock’s beta is 0.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.30, the price-to-book (PB) ratio of 5.21, and the price-to-cash flow ratio of 22.15 may also be considered.
The latest dividend of $0.60 per share was paid out, which is 1.69% more than last year’s $0.59. On Friday July 28 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Kellogg Company’s quick ratio stood at 0.40, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.28, and the total debt-to-equity ratio was 1.70. On the profitability front, the trailing twelve-month gross margin is 30.60% percent. In the year ended June 29, EBITDA margin amounted to 13.82%, whereas operating margins totaled 10.40%. Based on annual data, K earned $4.62 billion in gross profit and brought in $15.31 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 13.20%. Return on equity (ROE) for the past 12 months was 21.40%.
In Kellogg Company’s quarter-end financial report for June 29, it reported total debt of $5.08 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. K’s revenue rose 4.38% to $4.05 billion during the quarter, while net income inched up to $4.04 billion. While analysts expected Kellogg Company to report $1.11 quarterly earnings, the actual figure was $1.25 per share, beating the consensus estimate by 12.60%. During the quarter, the company generated $619.0 million in EBITDA. The liabilities of Kellogg Company were 13.88 billion at the end of its most recent quarter ended June 29, and its total debt was $7.44 billion. The value of shareholders’ equity is $342.35 million.
Technical Picture
This quick technical analysis looks at Kellogg Company’s (K) price momentum. With a historical volatility rate of 12.25%, the RSI 9-day stood at 46.78% on 22 September.
With respect to its five-day moving average, the current Kellogg Company price is up by +0.42% percent or $0.25. At present, K shares trade -1.02% below its 20-day simple moving average and -14.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.97% below its SMA50 and -17.91% below its SMA200.
Stochastic coefficient K was 65.44% and Stochastic coefficient D was 59.05%, while ATR was 0.84. Given the Stochastic reading of 61.32% for the 14-day period, the RSI (14) reading has been calculated as 42.03%. As of today, the MACD Oscillator reading stands at 0.44, while the 14-day reading stands at 0.64.
Analyst Ratings
TD Cowen launched its rating on Kellogg Company (NYSE: K) to a Market perform in a note to investors on September 13, 2023. Kellogg Company (K) has been rated Hold by analysts. According to 2 brokerage firms, K is a sell, and 14 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Kellogg Company stock as buy, with 1 recommending it as overweight.
With a median target price of $70.90, the current consensus forecast for the stock is $63.00 – $82.00. Based on these forecasts, analysts predict Kellogg Company (K) will achieve an average price target of $70.49.
