Somewhat Positive Media Coverage Somewhat Unlikely to Affect Kellogg (K) Share Price

Media headlines about Kellogg (NYSE:K) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kellogg earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8980975311676 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Kellogg (NYSE K) traded down $1.29 during midday trading on Friday, hitting $64.69. The stock had a trading volume of 4,940,161 shares, compared to its average volume of 2,790,735. Kellogg has a 52-week low of $58.76 and a 52-week high of $76.69. The stock has a market capitalization of $22,348.65, a PE ratio of 28.88, a P/E/G ratio of 2.45 and a beta of 0.52. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.43 and a current ratio of 0.68.

Kellogg (NYSE:K) last released its earnings results on Tuesday, October 31st. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Kellogg had a return on equity of 73.92% and a net margin of 6.15%. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. equities research analysts expect that Kellogg will post 4.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.54 per share. The ex-dividend date was Thursday, November 30th. This represents a $2.16 annualized dividend and a dividend yield of 3.34%. Kellogg’s dividend payout ratio (DPR) is presently 96.43%.

Kellogg announced that its board has approved a stock repurchase plan on Friday, December 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

K has been the subject of a number of research reports. Piper Jaffray Companies downgraded Kellogg from an “overweight” rating to a “neutral” rating and set a $78.00 price objective for the company. in a report on Tuesday, September 19th. Bank of America reissued an “underperform” rating and issued a $66.00 target price (down from $72.00) on shares of Kellogg in a research note on Monday, October 9th. Morgan Stanley cut their target price on Kellogg from $70.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday, October 13th. Royal Bank of Canada set a $81.00 target price on Kellogg and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group cut their target price on Kellogg from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, October 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $71.15.

In related news, Chairman John A. Bryant sold 190,000 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $63.01, for a total transaction of $11,971,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven A. Cahillane acquired 15,930 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average cost of $62.70 per share, for a total transaction of $998,811.00. Following the completion of the transaction, the chief executive officer now directly owns 15,930 shares of the company’s stock, valued at $998,811. The disclosure for this purchase can be found here. Insiders have sold 349,754 shares of company stock worth $22,304,119 over the last ninety days. 1.30% of the stock is currently owned by insiders.

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Kellogg Company Profile

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s 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.

Insider Buying and Selling by Quarter for Kellogg (NYSE:K)

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