Kellogg Company (K): Why analyst showing interest

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Kellogg Company (NYSE:K) changes shares on Friday trading session, with a change of -2.52% or -$1.65 shares. The trading starts at $65.70 and closed at $65.51 throughout the day. The trading session low price was $63.68 and day high was $66.10 on Friday, June 26. After the session, the Consumer Defensive sector daily volume shifted to 2.58 million while its average volume is 2.38M. In other hand, the K market cap reached to $21.87B. While, its current target price is $63.86 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.78% and down -2.38% for month. Its quarterly performance was 7.38% above, while its half year performance is down -6.99%. K yearly performance stood at positive 20.06% and fall -7.66% for year-to-date. Current recommendation for Kellogg Company is 2.70.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. K EPS (TTM) for 12-month is 3.00. EPS for this year is -26.50%, while for the next year its value is 3.89. Sales growth for the current quarter is 11.98 while its EPS Q/Q reached 22.70%. It has an EPS of 9.80% up for past five years and for the next five years will be up 1.78%.

Let’s take a look on the analyst recommendations on K for the current month and previous month. For the current month, 8 of 21 analysts recommend stock as Buy while 1 as Sell, 1 as overweight, 1 as underweight and 10 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $55.00-$77.00. Average target price for K was reached at $68.05.

Kellogg W K Foundation Trust, Blackrock Inc. and Keybank National Association are the top three holders in Kellogg Company (K) stock. On Mar 30, 2020, Kellogg W K Foundation Trust has 62.13 million shares which valued 3.73 billion. On Mar 30, 2020, Blackrock Inc. owned 25.5 million shares which valued at 1.53 billion. On Mar 30, 2020, Keybank National Association has a total of 23.91 million shares which valued at 1.43 billion. In the end, Keybank National Association have 6.98% shares outstanding of Kellogg Company (K) on Mar 30, 2020. The insider ownership moved to 18.10% and institutional holding shifted to 87.70%.

The company posted an EPS (TTM) of 3.00. According to the most recent quarter report on (Jun 2020), 16 analysts estimated an average EPS of 0.93, while 0.99 EPS posted a year ago period. Analyst Estimated EPS for K published in the report was 0.9-0.97 during the same period. Comparing with last year, the average estimated EPS was 0.99 which is equal to 0.99 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for K fall -1.28% for period of 200 days. SMA for 50 days was -1.45% which is showing red signal, while SMA-20 was -3.20%. The moving average value for Kellogg Company (K) is 65.15 and 64.85 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in K stock. On Jun 22, KELLOGG W K FOUNDATION TRUST, 10% Owner, sold 100,000 trading shares at the cost of $66.72, which valued at 6.67 million. On Jun 10, KELLOGG W K FOUNDATION TRUST, 10% Owner, sold 100,000 shares at the cost of $66.53, with total shares of 61,631,838. On May 20, KELLOGG W K FOUNDATION TRUST, 10% Owner, sold 100,000 shares at the cost of 62.31. After this transaction, KELLOGG W K FOUNDATION TRUST total shares reached to 61,731,838 which valued at 6.23 million.