Kellogg (NYSE:Okay – Get Score) will put up its quarterly earnings outcomes earlier than the market opens on Thursday, February ninth. Analysts count on Kellogg to put up earnings of $0.84 per share for the quarter. Particular person eager about taking part within the firm’s earnings convention name can accomplish that utilizing this hyperlink.
Kellogg (NYSE:Okay – Get Score) final introduced its quarterly earnings outcomes on Thursday, November third. The corporate reported $1.01 EPS for the quarter, topping the consensus estimate of $0.97 by $0.04. The agency had income of $3.95 billion for the quarter, in comparison with analyst estimates of $3.78 billion. Kellogg had a internet margin of 10.01% and a return on fairness of 31.96%. On common, analysts count on Kellogg to put up $4 EPS for the present fiscal yr and $4 EPS for the following fiscal yr.
Kellogg Buying and selling Down 0.5 %
NYSE Okay opened at $68.26 on Thursday. The corporate has a debt-to-equity ratio of 1.20, a fast ratio of 0.46 and a present ratio of 0.74. The agency has a market cap of $23.30 billion, a PE ratio of 15.79, a P/E/G ratio of two.72 and a beta of 0.44. Kellogg has a one yr low of $59.54 and a one yr excessive of $77.17. The agency’s fifty day transferring common is $71.16 and its two-hundred day transferring common is $72.22.
Kellogg declared that its board has authorised a share repurchase plan on Monday, December twelfth that enables the corporate to repurchase $1.50 billion in excellent shares. This repurchase authorization permits the corporate to repurchase as much as 6.2% of its inventory by means of open market purchases. Inventory repurchase plans are normally a sign that the corporate’s board believes its inventory is undervalued.
Insider Shopping for and Promoting
In associated information, main shareholder Kellogg W. Okay. Basis Belief offered 200,000 shares of the enterprise’s inventory in a transaction dated Thursday, November tenth. The shares had been offered at a median value of $70.79, for a complete transaction of $14,158,000.00. Following the sale, the insider now owns 56,231,838 shares of the corporate’s inventory, valued at $3,980,651,812.02. The transaction was disclosed in a authorized submitting with the SEC, which might be accessed by means of this hyperlink. In different Kellogg information, main shareholder Kellogg W. Okay. Basis Belief offered 200,000 shares of Kellogg inventory in a transaction dated Thursday, November tenth. The shares had been offered at a median value of $70.79, for a complete transaction of $14,158,000.00. Following the completion of the transaction, the insider now owns 56,231,838 shares within the firm, valued at $3,980,651,812.02. The sale was disclosed in a doc filed with the SEC, which is accessible by means of this hyperlink. Additionally, main shareholder Kellogg W. Okay. Basis Belief offered 100,000 shares of Kellogg inventory in a transaction dated Monday, December twelfth. The inventory was offered at a median value of $73.41, for a complete transaction of $7,341,000.00. Following the transaction, the insider now owns 56,031,838 shares of the corporate’s inventory, valued at roughly $4,113,297,227.58. The disclosure for this sale might be discovered right here. During the last 90 days, insiders have offered 602,800 shares of firm inventory valued at $42,582,712. Company insiders personal 1.40% of the corporate’s inventory.
Hedge Funds Weigh In On Kellogg
Institutional buyers have just lately modified their holdings of the corporate. Mercer International Advisors Inc. ADV raised its place in shares of Kellogg by 2.7% within the third quarter. Mercer International Advisors Inc. ADV now owns 6,744 shares of the corporate’s inventory valued at $470,000 after shopping for an extra 178 shares over the past quarter. Sawtooth Options LLC acquired a brand new place in Kellogg through the first quarter price roughly $326,000. West Household Investments Inc. acquired a brand new place in Kellogg through the first quarter price roughly $257,000. Beacon Pointe Advisors LLC acquired a brand new place in Kellogg through the first quarter price roughly $234,000. Lastly, XTX Topco Ltd acquired a brand new place in Kellogg through the first quarter price roughly $232,000. Institutional buyers and hedge funds personal 82.59% of the corporate’s inventory.
Analysts Set New Value Targets
Okay has been the subject of quite a few current analysis studies. StockNews.com lowered shares of Kellogg from a “purchase” score to a “maintain” score in a analysis word on Monday. Piper Sandler lowered their goal value on shares of Kellogg to $72.00 in a report on Wednesday, October fifth. Exane BNP Paribas initiated protection on shares of Kellogg in a report on Tuesday, November fifteenth. They issued an “underperform” score and a $66.00 goal value on the inventory. BNP Paribas initiated protection on shares of Kellogg in a report on Tuesday, November fifteenth. They issued an “underperform” score and a $66.00 goal value on the inventory. Lastly, Morgan Stanley lifted their goal value on shares of Kellogg from $72.00 to $74.00 and gave the corporate an “equal weight” score in a report on Tuesday, December twentieth. 4 funding analysts have rated the inventory with a promote score, 4 have given a maintain score and one has given a purchase score to the inventory. In keeping with information from MarketBeat, Kellogg presently has a consensus score of “Maintain” and a median goal value of $72.22.
About Kellogg
Kellogg Co engages within the manufacturing, advertising, and distribution of ready-to-eat cereal and comfort meals. The agency markets cookies, crackers, crisps, and different comfort meals, below manufacturers reminiscent of Kellogg’s, Cheez-It, Pringles, and Austin to supermarkets within the U.S. It operates by means of the next geographical segments: North America, Europe, Latin America, and AMEA(Asia Center East Africa).
Additional Studying
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