Citigroup Maintains Kellogg Company to Buy with Price Target $90.00

Brokerage firm Citigroup Maintains its rating on Kellogg Company(NYSE:K). In a research note issued to the investors, the brokerage major Raises the price-target to $90.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Apr 14, 2016.

In a different note, On Mar 16, 2016, Goldman Sachs said it Upgrades its rating on Kellogg Company. In the research note, the firm Raises the price-target to $67.00 per share. The shares have been rated ‘Neutral’ by the firm. UBS said it Initiates Coverage on Kellogg Company, according to a research note issued on Feb 24, 2016. The shares have been rated ‘Neutral’ by the firm. On Feb 17, 2016, Nomura said it Maintains its rating on Kellogg Company. In the research note, the firm Lowers the price-target to $80.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 8, 2016, Deutsche Bank said it Maintains its rating on Kellogg Company. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Hold’ by the firm.

Kellogg Company (K) made into the market gainers list on Mondays trading session with the shares advancing 0.15% or 0.12 points. Due to strong positive momentum, the stock ended at $77.67, which is also near the day’s high of $77.85. The stock began the session at $77.41 and the volume stood at 13,99,189 shares. The 52-week high of the shares is $78.1 and the 52 week low is $61.13. The company has a current market capitalization of $27,204 M and it has 35,02,57,020 shares in outstanding.

Kellogg Company(K) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $3.12B. Analysts had an estimated revenue of $3.17B. Earnings per share were $0.79. Analysts had estimated an EPS of $0.75.

Several Insider Transactions has been reported to the SEC. On Nov 30, 2015, Ronald L Dissinger (Chief Financial Officer) sold 40,600 shares at $69.25 per share price.Also, On Nov 25, 2015, John A Bryant (director officer 10% owner (Chairman, Pres. & CEO) sold 133,180 shares at $67.85 per share price.On Nov 25, 2015, Paul T Norman (Senior Vice President) sold 44,145 shares at $68.58 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company’s cereal products are generally marketed under the Kellogg’s name and are sold to the grocery trade through direct sales forces for resale to consumers. The Company also markets cookies crackers crisps and other convenience foods under brands such as Kellogg’s Keebler Cheez-It Murray Austin and Famous Amos to supermarkets in the United States through a direct store-door (DSD) delivery system although other distribution methods are also used. The Company uses broker and distributor arrangements for certain products. It also uses similar arrangements in less-developed market areas or in those market areas outside of its focus.

Leave a Reply

Kellogg Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kellogg Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.