Kellogg Company (K) : Analyst Rating Update

Kellogg Company (K) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Kellogg Company (K) : 7 Wall Street analysts covering Kellogg Company (K) believe that the average level the stock could reach for the short term is $76. The maximum price target given is $85 and the minimum target for short term is around $70, hence the standard deviation is calculated at $5.8.

Kellogg Company (NYSE:K): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.17 and $81.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.48, notching a gain of 0.27% for the day. The total traded volume was 2,938,242 . The stock had closed at $82.26 on the previous day.

Also, Brokerage firm Citigroup maintains its rating on Kellogg Company (NYSE:K). As per the latest information, the brokerage house raises the price target to $90 per share from a prior target of $84. The shares have been rated Buy. The rating by the firm was issued on April 14, 2016. The company shares have rallied 29.18% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $82.59 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $76.49 and the 200 Day Moving Average price is recorded at $74.98.

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Companys 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 Companys cereal products are generally marketed under the Kelloggs 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 Kelloggs, 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.

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