Kellogg Company (K) : 7 investment research analysts covering Kellogg Company (K) have an average price target of $76 for the near short term. The highest target price given by the Brokerage Firm to the stock is $85 and the lowest target is $70 for the short term. Analysts expect the variance to be within $5.8 of the average price.
Kellogg Company (K) stated loss of 745,824 shares or 12.5% in the short interest. The short interest registered from 5,972,851 on June 15,2016 to 5,227,027 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.5%. The stock has been averaging 2,614,540 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Citigroup maintains their rating on the shares of Kellogg Company (NYSE:K). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $90 per share from $84 per share. The rating by the firm was issued on April 14, 2016.
Kellogg Company (NYSE:K): stock turned positive on Thursday. Though the stock opened at $83, the bulls momentum made the stock top out at $85.7 level for the day. The stock recorded a low of $83 and closed the trading day at $85.32, in the green by 2.66%. The total traded volume for the day was 7,542,209. The stock had closed at $83.11 in the previous days trading.
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.