Short Term Price Target on Kellogg Company (K)

Kellogg Company (NYSE:K) : 7 Wall Street analysts covering Kellogg Company (NYSE: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.

Shares of Kellogg Company rose by 4.91% in the last five trading days and 9.01% for the last 4 weeks. Kellogg Company is up 5.57% in the last 3-month period. Year-to-Date the stock performance stands at 14.5%. Also, Major Brokerage house, Citigroup maintains its ratings on Kellogg Company (NYSE:K). In the latest research report, Citigroup raises the target price from $84 per share to $90 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 14, 2016.

Kellogg Company (NYSE:K) : Zacks Investment Research ranks Kellogg Company (NYSE:K) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 3.14, which indicates as a Hold.

Kellogg Company (NYSE:K): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $77.58 and $77.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.65, notching a gain of 5.26% for the day. The total traded volume was 9,125,285 . The stock had closed at $77.57 on the previous day.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Financial Officer) of Kellogg Co, Dissinger Ronald L had sold 50,000 shares worth of $3,851,000 in a transaction dated May 12, 2016. In this transaction, 50,000 shares were sold at $77.02 per share.

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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