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Stocks That Fell to 3-Year Lows in the Week of Feb. 15

- By Shuda Xia

Kellogg Co. (NYSE:K), Goodyear Tire & Rubber Co. (GT), GameStop Corp. (GME), and AGNC Investment Corp. (AGNC) have declined to their three-year lows.

Kellogg Co. (NYSE:K) declined to $56.79

The prices of Kellogg Co. (NYSE:K) shares have declined to $56.79 on Feb. 15, which is only 4.7% above the 3-year low of $54.14.


Kellogg Co. is an American international food manufacturing company that focuses on producing cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, and vegetarian foods. The company is a component of the S&P 500 and its products are marketed in over 180 countries.

Kellogg Co. has a market cap of $19.54 billion; its shares were traded around $56.79 with a P/E ratio of 14.83 and P/S ratio of 1.45. The trailing 12-month dividend yield of Kellogg Co. stocks is 3.87%. The forward dividend yield of Kellogg Co. stocks is 3.96%.

On Feb. 7 Kellogg Co. reported fourth quarter and full year 2018 results. Reported net sales for the quarter were $3.317 billion, compared to reported net sales of $3.185 billion during the same quarter prior year. Adjusted operating profit was $326 million for the quarter, compared to operating profits of $446 during the same quarter prior year.

Goodyear Tire & Rubber Co. (GT) declined to $18.79

The prices of Goodyear Tire & Rubber Co. (GT) shares have declined to $18.79 on Feb. 15, which is only 4.8% above the 3-year low of $17.88.

Goodyear Tire & Rubber Co. is an American international tire manufacturing company that manufactures tires for automobiles, commercial trucks, light trucks, airplanes, and farm equipment. The company is one of the top four tire manufactures along with Bridgestone, Michelin, and Continental.

Goodyear Tire & Rubber Co. has a market cap of $4.36 billion; its shares were traded around $18.79 with a P/E ratio of 6.45 and P/S ratio of 0.29. The trailing 12-month dividend yield of Goodyear Tire & Rubber Co. stocks is 3.19%. The forward dividend yield of Goodyear Tire & Rubber Co. stocks is 3.47%. Goodyear Tire & Rubber Co. had an annual average earnings growth of 9.70% over the past 10 years.

On Feb. 8 Goodyear Tire & Rubber Co. reported results for the fourth quarter and full year 2018. Sales for the quarter were $3.9 billion, a 5% decrease compared to sales of $4.1 billion during the same quarter prior year. Tire unit volumes totaled 40.7 million, a decrease of 3% from 42.0 million a year ago. Net income for the quarter was $110 million, compared to a net loss of $96 million during the same quarter prior year.

GameStop Corp. (GME) declined to $11.43

The prices of GameStop Corp. (GME) shares have declined to $11.43 on Feb. 15, which is only 3.8% above the 3-year low of $11.00.

GameStop Corp. is an American international video game, consumer electronics, and wireless services retailer. The company operates 7,267 retail stores in the United States, Canada, Australia, New Zealand, and Europe. The company's retail stores primarily operate under the GameStop, EB Games, ThinkGeek, and Micromania brands.

GameStop Corp. has a market cap of $1.17 billion; its shares were traded around $11.43 with and P/S ratio of 0.12. The trailing 12-month dividend yield of GameStop Corp. stocks is 13.28%. The forward dividend yield of GameStop Corp. stocks is 13.42%. GameStop Corp. had an annual average earnings growth of 1.70% over the past 10 years.

On Jan. 29 GameStop Corp. announced that its Board of Directors has concluded its previously announced efforts to pursue the sale of the company. In June of 2018, the company's Board with outside financial and legal advisors commenced a review of a wide range of alternatives to enhance shareholder value. The Board undertook discussions with third parties regarding a potential sale of the company, but now the Board has now terminated efforts to pursue the sale of the company because of the lack of available financing.

AGNC Investment Corp. (AGNC) declined to $17.62

The prices of AGNC Investment Corp. (AGNC) shares have declined to $17.62 on Feb. 15, which is only 3.7% above the 3-year low of $16.96.

AGNC Investment Corp. is an American internally managed mortgage real estate investment trust that focuses on investing in agency mortgage backed securities on a leveraged basis. The company generates income from the interest earned on their investment assets, net of associated borrowing and hedging costs, and net realized gains and losses on their investments.

AGNC Investment Corp. has a market cap of $9.45 billion; its shares were traded around $17.62 with a P/E ratio of 29.37 and P/S ratio of 5.04. The trailing 12-month dividend yield of AGNC Investment Corp. stocks is 12.25%. The forward dividend yield of AGNC Investment Corp. stocks is 12.21%.

On Feb. 12 AGNC Investment Corp. announced that its Board of Directors has declared a cash dividend of $0.18 per share of common stock. The dividend is payable on March 11 to common stockholders of record at the end of business on Feb. 28.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.