|Bid||60.54 x 900|
|Ask||60.62 x 800|
|Day's Range||60.46 - 61.19|
|52 Week Range||56.40 - 74.98|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||11.42|
|Earnings Date||Feb 7, 2019|
|Forward Dividend & Yield||2.24 (3.67%)|
|1y Target Est||67.95|
BATTLE CREEK, Mich., Dec. 13, 2018 /PRNewswire/ -- The must-make dessert for the holiday season has officially been named as Kellogg's Frosted Flakes® Pear Berry Tart. The recipe was crafted using everyone's morning favorite – cereal – in Kellogg's® first-ever Holiday Baking Challenge. Padma Lakshmi was both host and judge of the event, which challenged four bakers from across the country to create a new holiday menu favorite this season – with a cereal twist.
Latest addition to Frosted Flakes family adds another top-requested flavor to the beloved line-up BATTLE CREEK, Mich. , Dec. 11, 2018 /PRNewswire/ -- Calling all Kellogg's Frosted Flakes ® lovers! This ...
Kellogg Company could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Pittsburgh, PA, based Investment company Kellogg W K Foundation Trust buys SPDR Select Sector Fund - Energy Select Sector during the 3-months ended 2018-09-30, according to the most recent filings of the ...
Goodyear Tire & Rubber Co is halting operations in Venezuela because of dire economic conditions and U.S. sanctions, the company said on Monday, part of an exodus of foreign corporations from the country. Demand for consumer goods has plummeted and firms are unable to import raw materials, leading companies ranging from Kimberly-Clark Corp to Kellogg Co to leave for good. "Goodyear-Venezuela has made the difficult decision to stop producing tires," the firm said in a statement.
Reputable billionaire investors such as Nelson Peltz and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing winning small-cap […]
Favorite consumer snacks get a fresh take in January 2019 BATTLE CREEK, Mich. , Dec. 6, 2018 /PRNewswire/ -- Kellogg's® is launching three delicious snack innovations packed with even more flavor and ...
BATTLE CREEK, Mich., Dec. 4, 2018 /PRNewswire/ -- This January, Kellogg's® Rice Krispies®, the beloved brand that snaps, crackles and pops, will roll out its first new flavor in more than 10 years – Kellogg's Strawberry Krispies®. "Our fans are explorers who constantly seek new varieties, flavors and possibilities," said Chris Stolsky, Associate Director of Marketing for Rice Krispies. Strawberry Krispies delivers on one of fans' top flavor preferences by pairing the simplicity Rice Krispies are known and loved for with a delicious new natural strawberry flavor.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
The majority of Wall Street analysts have been positive on Kraft Heinz (KHC) stock for a while, as the graph below shows. The primary reason behind Wall Street’s favorable outlook has been the company’s rich history of acquiring big brands. Wall Street expects Kraft Heinz to benefit from the consolidation in the food industry. Analysts expect Kraft Heinz will sooner or later announce a big acquisition that could accelerate its sales and earnings growth rate.
Kellogg (K) stock trades at 14.3x its 2018 estimated EPS of $4.31 and 14.2x its 2019 estimated EPS of $4.32, both of which look unattractive based on the projected growth rates of 6.8% and 0.2%, respectively. Kellogg’s top-line growth is likely to slow down in 2019, as the company will annualize its RXBAR acquisition. Meanwhile, an unfavorable mix and pricing pressure could continue to hurt the company.
Kellogg (K) has impressed with its bottom-line performance, as the company managed to improve its EPS despite the pressure on earnings from weak underlying sales and cost headwinds. Kellogg’s adjusted EPS grew at a double-digit rate in the first two quarters of 2018 thanks to the decline in the tax rate following US tax reforms.
Does Recent Decline Make Kellogg Stock Attractive? Kellogg (K) annualized its downward adjustment in list price during the third quarter, which is likely to ease the pricing pressure on margins. Kellogg’s mix shift towards low margin categories and markets is expected to hurt its gross margin rate.
Kellogg’s (K) top-line growth accelerated in 2018 thanks to the company’s recent acquisitions. During the last reported quarter, Kellogg’s RXBAR acquisition and the consolidation of Multipro contributed 8.9% to its top-line growth. However, organic sales were disappointing. Kellogg’s underlying sales remained low in the first three quarters of 2018, reflecting lower net price realization, an adverse mix, and weakness in cereals.
Kellogg stock (K) has fallen about 18% since mid-September as weak organic sales and sluggish margins didn’t sit well with investors. Most of the decline in Kellogg’s stock price followed the company’s soft third-quarter results. Adding to its woes, management lowered the full-year EPS growth guidance, citing an adverse mix, continued cost pressure, and increased interest expenses. On a YTD basis, Kellogg stock has fallen 9.5% and has underperformed the broader markets (SPY). The S&P 500 Index remained flat during the same period.
U.S. stock futures are pointing to a modestly lower open, which would give back a small portion of Monday's rally. Yesterday's gains were the best in nearly three weeks for the Dow and S&P 500.
J.M. Smucker (SJM) is scheduled to announce its results for the second quarter of fiscal 2019 on November 28. Analysts expect J.M. Smucker to report total revenues of $2.1 billion—up 6.7% on a YoY (year-over-year) basis. Analysts expect the company to continue to benefit from the Ainsworth acquisition.
J.M. Smucker (SJM) is expected to announce its results for the second quarter of fiscal 2019 on November 28. Analysts expect J.M. Smucker’s top and bottom line to sustain the momentum in the second quarter due to the Ainsworth acquisition and a decline in the effective tax rate. However, organic sales could remain soft, which reflects lower pricing and weakness in the Folgers brand.