Argus Research Has Just Given Kellogg (NYSE:K) a Higher Rating. The Target Price per Share is $73.0

March 4, 2018 - By Adrian Mccoy

  Argus Research Has Just Given Kellogg (NYSE:K) a Higher Rating. The Target Price per Share is $73.0

Investors sentiment increased to 0.86 in 2017 Q3. Its up 0.03, from 0.83 in 2017Q2. It improved, as 60 investors sold Kellogg Company shares while 205 reduced holdings. 47 funds opened positions while 180 raised stakes. 307.00 million shares or 3.54% more from 296.50 million shares in 2017Q2 were reported.

Mirae Asset Global Investments Communications Limited owns 5,907 shares or 0.01% of their US portfolio. Banque Pictet Cie has invested 0.06% in Kellogg Company (NYSE:K). Credit Suisse Ag accumulated 579,730 shares. Arrow Fincl accumulated 0.03% or 2,045 shares. Soros Fund Mngmt Ltd Liability holds 0.57% in Kellogg Company (NYSE:K) or 382,697 shares. 24,637 are owned by Asset Mngmt. Riverhead Cap Mgmt Limited Company has 18,694 shares. Quantbot Limited Partnership reported 67,954 shares or 0.41% of all its holdings. Schroder Inv Mgmt Gp has invested 0.25% in Kellogg Company (NYSE:K). Georgia-based Vident Inv Advisory Lc has invested 0.03% in Kellogg Company (NYSE:K). Moreover, Aperio Group Ltd Com has 0.04% invested in Kellogg Company (NYSE:K). Comm Bank & Trust owns 39,831 shares. Tarbox Family Office accumulated 128 shares or 0% of the stock. 109,808 are owned by Sei Investments. Bank & Trust Of Nova Scotia Trust invested 0.01% of its portfolio in Kellogg Company (NYSE:K).

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $165.18 billion activity.

Kellogg (NYSE:K) Stock Upgrade

In a research note issued earlier today, Argus Research raised shares of Kellogg (NYSE:K) to a “Buy”. Analysts currently have a $73.0 price target on the shares. Argus Research’s price target would suggest a ppossible upside of 7.86 % from the previous stock close of the stock.

Investors sentiment increased to 0.86 in 2017 Q3. Its up 0.03, from 0.83 in 2017Q2. It improved, as 60 investors sold Kellogg Company shares while 205 reduced holdings. 47 funds opened positions while 180 raised stakes. 307.00 million shares or 3.54% more from 296.50 million shares in 2017Q2 were reported.

Mirae Asset Global Investments Communications Limited owns 5,907 shares or 0.01% of their US portfolio. Banque Pictet Cie has invested 0.06% in Kellogg Company (NYSE:K). Credit Suisse Ag accumulated 579,730 shares. Arrow Fincl accumulated 0.03% or 2,045 shares. Soros Fund Mngmt Ltd Liability holds 0.57% in Kellogg Company (NYSE:K) or 382,697 shares. 24,637 are owned by Asset Mngmt. Riverhead Cap Mgmt Limited Company has 18,694 shares. Quantbot Limited Partnership reported 67,954 shares or 0.41% of all its holdings. Schroder Inv Mgmt Gp has invested 0.25% in Kellogg Company (NYSE:K). Georgia-based Vident Inv Advisory Lc has invested 0.03% in Kellogg Company (NYSE:K). Moreover, Aperio Group Ltd Com has 0.04% invested in Kellogg Company (NYSE:K). Comm Bank & Trust owns 39,831 shares. Tarbox Family Office accumulated 128 shares or 0% of the stock. 109,808 are owned by Sei Investments. Bank & Trust Of Nova Scotia Trust invested 0.01% of its portfolio in Kellogg Company (NYSE:K).

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $165.18 billion activity.

Kellogg Company (NYSE:K) Ratings Coverage

Among 26 analysts covering Kellogg Company (NYSE:K), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. Kellogg Company has $100 highest and $6200 lowest target. $74.63’s average target is 10.27% above currents $67.68 stock price. Kellogg Company had 71 analyst reports since August 5, 2015 according to SRatingsIntel. As per Monday, November 23, the company rating was upgraded by Credit Suisse. As per Friday, May 5, the company rating was maintained by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, August 5 with “Sector Perform”. As per Thursday, February 15, the company rating was maintained by Piper Jaffray. Credit Suisse maintained the shares of K in report on Friday, October 20 with “Neutral” rating. The company was maintained on Monday, July 24 by Stifel Nicolaus. The firm has “Hold” rating by Susquehanna given on Wednesday, June 14. RBC Capital Markets maintained it with “Hold” rating and $81.0 target in Wednesday, October 18 report. The rating was downgraded by PiperJaffray on Tuesday, September 19 to “Neutral”. As per Monday, June 19, the company rating was maintained by RBC Capital Markets.

The stock increased 1.97% or $1.31 during the last trading session, reaching $67.68. About 2.29M shares traded. Kellogg Company (NYSE:K) has declined 5.60% since March 4, 2017 and is downtrending. It has underperformed by 22.30% the S&P500.

Analysts await Kellogg Company (NYSE:K) to report earnings on May, 3. They expect $1.07 EPS, up 0.94 % or $0.01 from last year’s $1.06 per share. K’s profit will be $369.95M for 15.81 P/E if the $1.07 EPS becomes a reality. After $0.96 actual EPS reported by Kellogg Company for the previous quarter, Wall Street now forecasts 11.46 % EPS growth.

Kellogg Company manufactures and markets ready-to-eat cereal and convenience foods in the United States and internationally. The company has market cap of $23.40 billion. The firm operates through U.S. It has a 18.7 P/E ratio. Morning Foods, U.S.

More notable recent Kellogg Company (NYSE:K) news were published by: Seekingalpha.com which released: “Kellogg Is Looking Very Tasty” on February 15, 2018, also Prnewswire.com with their article: “Kellogg Company Named One Of The 2018 World’s Most Ethical Companies® By The …” published on February 14, 2018, Prnewswire.com published: “Kellogg Company Provides Additional Method of 4Q17 Webcast Access” on February 08, 2018. More interesting news about Kellogg Company (NYSE:K) were released by: Prnewswire.com and their article: “Kellogg Company Reports 2017 Fourth Quarter Results” published on February 08, 2018 as well as Prnewswire.com‘s news article titled: “Kellogg’s® Celebrates Team USA’s Jamie Anderson With Gold Medal Edition …” with publication date: March 01, 2018.

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