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Company Update: Kellogg Company (NYSE:K) – Kellogg Company Elects Richard W. Dreiling to Board of Directors

[PR Newswire] – BATTLE CREEK, Mich., June 15, 2016 /PRNewswire/ — Kellogg Company announced today the election of Richard W. Dreiling to its board of directors. Tweetable Highlights: @KelloggCompany welcomes Richard … Read more on this. Kellogg Company (K) , with a current value of $26.73B, opened this morning at $76.87. Looking at the equity, the company’s one day range is $75.82 to $77.09 and has traded between $61.99 and $78.26 over the past 12 months. K shares are currently priced at 20.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.19x forward p/e ratio. And for income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.56%. According to a consensus of 18 analysts, the earnings estimate of $0.91 per share would be $0.01 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.70, which would be a $0.17 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.37 Billion. If realized, that would be a 3.16% decrease over the year-ago quarter. More recently, Goldman upgraded K from Sell to Neutral (Mar 16, 2016). Previously, Credit Agricole upgraded K from Underperform to Outperform. Given all the information above, we should disclose to readers that the average price target is $77.69, which is 1.07% above than it opened this morning. See more in (NYSE:K) Similar Articles: Market Update: Kellogg Company (NYSE:K) – Kellogg Company 2016 First Quarter Results Conference Call / Webcast Stock Update: Kellogg Company (NYSE:K) – Kellogg Company to Webcast Presentation at 2016 CAGNY Conference Market Update: Kellogg Company (NYSE:K) – Kellogg Company 2015 Full-Year & Fourth Quarter Results Conference Call / Webcast
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