Equities research analysts expect that Kellogg (NYSE:K) will report earnings of $0.95 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Kellogg’s earnings, with the lowest EPS estimate coming in at $0.90 and the highest estimate coming in at $1.00. Kellogg reported earnings of $1.19 per share during the same quarter last year, which would indicate a negative year over year growth rate of 20.2%. The business is expected to report its next quarterly earnings results on Thursday, May 2nd.

On average, analysts expect that Kellogg will report full year earnings of $3.99 per share for the current fiscal year, with EPS estimates ranging from $3.85 to $4.11. For the next year, analysts anticipate that the business will report earnings of $4.26 per share, with EPS estimates ranging from $4.03 to $4.50. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Kellogg.

Kellogg (NYSE:K) last released its earnings results on Thursday, February 7th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.31 billion. Kellogg had a return on equity of 47.10% and a net margin of 9.86%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Kellogg from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Credit Suisse Group set a $54.00 target price on Kellogg and gave the stock a “hold” rating in a research report on Saturday, February 9th. Royal Bank of Canada restated a “hold” rating and set a $67.00 target price on shares of Kellogg in a research report on Wednesday, December 19th. BMO Capital Markets dropped their target price on Kellogg to $62.00 and set a “market perform” rating for the company in a research report on Friday, February 8th. Finally, Deutsche Bank set a $60.00 target price on Kellogg and gave the stock a “hold” rating in a research report on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Kellogg has a consensus rating of “Hold” and an average price target of $64.92.

Shares of K stock traded up $0.46 on Friday, reaching $54.27. 3,496,398 shares of the stock were exchanged, compared to its average volume of 2,944,810. The company has a market cap of $18.66 billion, a P/E ratio of 12.53, a PEG ratio of 3.25 and a beta of 0.54. Kellogg has a one year low of $53.14 and a one year high of $74.98. The company has a quick ratio of 0.40, a current ratio of 0.70 and a debt-to-equity ratio of 2.60.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a $0.56 dividend. The ex-dividend date was Monday, March 4th. This represents a $2.24 dividend on an annualized basis and a yield of 4.13%. Kellogg’s dividend payout ratio is presently 51.73%.

In related news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the company’s stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $58.24, for a total value of $5,824,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 600,000 shares of company stock valued at $34,087,000 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in K. APG Asset Management N.V. increased its holdings in shares of Kellogg by 1,277.4% in the fourth quarter. APG Asset Management N.V. now owns 2,658,632 shares of the company’s stock worth $132,589,000 after acquiring an additional 2,465,620 shares in the last quarter. Norges Bank acquired a new position in shares of Kellogg during the fourth quarter worth about $131,475,000. BlackRock Inc. boosted its position in shares of Kellogg by 9.0% during the fourth quarter. BlackRock Inc. now owns 26,334,804 shares of the company’s stock worth $1,501,346,000 after buying an additional 2,171,811 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Kellogg by 327.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 2,077,844 shares of the company’s stock worth $118,457,000 after buying an additional 1,591,469 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Kellogg by 5,672.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,568,573 shares of the company’s stock worth $28,000 after buying an additional 1,541,399 shares during the period. Institutional investors own 85.33% of the company’s stock.

Kellogg Company Profile

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

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