News coverage about Kellogg (NYSE:K) has trended somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kellogg earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.313658792826 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

K has been the subject of a number of research analyst reports. Citigroup upped their price target on Kellogg from $86.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. UBS Group cut their price target on Kellogg from $72.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Credit Suisse Group boosted their price objective on Kellogg from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday. Argus upgraded Kellogg from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Wednesday, November 22nd. Finally, Piper Jaffray Companies set a $72.00 price objective on Kellogg and gave the company a “hold” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Kellogg currently has a consensus rating of “Hold” and an average price target of $73.27.

Shares of Kellogg (K) opened at $64.21 on Thursday. The stock has a market capitalization of $22,160.00, a P/E ratio of 28.67, a PEG ratio of 2.39 and a beta of 0.47. The company has a current ratio of 0.68, a quick ratio of 0.43 and a debt-to-equity ratio of 3.71. Kellogg has a 1 year low of $58.76 and a 1 year high of $76.69.

Kellogg announced that its board has initiated a share repurchase plan on Friday, December 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 78,606 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $65.14, for a total value of $5,120,394.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Kellogg W. K. Foundation Trust sold 44,515 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $65.11, for a total value of $2,898,371.65. Following the completion of the sale, the insider now owns 67,887,323 shares in the company, valued at $4,420,143,600.53. The disclosure for this sale can be found here. Insiders sold 306,316 shares of company stock worth $20,381,841 over the last quarter. Company insiders own 1.30% of the company’s stock.

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Kellogg Company Profile

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.

Insider Buying and Selling by Quarter for Kellogg (NYSE:K)

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