Jefferies Financial Group initiated coverage on shares of Kellogg (NYSE:K) in a research report released on Wednesday morning, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $74.00 target price on the stock.

Other analysts have also recently issued research reports about the stock. Deutsche Bank initiated coverage on shares of Kellogg in a research note on Wednesday, December 11th. They issued a buy rating and a $74.00 price target on the stock. Bank of America upgraded shares of Kellogg from a neutral rating to a buy rating and boosted their price target for the stock from $53.00 to $75.00 in a research note on Friday, December 20th. BMO Capital Markets upgraded shares of Kellogg from a market perform rating to an outperform rating and boosted their price target for the stock from $70.00 to $79.00 in a research note on Thursday, January 9th. Edward Jones upgraded shares of Kellogg from a hold rating to a buy rating in a research note on Wednesday, October 30th. Finally, Evercore ISI initiated coverage on shares of Kellogg in a research note on Thursday, October 24th. They issued an in-line rating and a $67.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $68.12.

Shares of K stock traded up $0.18 during mid-day trading on Wednesday, reaching $70.44. 1,465,795 shares of the company’s stock traded hands, compared to its average volume of 1,270,974. Kellogg has a 12 month low of $51.34 and a 12 month high of $71.05. The firm has a 50 day moving average price of $68.30 and a two-hundred day moving average price of $63.66. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.52 and a current ratio of 0.80. The firm has a market capitalization of $24.08 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.92 and a beta of 0.53.

Kellogg (NYSE:K) last issued its earnings results on Tuesday, October 29th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.12. The company had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.35 billion. Kellogg had a net margin of 5.35% and a return on equity of 42.47%. Kellogg’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS. As a group, equities analysts expect that Kellogg will post 3.88 earnings per share for the current fiscal year.

In other Kellogg news, SVP Maria Fernanda Mejia sold 2,136 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $63.70, for a total value of $136,063.20. Following the completion of the sale, the senior vice president now directly owns 25,721 shares in the company, valued at $1,638,427.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Gary H. Pilnick sold 20,655 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $63.73, for a total transaction of $1,316,343.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 625,291 shares of company stock worth $41,963,106. Insiders own 0.09% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in shares of Kellogg by 1.1% in the third quarter. Public Employees Retirement System of Ohio now owns 86,335 shares of the company’s stock worth $5,556,000 after buying an additional 977 shares during the last quarter. First Mercantile Trust Co. raised its holdings in shares of Kellogg by 96.0% during the third quarter. First Mercantile Trust Co. now owns 1,842 shares of the company’s stock worth $119,000 after purchasing an additional 902 shares during the last quarter. Evoke Wealth LLC purchased a new position in shares of Kellogg during the third quarter worth $158,000. Doliver Advisors LP purchased a new position in shares of Kellogg during the third quarter worth $228,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Kellogg by 15.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 89,269 shares of the company’s stock worth $4,782,000 after purchasing an additional 12,136 shares during the last quarter. Institutional investors own 86.97% of the company’s stock.

About Kellogg

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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Analyst Recommendations for Kellogg (NYSE:K)

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