Market Update: Kellogg Company (NYSE:K) – Kellogg Company 2015 Full-Year & Fourth Quarter Results Conference Call / Webcast

[PR Newswire] – BATTLE CREEK, Mich., Jan. 20, 2016 /PRNewswire/ — Kellogg Company (NYSE: K) plans to issue its 2015 fourth quarter and full-year earnings results in a press release at approximately 8:00 am ET on Thursday, … Read more on this. Kellogg Company (K) , with a current market cap of $24.84B, began trading this morning at $70.77. Shares have traded today between $68.73 and $70.99 per share with a one year range of $61.13 to $73.68. K shares are currently priced at 20.41x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.45x forward p/e ratio. And for passive income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.79%. According to a consensus of 17 analysts, the earnings estimate of $0.75 per share would be $0.09 worse than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $3.49 is a $0.32 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.17 Billion. If realized, that would be a 4.52% decrease over the year-ago quarter. Recently, Credit Agricole upgraded K from Underperform to Outperform (Jan 8, 2016). Previously, Credit Suisse upgraded K from Neutral to Outperform. The average price target for K shares is $72.31, which is 2.18% above where the stock opened this morning. See more in (NYSE:K) Similar Articles: Stock Update: Kellogg Company (NYSE:K) – Kellogg Company kicks-off holiday season with delightful new and traditional products Company Update (NYSE:K): Kellogg Company Investor Day Presentations To Be Webcast Live On Nov. 20 Stock Update (NYSE:K): Kellogg Company Reports Third Quarter 2015 Results, On-Track for Full-Year 2015 and 2016