Company Update: Kellogg Company (NYSE:K) – Kellogg U.S. Brands Launch New Delicious Breakfast and Snack Choices

[PR Newswire] – BATTLE CREEK, Mich., May 2, 2016 /PRNewswire/ — Shoppers in the U.S. will soon be able to fill their grocery carts with a wide range of delicious new products from Kellogg Company brands, ranging from tasty breakfast selections to satisfying new snacks. The new products reflect people’s desire for wholesome foods with recognizable ingredients, the need for convenient options and the continued wish for food that is fun and delicious. The innovations include granola from Kellogg’s Raisin Bran and Cheez-It sandwich crackers. Read more on this. Kellogg Company (K) , valued at $27.35B, opened this morning at $77.00. Today’s price range has been between $76.80 and $77.69 per share with a trailing 52-week range being $61.13 to $78.10. Priced at 20.76x this year’s forecasted earnings, K shares are relatively expensive compared to the industry’s 17.06x forward p/e ratio. And for income investors, the company pays shareholders $2.00 per share annually in dividends, yielding 2.60%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $0.94 per share, which would be $0.04 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $3.70 which would be a $0.17 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.47 Billion. If realized, that would be a 2.25% decrease over the year-ago quarter. Recently, Goldman upgraded K from Sell to Neutral (Mar 16, 2016). Previously, Credit Agricole upgraded K from Underperform to Outperform. Investors should keep in mind is that the average price target is $77.94, which is 1.22% above where the stock opened this morning. See more in (NYSE:K) Similar Articles: Company Update (NYSE:K): Jimmy Butler And Kellogg’s® Puts The Slam On Hunger During National School Breakfast Week Turning Buckets Into Breakfasts With Local Chicago Schools Stock Update: Kellogg Company (NYSE:K) – Kellogg Company to Webcast Presentation at 2016 CAGNY Conference Stock Update: Kellogg Company (NYSE:K) – Kellogg Company kicks-off holiday season with delightful new and traditional products