Company Update (NYSE:K): Kellogg’s® Special K® Celebrates the Latest "Nourish Your Next" Project Recipients

[PR Newswire] – BATTLE CREEK, Mich., June 9, 2016 /PRNewswire/ — This year, Special K® launched the “Nourish Your Next” project to help recognize and celebrate get-after-it, bring-it-on, ready-for-what’s-next women, and nourish what they have their sights set on next. The celebration kicked-off in March, when Special K helped photographer Kate T. Parker show the world that strong is indeed the new pretty. In addition to receiving a $10,000 donation to help nourish their respective “nexts,” Special K and Parker recognized each woman with a special photo shoot designed to capture their multifaceted strength. Read more on this. Kellogg Company (K) , with a current market cap of $26.93B, began trading this morning at $76.04. Looking at today’s trading action, the company’s one day range from $75.96 to $76.93 with its 52-week range being $61.67 to $78.10. K shares are currently priced at 20.56x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 22.64x earnings multiple. The company pays shareholders $2.00 per share annually in dividends, yielding 2.68%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.91 per share, which would be $0.01 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.70, which would be a $0.17 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.37 Billion. If reported, that would be a 3.16% decrease over the year-ago quarter. In terms of ratings, Goldman upgraded K from Sell to Neutral (Mar 16, 2016). Previously, Credit Agricole upgraded K from Underperform to Outperform. The average price target for K shares by the analysts covering it is $77.69, which is 2.17% above where the stock opened. See more in (NYSE:K) Similar Articles: Stock Update (NYSE:K): Kellogg’s ‘heart & soul’ efforts detailed in latest Corporate Responsibility Report Stock Update: Kellogg Company (NYSE:K) – Kellogg Company to Webcast Presentation at 2016 CAGNY Conference Market Update: Kellogg Company (NYSE:K) – Kellogg Company 2015 Full-Year & Fourth Quarter Results Conference Call / Webcast
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