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Wednesday, February 1, 2023

Kellogg Company (NYSE: K) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Kellogg Company (K) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.01%, to $69.71. The Kellogg Company has recorded 104,492 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Kellogg Company Sets Date for 2022 Fourth Quarter Results Webcast.

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Stocks Info

Kellogg Company is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Packaged Foods industry. At the end of the last regular session, the stock closed at $69.72 and fluctuated between $70.25 as its day high and $69.45 as its day low. The current market capitalization of Kellogg Company is $23.88B. A total of 1.95 million shares were traded on the day, compared to an average of 2.17M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, K has seen 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 502,800 shares. Over the last 12 months, there were 40 BUYs and 54 SELLs from insiders. Insiders purchased 478,909 shares during that period but sold 3,061,328.

In the most recent transaction, KELLOGG W K FOUNDATION TRUST sold 100,000 shares of K for 70.93 per share on Jan 10. After the transaction, the 10% Owner now owns 55,831,838 company shares. In a previous transaction on Dec 20, KELLOGG W K FOUNDATION TRUST sold 100,000 shares at 70.74 per share. K shares that 10% Owner owns now total 55,931,838.

Among the insiders who sold shares, KELLOGG W K FOUNDATION TRUST disposed of 100,000 shares on Dec 12 at a per-share price of $73.41. This resulted in the 10% Owner holding 56,031,838 shares of K after the transaction. In another insider transaction, KELLOGG W K FOUNDATION TRUST sold 100,000 shares at $71.07 per share on Nov 21. Company shares held by the 10% Owner now total 56,131,838.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Kellogg Company pays an annual dividend of $2.36, resulting in a dividend yield of 3.38%, and it has a price to earnings (P/E) ratio of 16.06. K’s most recent ex-dividend date was 11/30/2022 when it declared a $0.59 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 8/31/2022. The K stock dividend was $0.59 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for K in the last 3 months, the mean price target is $72.89 with high estimates of $82.00 and low estimates of $57.00. In terms of 52-week highs and lows, K has a high of $77.17 and a low of $59.54.

As of this writing, K has an earnings estimate of $0.98 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $1.05 per share and a lower estimate of $0.88. The company reported an EPS of $1.1 in the last quarter, which was 18.30% higher than expectations of $0.93.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for K is Sell with a score of 3.00. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 13 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 3 thought it should be Sold.

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