Kellogg (K) Receives a Hold from RBC Capital


RBC Capital analyst David Palmer reiterated a Hold rating on Kellogg (NYSE: K) on September 12 and set a price target of $78. The company’s shares closed yesterday at $74.80, close to its 52-week high of $74.84.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 10.1% and a 71.5% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hostess Brands Inc, and Pinnacle Foods.

Currently, the analyst consensus on Kellogg is a Hold with an average price target of $75.25.

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Kellogg’s market cap is currently $25.96B and has a P/E ratio of 14.77. The company has a Price to Book ratio of 9.15.

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Kellogg Co. engages in the manufacturing, marketing, and distribution of cereal and convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, and meat alternatives. It operates through the following segments: U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific.

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