In a report issued on July 12, David Palmer from RBC Capital reiterated a Hold rating on Kellogg (NYSE: K), with a price target of $75. The company’s shares opened today at $71.10, close to its 52-week high of $72.24.
According to TipRanks.com, Palmer is a 5-star analyst with an average return of 10.2% and a 68.0% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Hain Celestial, and Pinnacle Foods.
The word on The Street in general, suggests a Hold analyst consensus rating for Kellogg with a $70.14 average price target.
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Kellogg’s market cap is currently $24.7B and has a P/E ratio of 17.13. The company has a Price to Book ratio of 9.73.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock.
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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.
