Barclays analyst Andrew Lazar maintained a Sell rating on Kellogg (K) yesterday and set a price target of $64.00. The company’s shares closed last Thursday at $64.13.
According to TipRanks.com, Lazar is a 5-star analyst with an average return of 6.5% and a 62.0% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.
Currently, the analyst consensus on Kellogg is a Moderate Buy with an average price target of $68.00.
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Based on Kellogg’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.22 billion and net profit of $145 million. In comparison, last year the company earned revenue of $3.32 billion and had a GAAP net loss of $84 million.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of K in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It markets cookies, crackers, crisps, and other convenience foods, under brands such as Kellogg’s, Keebler, Cheez-It, Pringles, Murray, Austin and Famous Amos, to supermarkets in the U.S. It operates through the following seven segments: North America, Europe, Latin America, and AMEA. The North America segment includes U.S. Frozen, Kashi company, and RX businesses. The Europe segment consists of European countries. The Latin America segment comprises of Central America and Mexico. The AMEA segment consists of Africa, Middle East, Australia and other Asian and Pacific markets. The company was founded by Will Keith Kellogg in 1906 and is headquartered in Battle Creek, MI.
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