Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods. The company offers its cereals and cereal bars under the Kellogg's brand, as well as under the Kashi and Bear Naked brand; frozen foods under the Eggo and Morningstar Farms brands; and cookies, crackers, crisps, and other convenience foods under the Kellogg's, Keebler, Cheez-It, Pringles, Murray, Austin, and Famous Amos brands. The company sells its products for retailers through direct sales forces, as well as use brokers and distributors in approximately 180 countries. Kellogg Company was founded in 1906 and is headquartered in Battle Creek, Michigan.
Industry, Sector and Symbol
Industry Grain mill products
Sub-IndustryPackaged Foods & Meats
SectorConsumer Staples
SymbolNYSE:K
CUSIP48783610
Phone269-961-2000
Debt
Debt-to-Equity Ratio3.09
Current Ratio0.74
Quick Ratio0.47
Price-To-Earnings
Trailing P/E Ratio16.60
Forward P/E Ratio15.07
P/E Growth2.05
Sales & Book Value
Annual Sales$12.92 billion
Price / Sales1.80
Cash Flow$5.4877 per share
Price / Cash12.22
Book Value$6.45 per share
Price / Book10.40
Profitability
EPS (Most Recent Fiscal Year)$4.04
Net Income$1.27 billion
Net Margins11.10%
Return on Equity67.81%
Return on Assets9.05%
Miscellaneous
Employees33,000
Outstanding Shares346,850,000
Kellogg (NYSE:K) Frequently Asked Questions
What is Kellogg's stock symbol?
Kellogg trades on the New York Stock Exchange (NYSE) under the ticker symbol "K."
How often does Kellogg pay dividends? What is the dividend yield for Kellogg?
Kellogg declared a quarterly dividend on Friday, April 27th. Stockholders of record on Friday, June 1st will be given a dividend of $0.54 per share on Friday, June 15th. This represents a $2.16 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, May 31st. View Kellogg's Dividend History.
How will Kellogg's stock buyback program work?
Kellogg announced that its Board of Directors has initiated a share buyback plan on Monday, December 18th 2017, which permits the company to repurchase $1,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
How were Kellogg's earnings last quarter?
Kellogg (NYSE:K) posted its earnings results on Thursday, May, 3rd. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.08 by $0.11. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.30 billion. Kellogg had a net margin of 11.10% and a return on equity of 67.81%. Kellogg's revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. View Kellogg's Earnings History.
When is Kellogg's next earnings date?
What price target have analysts set for K?
19 brokers have issued 12-month price objectives for Kellogg's stock. Their forecasts range from $60.00 to $90.00. On average, they anticipate Kellogg's share price to reach $70.7778 in the next year. View Analyst Ratings for Kellogg.
What are Wall Street analysts saying about Kellogg stock?
Here are some recent quotes from research analysts about Kellogg stock:
- 1. Pivotal Research analysts commented, "We continue to expect that CEO Cahillane will steer Kellogg to accelerate growth and fund greater investment in the brands. We can agree with the recent short report that Kellogg has not reinvested in growth to support growth; doing so under Cahillane’s leadership will make Kellogg a much better company. The shorts think the glass is half empty – we see half full and growing." (5/3/2018)
- 2. According to Zacks Investment Research, "Kellogg’s cost savings from its Project K and ZBB have been supporting renovation, innovation, brand support and margins. Kellogg remains on track to achieve its 2018 profit-margin goal of 18%. In order to improve its sales performance, the company is investing in brand building such as digital media, consumer promotions and traditional advertising. Kellogg is also channeling funds toward product and packaging innovation as well as reformulation of many existing products to keep up with the rapidly changing views of consumers regarding health and wellness. Although cost savings are providing support for margin expansion, a weak top line is limiting Kellogg’s ability to leverage it. Meanwhile, its shares have outperformed industry in the past six months and current year earnings estimates have been trending upward over the last 60 days." (4/17/2018)
Who are some of Kellogg's key competitors?
Who are Kellogg's key executives?
Kellogg's management team includes the folowing people:
- Mr. Steven A. Cahillane, Chairman , CEO & Pres (Age 53)
- Mr. Fareed A. Khan, Sr. VP & CFO (Age 52)
- Mr. Gary H. Pilnick, Vice Chairman of Corp. Devel. & Chief Legal Officer (Age 54)
- Mr. Christopher M. Hood, Sr. VP & Pres of Kellogg Europe (Age 55)
- Mr. Donald O. Mondano, Principal Accounting Officer, VP & Corp. Controller (Age 46)
Has Kellogg been receiving favorable news coverage?
Press coverage about K stock has trended positive this week, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kellogg earned a news impact score of 0.27 on Accern's scale. They also gave news articles about the company an impact score of 47.97 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Kellogg's major shareholders?
Kellogg's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.25%), Massachusetts Financial Services Co. MA (2.30%), American International Group Inc. (2.15%), American Century Companies Inc. (1.22%), Northern Trust Corp (0.99%) and FIL Ltd (0.51%). Company insiders that own Kellogg stock include Amit Banati, Donald R Knauss, Fareed A Khan, Gary H Pilnick, James M Jenness, John A Bryant, John T Dillon, Kellogg W K Foundation Trust, Maria Fernanda Mejia, Paul T Norman, Ronald L Dissinger and Steven A Cahillane. View Institutional Ownership Trends for Kellogg.
Which institutional investors are selling Kellogg stock?
K stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Wells Fargo & Company MN, Thompson Siegel & Walmsley LLC, Millennium Management LLC, Massachusetts Financial Services Co. MA, Russell Investments Group Ltd., Envestnet Asset Management Inc. and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp. Company insiders that have sold Kellogg company stock in the last year include Amit Banati, Donald R Knauss, Gary H Pilnick, James M Jenness, John A Bryant, Kellogg W K Foundation Trust and Paul T Norman. View Insider Buying and Selling for Kellogg.
Which institutional investors are buying Kellogg stock?
K stock was purchased by a variety of institutional investors in the last quarter, including American Century Companies Inc., Schwab Charles Investment Management Inc., BlackRock Inc., Victory Capital Management Inc., LSV Asset Management, Franklin Resources Inc., Stevens Capital Management LP and OMERS ADMINISTRATION Corp. Company insiders that have bought Kellogg stock in the last two years include Fareed A Khan and Steven A Cahillane. View Insider Buying and Selling for Kellogg.
How do I buy shares of Kellogg?
Shares of K can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Kellogg's stock price today?
One share of K stock can currently be purchased for approximately $67.06.
How big of a company is Kellogg?
Kellogg has a market capitalization of $23.26 billion and generates $12.92 billion in revenue each year. The company earns $1.27 billion in net income (profit) each year or $4.04 on an earnings per share basis. Kellogg employs 33,000 workers across the globe.
How can I contact Kellogg?
Kellogg's mailing address is ONE KELLOGG SQUARE P O BOX 3599, BATTLE CREEK MI, 49016. The company can be reached via phone at 269-961-2000 or via email at [email protected]
MarketBeat Community Rating for Kellogg (K)
MarketBeat's community ratings are surveys of what our community members think about Kellogg and other stocks. Vote "Outperform" if you believe K will outperform the S&P 500 over the long term. Vote "Underperform" if you believe K will underperform the S&P 500 over the long term. You may vote once every thirty days.
