For its first fiscal quarter (ending March 31), Kellogg Co (NYSE: K) has reported a 16% increase in E.P.S. from $0.67 a year ago to $0.78 in the current quarter. Relative to the consensus estimate of $0.92, this was a shortfall of $-0.14. For the latest four quarters through March 31, E.P.S. were $2.37 compared to $1.86 a year ago — an increase of 27%.
Recent Price Action
On 5/2/24, Kellogg Co (NYSE: K) stock enjoyed a very large increase of 7.5%, closing at $61.28. Moreover, exceptionally high trading volume at 315% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 4.3% during the last week.
Current PriceTarget Research Rating
K’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Kellogg has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Kellogg has a slightly negative Power Rating of 35 and a poor Appreciation Score of 19, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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