Kellogg Co (NYSE: K) has reported earnings for its second fiscal quarter (ending June 30) of $1.01 versus $0.85 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $2.53 versus $2.12 for the same period a year ago.
Recent Price Action
Kellogg Co (NYSE: K) stock enjoyed a very large increase of 6.7% on 8/1/24. The shares closed at $62.05. Moreover, exceptionally high trading volume at 235% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 8.4% 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 D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Kellogg has a poor Appreciation Score of 22 but a neutral Power Rating of 56, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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