For its third fiscal quarter (ending September 30), Kellogg Co (NYSE: K) has reported a 84% increase in E.P.S. from $0.58 a year ago to $1.07 in the current quarter. For the latest four quarters through September 30, E.P.S. were $3.02 versus $2.02 for the same period a year ago — an increase of 50%.
Recent Price Action
Kellogg Co (NYSE: K) stock closed at $80.65 on 10/31/24 after a slight decline of -0.2%. Moreover, this decline was accompanied by above average trading volume at 147% of normal. The stock is unchanged during the last week but has been exceptionally strong relative to the market over the last nine months.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kellogg has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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