Making it to the list of the Standard & Poor 500’s biggest risers for Tuesday trade was Kellogg Company (NYSE: K), as the stock rose to around 2.52 percent with a 74.74 price a share and a trading day volume of 3.6 million shares.
Right after the starting bell rung, Kellogg Company shares were already situated at 74.11 and hit an intraday high of 74.88. It also dipped to a low of 73.84 within the trading day. Kellogg shares gained $1.84 a piece at the end of the day’s last session. Its recent three month average daily volume comprised 1.79 million of its share total float of 350.91 million.
Recent movements placed the stock’s 50-day SMA at 73.17 levels and nits 200-day SMA at 76.07. Its 52-week trading range positioned from 70.74 as the lowest point and 87.16 as the highest.
The multinational food manufacturing company currently has a market capitalization of $25.59 billion with an average volume of 1.86 million. The stock’s price to earnings ratio sits at 38.33 with earnings per share at 1.95 and a dividend yield of 2.78 percent. Its 14-day RSI is well within normal range at 54.60.
Analysts’ consensus forecast for Kellogg Company currently rates the stock as “Hold” after some deterioration on the consensus on November 2011. Previous projections suggested that the stock would outperform the market.
Current 12-month price targets by analysts for Kellogg Company have a target average of 81.00, with the highest estimate at 98.00 and the lowest estimate at 75.00. The average approximation indicates that an 8.38 percent increase from its last closing price is to be expected.
In 2016, Kellogg Co reported a dividend of 2.04 USD, which represents a 3.03% increase over last year. The 13 analysts covering the company expect dividends of 2.13 USD for the upcoming fiscal year, an increase of 4.51%.
Q4 earnings report of the company last February 9 saw its 0.92 earnings per share surpass analysts’ consensus of 0.85 per share, consequently exceeding the previous year’s 4th quarter readings by 16.46 percent.
Its next report is scheduled on May 4, 2017.
Pop Tarts All Day? No Problem.
Starting February 21 until Sunday, Kellogg’s is converting its New York eatery into a Pop Tarts Café, offering its patrons new ways to enjoy the morning time treat, at the same time introducing some unique flavor combos in its menu like a personal Pop-Tart pizzs, chili Pop-Tart fries, and tarty tacos.
Patrons and visitors to the Kellogg restaurant sitting at the Times Square can also sip on milkshakes that feature the pastry.
“The $9 nachos, for example, are Confetti Cupcake-flavored Pop-Tarts, cut into chips, drizzled with strawberry salsa, dolloped with frosting, sprinkles, and topped with a candle. The six types of milkshakes seem to borrow a little inspiration from the baroque Black Tap creations. The hot fudge sundae milkshake is a blend of chocolate ice cream, milk, sprinkles, a whole fudge Pop-Tart, then another whole Pop-Tart is used as garnish in the whipped cream,” a review from the nyeater.com website said.
The said Kellogg resto-turned-Pop-Tarts Cafe is open through Sunday.
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