Company Update (NYSE:K): Jimmy Butler And Kellogg’s® Puts The Slam On Hunger During National School Breakfast Week Turning Buckets Into Breakfasts With Local Chicago Schools

[PR Newswire] – BATTLE CREEK, Mich., March 8, 2016 /PRNewswire/ — To help ensure all kids start their day with breakfast, Kellogg’s® and NBA Star, Jimmy Butler will hold a basketball competition to raise awareness and funding to help those struggling with childhood hunger. On Wednesday, March 9, Butler and high school students from four local Chicago high schools will encourage families to get involved to ensure more kids have the opportunity to reach their full potential by turning buckets into breakfast. In addition to Butler, Kellogg’s is teaming up with No Kid Hungry®, a national organization that connects kids in need with nutritious food and teaches families how to cook healthy, affordable meals. As part of this year’s program, Kellogg’s will donate 1 percent of sales for every specially marked box of Kellogg’s cereal sold in 20161. Read more on this. Kellogg Company (K) , valued at $26.56B, opened this morning at $74.64. Today, shares have traded between $74.50 and $74.94 per share and has traded between $61.13 and $76.24 over the past 12 months. Priced at 20.25x this year’s forecasted earnings, K shares are relatively expensive compared to the industry’s 19.61x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.00 per share annually in dividends, yielding 2.66%. According to a consensus of 17 analysts, the earnings estimate of $0.94 per share would be $0.04 worse than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $3.70 which would be a $0.17 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.47 Billion. If reported, that would be a 2.25% decrease over the year-ago quarter. In terms of ratings, Credit Agricole upgraded K from Underperform to Outperform (Jan 8, 2016). Previously, Credit Suisse upgraded K from Neutral to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $76.00, which is 1.82% above where the stock opened this morning. See more in (NYSE:K) Similar Articles: Stock Update: Kellogg Company (NYSE:K) – Kellogg Company to Webcast Presentation at 2016 CAGNY Conference Stock Update: Kellogg Company (NYSE:K) – Kellogg Company kicks-off holiday season with delightful new and traditional products Company Update (NYSE:K): Kellogg Company Investor Day Presentations To Be Webcast Live On Nov. 20