Stock Update (NYSE:K): Kellogg’s Highlights The Everyday Motivations That Inspire Team USA Hopefuls And Everyday Fans

[PR Newswire] – BATTLE CREEK, Mich., April 28, 2016 /PRNewswire/ — With about 100 days to go until Team USA starts competition at the Rio 2016 Olympic Games, Kellogg has debuted its “What Gets You Started?” campaign, uncovering and celebrating what drives people – everyone from parents to elite athletes – to get up in the morning and uncover the possibilities of each new day. To help tell this story, Kellogg’s has enlisted Team Kellogg’s, a group of first-time Team USA Olympic and Paralympic hopeful athletes. First-time Olympians have made up more than 55% of Team USA at the past four Olympic Games. Read more on this. Kellogg Company (K) , valued at $27.04B, opened this morning at $75.92. Looking at the equity, the company’s one day range is $75.79 to $76.78 with the price of the stock fluctuating between $61.13 to $78.10 over the last 52 weeks. K shares are currently priced at 20.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.86x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.00 per share annually in dividends, yielding 2.66%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $0.94 per share, which would be $0.04 worse than the year-ago quarter and a $0.05 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.70 would be a $0.17 improvement when compared to the previous year’s annual results. 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. More recently, Goldman upgraded K from Sell to Neutral (Mar 16, 2016). Previously, Credit Agricole upgraded K from Underperform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $77.94, which is 2.66% above where the stock opened this morning. See more in (NYSE:K) Similar Articles: Market Update: Kellogg Company (NYSE:K) – Kellogg Company 2016 First Quarter Results Conference Call / Webcast Stock Update: Kellogg Company (NYSE:K) – Kellogg Company to Webcast Presentation at 2016 CAGNY Conference Stock Update (NYSE:K): Kellogg Company Reports Third Quarter 2015 Results, On-Track for Full-Year 2015 and 2016