Jefferies and BMO Capital Both Raise Numbers on Kellogg (K)
Analysts at Jefferies & Co. and BMO Capital both increased price target and estimates on food manufacturer Kellogg Company (K) as the company’s revenue growth and sales trends seem promising.
The Jefferies analysts maintain a “Hold” rating on K and see shares reaching $60. This target suggests a slight 2.5% upside to Tuesday’s closing price of $58.50.
BMO Capital analysts rate K as “Market Perform” and see shares reaching $63. This target suggests about an 8% upside to Tuesday’s closing price.
Kellogg shares were up 30 cents, or 0.51%, during morning trading on Wednesday. In the trailing twelve months the stock is up 16%.
The Bottom Line
Shares of Kellogg (K) have a dividend yield of 2.93% based on Wednesday’s intraday trading price of $58.79 and the company’s annualized dividend payout of $1.72 per share.
Kellogg Company (K) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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