Societe Generale Upgrades Kellogg (K) to Hold
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RBC Capital Raises Price Target on Kellogg (K) on Productivity and Stabilizing Cereal Trends
August 5, 2015 7:38 AM EDTRBC Capital reiterated a Sector Perform rating on Kellogg (NYSE: K), and raised the price target to $72.00 (from $66.00) as a result of productivity and stabilizing cereal trends. Analyst David Palmer said that while Kellogg's cereal business is still declining, it pointed out that... More
Kellogg (K) Reports In-Line Q2 EPS; Reaffirms
August 4, 2015 8:02 AM EDTKellogg (NYSE: K) reported Q2 EPS of $0.92, in-line with the analyst estimate of $0.92. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.47 billion.
"We were pleased that results in the second quarter were as we expected. We've seen good growth in the Asian and Latin American businesses, growth in the European Snacks business, and improving trends in the North American business," said John Bryant, Kellogg Company's chairman and chief executive... More
