Kellogg (NYSE:K) declared a quarterly dividend on Friday, October 19th, RTT News reports. Shareholders of record on Monday, December 3rd will be paid a dividend of 0.56 per share on Monday, December 17th. This represents a $2.24 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Friday, November 30th.
NYSE K opened at $71.17 on Friday. Kellogg has a 12 month low of $56.40 and a 12 month high of $74.98. The stock has a market capitalization of $24.11 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 2.05 and a beta of 0.49. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.50 and a current ratio of 0.82.
Kellogg (NYSE:K) last released its quarterly earnings results on Thursday, August 2nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Kellogg had a return on equity of 59.68% and a net margin of 13.33%. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Equities research analysts expect that Kellogg will post 4.52 EPS for the current year.
In related news, Vice Chairman Gary H. Pilnick sold 66,655 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $72.25, for a total transaction of $4,815,823.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 150,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $71.20, for a total value of $10,680,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 636,655 shares of company stock worth $45,829,574. 1.40% of the stock is owned by corporate insiders.
Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods.
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