Kellogg (K) tops earnings estimates following North American cereal rebound
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Kellogg (K) upgraded at JPMorgan as previous risks have faded
May 5, 2023 8:38 AM EDTJPMorgan upgraded shares of Kellogg (NYSE: K) to neutral from Underweight, raising the price target for the stock to $72 from $68 per share.
Analyst Ken Goldman told investors in a note that despite Kellogg's beat and raise when it reported earnings on Thursday, its shares trailed the packaged food index by 1.8%.
The packaged food company reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1, while revenue for the quarter came in at $4.17... More
Kellogg's pricing actions help bolster annual forecasts
May 4, 2023 8:15 AM EDTBy Aatrayee Chatterjee
(Reuters) -Kellogg Co on Thursday forecast a smaller drop in annual profit than it had previously expected and raised the lower end of its sales outlook on the back of repeated price hikes and resilient demand for its cereals and snacks.
Kellogg, like other global packaged food makers, has been using its brand power to steadily raise product prices over the past year to counter spiraling costs of ingredients amid a cost-of-living... More
Kellogg (K) Tops Q1 EPS by 10c; rasies guidance
May 4, 2023 8:05 AM EDTKellogg (NYSE: K) reported Q1 EPS of $1.10, $0.10 better than the analyst estimate of $1.00. Revenue for the quarter came in at $4.17 billion versus the consensus estimate of $3.96 billion.
The company raised its FY outlook:
Sees net sales growth 6-7%;Sees... MoreKellogg (K) option implied volatility into quarter results
May 3, 2023 11:34 AM EDTKellogg (NYSE: K) May call option implied volatility is at 28, June is at 18; compared to its 52-week range of 16 to 67 into the expected release of quarter results before the bell on May 4.
... More