Kellogg (K) Gets a Hold from RBC Capital

RBC Capital analyst Nik Modi maintained a Hold rating on Kellogg (KResearch Report) today and set a price target of $70.00. The company’s shares closed last Friday at $75.04.

Modi covers the Consumer Goods sector, focusing on stocks such as Conagra Brands, Constellation Brands, and Mondelez International. According to TipRanks, Modi has an average return of 9.0% and a 64.25% success rate on recommended stocks.

In addition to RBC Capital, Kellogg also received a Hold from BMO Capital’s Kenneth Zaslow in a report issued on August 5. However, on the same day, Barclays maintained a Sell rating on Kellogg (NYSE: K).

See today’s best-performing stocks on TipRanks >>

K market cap is currently $25.35B and has a P/E ratio of 17.29.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It markets cookies, crackers, crisps, and other convenience foods, under brands such as Kellogg’s, Keebler, Cheez-It, Pringles, Murray, Austin and Famous Amos, to supermarkets in the U.S. It operates through the following seven segments: North America, Europe, Latin America, and AMEA. The North America segment includes U.S. Frozen, Kashi company, and RX businesses. The Europe segment consists of European countries. The Latin America segment comprises of Central America and Mexico. The AMEA segment consists of Africa, Middle East, Australia and other Asian and Pacific markets. The company was founded by Will Keith Kellogg in 1906 and is headquartered in Battle Creek, MI.

Read More on K:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More