RBC Capital analyst Nik Modi maintained a Hold rating on Kellogg (NYSE:K) on Friday, setting a price target of $66, which is approximately 5.40% above the present share price of $62.62.
Modi expects Kellogg to post earnings per share (EPS) of $0.90 for the fourth quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Hold rating of shares in Kellogg, with an average price target of $67.73.
The analysts price targets range from a high of $75 to a low of $62.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3.62 billion and a net profit of $447 million. The company's market cap is $21.36 billion.
According to TipRanks.com, RBC Capital analyst Nik Modi is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.2% and a 71.15% success rate.
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.