Kellogg Reaches New 52-Week High (K)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Kellogg Company (K">K) hit a new 52-week high Thursday as it is currently trading at $60.59, above its previous 52-week high of $60.54 with 761,551 shares traded as of 11:25 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
Kellogg has a market cap of $21.49 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 7.3% year to date as of the close of trading on Wednesday.
Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience food products primarily in North America, Europe, Latin America, and the Asia Pacific. The company has a P/E ratio of 22.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kellogg as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Kellogg Ratings Report.
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