Kellogg Co Stock Research

Market Summary

USD65.83+0.36

Market Closed

0.55%

K Alerts

5 major insider sales recently.
Big fall in earnings (Y/Y)
Losses in recent quarter

K Stock Price

K RSI Chart

K Valuation

Market Cap

22.4B

Price/Earnings (Trailing)

23.38

Price/Sales (Trailing)

1.47

EV/EBITDA

14.51

Price/Free Cashflow

19.3

K Price/Sales (Trailing)

K Profitability

EBT Margin

7.82%

Return on Equity

24.36%

Return on Assets

5.19%

Free Cashflow Yield

5.18%

K Fundamentals

K Revenue

Revenue (TTM)

15.3B

Revenue Y/Y

12.08%

Revenue Q/Q

-2.86%

K Earnings

Earnings (TTM)

960.0M

Earnings Y/Y

-122.63%

Earnings Q/Q

-131.61%

Price Action

52 Week Range

62.2977.17

(Low)(High)

Last 7 days

1.3%

Last 30 days

-1.9%

Last 90 days

-9.4%

Trailing 12 Months

5.7%

K Financial Health

Current Ratio

0.66

Debt/Equity

1.35

Debt/Cashflow

0.31

K Investor Care

Dividend Yield

3.55%

Dividend/Share (TTM)

2.34

Diluted EPS (TTM)

2.79

Peers (Alternatives to Kellogg)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GIS	47.8B	19.4B	5.26%	28.68%	16.42	2.47	4.08%	30.06%
ADM	43.6B	101.6B	-4.53%	-15.24%	10.05	0.43	19.13%	60.21%
HRL	24.6B	12.4B	-13.59%	-21.90%	24.65	1.98	3.48%	5.62%
K	22.4B	15.3B	-1.88%	5.67%	23.38	1.47	8.00%	-35.48%
LW	14.6B	4.5B	1.70%	79.41%	30.92	3.25	15.82%	144.25%
MID-CAP
INGR	6.6B	7.9B	-1.41%	17.27%	13.42	0.83	15.26%	320.51%
PPC	5.3B	17.5B	-10.03%	-6.91%	7.05	0.3	18.21%	2306.23%
FRPT	3.0B	595.3M	3.19%	-34.23%	-50.88	5.08	39.92%	-100.32%
POST	5.3B	6.1B	-2.05%	39.31%	6.08	0.87	18.23%	1243.59%
SMALL-CAP
BRID	127.0M	263.4M	9.04%	29.23%	2.78	0.48	5.45%	786.05%
LWAY	96.8M	136.7M	8.41%	-12.10%	842.11	0.71	20.26%	-96.88%
PLAG	35.0M	-	-13.55%	-47.56%	-3.5	0.72	513.44%	-38.56%
RMCF	32.6M	33.1M	4.60%	-30.91%	-9.04	0.98	2.77%	-346.02%
RIBT	4.6M	39.0M	-22.81%	65.63%	-0.4	0.12	30.61%	-109.87%

Financials for Kellogg

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.8%	15,315	14,902	14,578	14,269	14,181
S&GA Expenses	5.3%	2,980	2,831	2,764	2,756	2,808
R&D Expenses	-5.2%	127	134	-	-	-
EBITDA	-26.4%	1,893	2,571	2,597	2,713	-
EBITDA Margin	-28.4%	0.12*	0.17*	2.32*	0.19*	-
Earnings Before Taxes	-37.0%	1,197	1,899	1,908	2,019	1,966
EBT Margin	-38.7%	0.08*	0.13*	1.71*	0.14*	-
Interest Expenses	9.0%	218	200	216	220	223
Net Income	-35.6%	960	1,491	1,488	1,542	1,488
Net Income Margin	-37.3%	0.06*	0.10*	1.33*	0.11*	-
Free Cahsflow	-6.3%	1,163	1,241	1,300	1,275	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-2.7%	18,496	19,016	18,937	18,612	18,178
Current Assets	-5.8%	4,186	4,444	4,261	3,816	3,394
Cash Equivalents	-19.8%	299	373	323	313	286
Inventory	5.1%	1,768	1,682	1,678	1,559	1,398
Net PPE	6.3%	3,789	3,564	3,656	3,773	3,827
Goodwill	-0.1%	5,686	5,691	5,744	5,783	5,771
Current Liabilities	5.2%	6,349	6,033	6,051	5,848	5,315
. Short Term Borrowings	348.3%	780	174	320	450	712
Long Term Debt	-15.6%	5,317	6,300	-	-	-
LT Debt, Current	-4.4%	816	854	891	712	-
LT Debt, Non Current	-2.4%	5,697	5,838	5,953	6,262	-
Shareholder's Equity	-8.0%	3,941	4,283	4,558	4,295	3,720
Retained Earnings	-3.2%	9,197	9,499	9,387	9,254	9,028
Additional Paid-In Capital	4.0%	1,068	1,027	1,008	993	1,023
Accumulated Depreciation	1.1%	6,092	6,028	-	-	-
Shares Outstanding	0.3%	341	340	338	-	-
Minority Interest	-4.6%	434	455	476	500	495

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-4.9%	1,651	1,736	1,819	1,793	1,701
Share Based Compensation	21.7%	75.00	61.00	61.00	-	-
Cashflow From Investing	1.5%	-448	-455	-516	-451	-528
Cashflow From Financing	12.2%	-1,081	-1,231	-1,288	-1,382	-1,306
Dividend Payments	0.4%	797	794	790	790	788
Buy Backs	0%	300	300	300	300	240

Risks for K

What is the probability of a big loss on K?

33.5%

Probability that Kellogg stock will be more than 20% underwater in next one year

Probability that Kellogg stock will be more than 30% underwater in next one year.

Probability that Kellogg stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does K drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Kellogg was unfortunately bought at previous high price.

Drawdowns

Returns for K

Cumulative Returns on K

3.3%

10-Year Cumulative Returns

1.0%

7-Year Cumulative Returns

3.7%

5-Year Cumulative Returns

6.3%

3-Year Cumulative Returns

What are the long-term rolling returns for K?

FIve years rolling returns for Kellogg.

Annualized Returns

Which funds bought or sold K recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	reduced	-1.37	44,284	5,156,420	0.04%
2023-03-17	American Portfolios Advisors	reduced	-1.38	-3,874	99,460	-%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	35.76	89,244	320,244	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-2.1	69,537	59,595,500	0.06%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-0.08	42,000	1,958,000	0.01%
2023-03-01	BENNICAS & ASSOCIATES, INC.	reduced	-1.52	6,706	920,706	0.53%
2023-03-01	Lakewood Asset Management LLC	new	-	61,000	61,000	0.05%
2023-02-28	Voya Investment Management LLC	reduced	-20.44	-3,394,530	14,824,500	0.02%
2023-02-24	Athena Investment Management	unchanged	-	8,701	409,701	0.30%
2023-02-24	SRS Capital Advisors, Inc.	added	4.55	-361	1,639	-%

Latest Funds Activity

Are funds buying K calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own K

No. of Funds

Kellogg News

Schedule 13G FIlings of Kellogg

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	northern trust corp	17.6%	60,228,737	SC 13G/A
Feb 09, 2023	kellogg w k foundation trust	16.4%	55,931,838	SC 13G/A
Feb 09, 2023	vanguard group inc	9.01%	30,733,548	SC 13G/A
Feb 01, 2023	gund gordon	6.1%	20,926,907	SC 13G/A
Jan 25, 2023	blackrock inc.	9.2%	31,327,346	SC 13G/A
Jan 06, 2023	keybank national association/oh	6.09%	20,799,668	SC 13G/A
Feb 10, 2022	vanguard group inc	8.42%	28,706,271	SC 13G/A
Feb 09, 2022	kellogg w k foundation trust	17.2%	58,631,837	SC 13G/A
Feb 08, 2022	northern trust corp	18.3%	62,357,240	SC 13G/A
Feb 07, 2022	gund gordon	6.4%	21,846,696	SC 13G/A

K Fair Value

Kellogg fair value in different scenarios

The table shows the Fair Value estimates for Kellogg for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	42.13 -36.00%	55.66 -15.45%	67.93 3.19%	92.26 40.15%	112.27 70.55%
Current Inflation	33.04 -49.81%	39.41 -40.13%	54.17 -17.71%	72.43 10.03%	83.08 26.20%
Very High Inflation	34.53 -47.55%	43.75 -33.54%	51.24 -22.16%	67.23 2.13%	80.23 21.87%

Historical Kellogg Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Kellogg

View All Filings

Date Filed	Form Type	Document
Mar 20, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 02, 2023	DEF 14A	DEF 14A
Mar 02, 2023	DEFA14A	DEFA14A
Mar 01, 2023	8-K	Current Report
Feb 28, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	424B5	Prospectus Filed
Feb 23, 2023	424B3	Prospectus Filed
Feb 23, 2023	FWP	Prospectus Filed

Latest Insider Trading transactions for K

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-20	KELLOGG W K FOUNDATION TRUST	sold	-6,522,110	65.2211	-100,000	-
2023-03-10	KELLOGG W K FOUNDATION TRUST	sold	-6,398,840	63.9884	-100,000	-
2023-02-27	Lance Rodrigo	sold	-201,675	67.79	-2,975	senior vice president
2023-02-27	Lance Rodrigo	acquired	193,878	59.95	3,234	senior vice president
2023-02-23	AMAYA NICOLAS	sold	-389,091	68.2615	-5,700	senior vice president
2023-02-22	PILNICK GARY H	sold	-1,527,440	68.8129	-22,197	vice chairman
2023-02-22	FORCHE KURT D	sold	-226,459	69.3596	-3,265	vp-corporate controller
2023-02-21	FORCHE KURT D	acquired	-	-	1,868	vp-corporate controller
2023-02-21	PILNICK GARY H	sold (taxes)	-256,001	68.91	-3,715	vice chairman
2023-02-21	HOOD CHRISTOPHER M	acquired	-	-	11,213	senior vice president

About Kellogg

Steven A. Cahillane

www.kelloggcompany.com

31000

Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, Be Natural, LCMs, Coco Pops, Frosties, Rice Krispies Squares, Kashi Go, Vector, Incogmeato, Veggitizers, and Gardenburger brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was founded in 1906 and is headquartered in Battle Creek, Michigan.

K Income Statement

2022-12-31

CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Millions	12 Months Ended
CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Millions	Dec. 31, 2022	Jan. 01, 2022	Jan. 02, 2021
Income Statement [Abstract]
Net sales	$ 15,315	$ 14,181	$ 13,770
Cost of goods sold	10,700	9,621	9,043
Selling, general and administrative expense	2,980	2,808	2,966
Operating profit	1,635	1,752	1,761
Interest expense	218	223	281
Other income (expense), net	(220)	437	121
Income before income taxes	1,197	1,966	1,601
Income taxes	244	474	323
Earnings (loss) from unconsolidated entities	9	3	(14)
Net income	962	1,495	1,264
Net income (loss) attributable to noncontrolling interests	2	7	13
Net income attributable to Kellogg Company	$ 960	$ 1,488	$ 1,251
Basic	$ 2.81	$ 4.36	$ 3.65
Diluted	$ 2.79	$ 4.33	$ 3.63

K Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Dec. 31, 2022	Jan. 01, 2022
Assets, Current [Abstract]
Cash and cash equivalents	$ 299	$ 286
Accounts receivable, net	1,736	1,489
Inventories	1,768	1,398
Other current assets	383	221
Total current assets	4,186	3,394
Property, net	3,789	3,827
Operating lease, right-of-use assets	617	640
Goodwill	5,686	5,771
Other intangibles, net	2,296	2,409
Investment in unconsolidated entities	432	424
Other assets	1,490	1,713
Total assets	18,496	18,178
Liabilities, Current [Abstract]
Current maturities of long-term debt	780	712
Notes payable	467	137
Accounts payable	2,973	2,573
Current operating lease liabilities	121	116
Accrued advertising and promotion	766	714
Accrued salaries and wages	370	300
Other current liabilities	872	763
Total current liabilities	6,349	5,315
Long-term debt	5,317	6,262
Operating lease liabilities	486	502
Deferred income taxes	760	722
Pension liability	709	706
Other liabilities	500	456
Commitments and contingencies
Equity [Abstract]
Common stock, $0.25 par value, 1,000,000,000 shares authorized Issued: 421,209,894 shares in 2022 and 421,098,799 shares in 2021	105	105
Capital in excess of par value	1,068	1,023
Retained earnings	9,197	9,028
Treasury stock, at cost 79,409,966 shares in 2022 and 79,721,563 shares in 2021	(4,721)	(4,715)
Accumulated other comprehensive income (loss)	(1,708)	(1,721)
Total Kellogg Company equity	3,941	3,720
Noncontrolling interests	434	495
Total equity	4,375	4,215
Total liabilities and equity	$ 18,496	$ 18,178