Kellogg Company Reaffirms 2012 Outlook; Sees Growth in 2013 (K)


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Food manufacturing company and cereal giant, Kellogg Company( K ) has reiterated its outlook for the year on Thursday, and has reported that growth is expected in 2013.

The Battle Creek, MI based company announced that it is reaffirming its 2012 outlook range of $3.18 to $3.30. Analysts are expecting full year earnings of $3.30 per share and revenue of $14.08 billion.

The company also reported that it is expecting its full year 2013 revenue to grow by 7%, and earnings to grow by 5% to 7%. Wall Street analysts are expecting 2013 earnings of $3.61 per share and revenue of $15.22 billion.

Kellogg Company shares were down 83 cents, -1.53% during Thursday morning trading.

The Bottom Line
Shares of Kellogg ( K ) have a 3.18% dividend yield, based on last night's closing stock price of $54.16. The stock has technical support in the $50-$51 price area. The stock is trading near the all-time high levels of $57 a share.

Kellogg Company( K ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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