Food manufacturing company and cereal giant, Kellogg Company(
) 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
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 (
) 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.
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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