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Kellogg Reaffirms Predicted EPS for 2012 (K)

By Dividend.com,  October 10, 2012, 01:40:36 PM EDT

Kellogg Company ( K ) has reaffirmed their predicted EPS for 2012

The company had predicted EPS between $3.18 and $3.30 for the year of 2012 and ended up with a EPS of $3.29. Although the company was faced with a recall of some packages of Mini-Wheats cereal, they were able to recover with good performance in the Pringles business as well as cost saving changes in their non-operating items.

Kellogg noted that these costs, estimated to be between $20 million and $30 million mentioned will be stated in the third quarter.

These costs will be recognized in the third quarter and are expected to total between $20 million and $30 million. These will be reported on Thursday, November 1, 2012.

Kellogg Company ( K ) stock has been mostly flat as of Wednesday morning.

The Bottom Line
Shares of Kellogg ( K ) have a 3.33% dividend yield, based on last night's closing stock price of $51.58. The stock has technical support in the $48 price area. If the shares can firm up, we see overhead resistance around the $54-$55 price levels.

Kellogg Company ( K ) is not recommended at this time, holding a Dividend.com 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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: K



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