KelloggNYSE:K Stock Report

Market Cap







18 Sep, 2021


Company Financials +
K fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance4/6
Financial Health3/6

K Overview

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods.

Share Price & News

How has Kellogg's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: K is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: K's weekly volatility (2%) has been stable over the past year.

Market Performance

7 Day Return




US Food


US Market

1 Year Return




US Food


US Market

Return vs Industry: K underperformed the US Food industry which returned 11.2% over the past year.

Return vs Market: K underperformed the US Market which returned 33.8% over the past year.

Shareholder returns

7 Day1.3%1.1%-0.6%
30 Day-4.0%-1.8%1.6%
90 Day-0.05%-3.9%4.6%
1 Year4.8%1.0%13.7%11.2%35.8%33.8%
3 Year-3.0%-13.1%23.0%13.3%60.0%50.1%
5 Year-2.8%-18.2%17.8%1.5%123.0%98.7%

Long-Term Price Volatility Vs. Market

How volatile is Kellogg's share price compared to the market and industry in the last 5 years?

Simply Wall St News

Kellogg Fundamentals Summary

How do Kellogg's earnings and revenue compare to its market cap?
K fundamental statistics
Market CapUS$21.67b
Earnings (TTM)US$1.30b
Revenue (TTM)US$14.03b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
K income statement (TTM)
Cost of RevenueUS$9.25b
Gross ProfitUS$4.79b

Last Reported Earnings

Jul 03, 2021

Next Earnings Date

Nov 04, 2021

Earnings per share (EPS)3.80
Gross Margin34.11%
Net Profit Margin9.27%
Debt/Equity Ratio196.3%

How did K perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is Kellogg undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: K ($63.56) is trading below our estimate of fair value ($122.87)

Significantly Below Fair Value: K is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: K is good value based on its PE Ratio (16.7x) compared to the US Food industry average (21.1x).

PE vs Market: K is good value based on its PE Ratio (16.7x) compared to the US market (17.8x).

Price to Earnings Growth Ratio

PEG Ratio: K is poor value based on its PEG Ratio (3.1x)

Price to Book Ratio

PB vs Industry: K is overvalued based on its PB Ratio (6.4x) compared to the US Food industry average (2.3x).

Future Growth

How is Kellogg forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: K's forecast earnings growth (5.3% per year) is above the savings rate (2%).

Earnings vs Market: K's earnings (5.3% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: K's earnings are forecast to grow, but not significantly.

Revenue vs Market: K's revenue (1.6% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: K's revenue (1.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: K's Return on Equity is forecast to be high in 3 years time (37.7%)

Past Performance

How has Kellogg performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: K has high quality earnings.

Growing Profit Margin: K's current net profit margins (9.3%) are higher than last year (8.1%).

Past Earnings Growth Analysis

Earnings Trend: K's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: K's earnings growth over the past year (18.6%) exceeds its 5-year average (7.9% per year).

Earnings vs Industry: K earnings growth over the past year (18.6%) underperformed the Food industry 31.7%.

Return on Equity

High ROE: Whilst K's Return on Equity (33.92%) is high, this metric is skewed due to their high level of debt.

Financial Health

How is Kellogg's financial position?

Financial Position Analysis

Short Term Liabilities: K's short term assets ($3.7B) do not cover its short term liabilities ($4.9B).

Long Term Liabilities: K's short term assets ($3.7B) do not cover its long term liabilities ($9.4B).

Debt to Equity History and Analysis

Debt Level: K's debt to equity ratio (196.3%) is considered high.

Reducing Debt: K's debt to equity ratio has reduced from 408.8% to 196.3% over the past 5 years.

Debt Coverage: K's debt is well covered by operating cash flow (22.3%).

Interest Coverage: K's interest payments on its debt are well covered by EBIT (7.9x coverage).

Balance Sheet


What is Kellogg current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: K's dividend (3.65%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: K's dividend (3.65%) is in the top 25% of dividend payers in the US market (3.6%)

Stability and Growth of Payments

Stable Dividend: K's dividends per share have been stable in the past 10 years.

Growing Dividend: K's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (60.3%), K's dividend payments are covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: K's dividends in 3 years are forecast to be covered by earnings (55.4% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Steve Cahillane (56 yo)





Mr. Steven A. Cahillane, also known as Steve, has been the Chief Executive Officer, President and Director of Kellogg Company since October 2, 2017 and has been its Chairman since March 16, 2018. Mr. Cahil...

CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD11.66M) is about average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: K's management team is seasoned and experienced (5.1 years average tenure).

Board Members

Experienced Board: K's board of directors are considered experienced (5.3 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Kellogg Company's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Kellogg Company
  • Ticker: K
  • Exchange: NYSE
  • Founded: 1906
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$21.666b
  • Shares outstanding: 340.88m
  • Website: https://www.kelloggcompany.com

Number of Employees


  • Kellogg Company
  • One Kellogg Square
  • Battle Creek
  • Michigan
  • 49016-3599
  • United States



Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through four segments: North America, Europe, Latin America, and As...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:02
End of Day Share Price2021/09/17 00:00
Annual Earnings2021/01/02

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.