Kellogg Co. reports on Monday that its reduced 2012 anticipate for the reason that of slower sales growth in its first quarter.
Shares dropped $2.25, or 4.2%, to $51.74 in morning trading.
Kellogg reported that it currently anticipates a full-year profit amid $3.18 and $3.30 a share because of the lower sales growth in Europe and for some US products in the first quarter of the year. That includes a charge of 6 cents to 11 cents a share from Kellogg’s $2.7 billion purchase of Pringles.
Sector analysis, over all sector moved up, Kraft Foods Inc (NYSE:KFT) declined -1.43%, The Coca-Cola Company (NYSE:KO) lost -0.59%, General Mills, Inc. (NYSE:GIS) slipped -0.85%, Johnson & Johnson (NYSE:JNJ) slid -0.53%, The Procter & Gamble Company (NYSE:PG) which also decreased -1.27% and PepsiCo, Inc. (NYSE:PEP) moved down -0.68%.
Kellogg Company (NYSE:K) stock’s trade at beginning with a price of $51.66 and throughout the trading session climbed at a high of $52.04 other than when day-trade ended the stock finally slipped -6.09% to $50.70.
Shares price of Kellogg moved down from its 20 days moving average with -4.90% and remote negatively from 50 days moving average with -3.48%. Kellogg current year earnings per share experienced an addition with 2.51% while its current quarter performance remained 0.22%.
Kellogg had a trade volume of 8.27 million shares was higher as compared to average trading capacity of 1.42 million shares.
Kellogg last month stock price volatility remained 0.91%. In its share capital Kellogg has 356.92 million outstanding shares among them 353.99 million shares have been floated in market exchange. Kellogg stock institutional ownership remained 81.65% while insider ownership included 22.17%.
The stock is ahead its 52 week low with 7.21% and lagging behind from its 52 week high price with -9.26%. Company’s beta coefficient included 0.45. Beta factors measures the amount of market risk associated with market trade.
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