The "Chart of the Day" is Kellogg Company (K), which showed up on Tuesday's Barchart "All-Time High" list. Kellogg posted an all-time Tuesday at $58.88 and closed up +0.70%. TrendSpotter has been long since Jan 2 at $56.91. In recent news on the stock, Deutsche Bank on Jan 7 named Kellogg its top pick for 2013 in the Packaged Foods sector and raised its price target for the stock to $64 from $60. Deutsche Bank also sees the current valuation of Kellogg as attractive and kept a "Buy" rating on the stock. Kellogg Company, with a market cap of $21.089 billion, is the world's leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, meat alternatives, pie crusts, and ice cream cones. The company's brands include Kellogg's, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, Morningstar Farms, Famous Amos, Carr's, Plantation, Ready Crust, and Kashi. Kellogg products are manufactured in 19 countries and marketed in more than 160 countries around the world.
No comments:
Post a Comment