Yahoo Finance Why Kellogg’s Stock Rose 4% after Fiscal 4Q15 Earnings
Why Kellogg’s Stock Rose 4% after Fiscal 4Q15 Earnings
Stock price performance
Kellogg Company (K) reported its fiscal 4Q15 and fiscal 2015 results yesterday. The stock rose 4% on better-than-expected earnings to close at $73.69 in yesterday’s trade.
The stock fell 4% after Kellogg reported its fiscal 3Q15 earnings release on November 3 but has risen 5.5% since then. The stock has risen 3% so far in 2016 and has risen 6% in the last two months, as of yesterday. The stock fell as much as 10% in 2015 due to the declining earnings and revenue growth trends. The stock’s price movements on YTD (year-to-date) and month-to-date bases are -1.9% and 0.34%, respectively. It is trading at 2.5% on a trailing-five-day basis.
Peers’ stock performances
Kellogg’s peers in the industry include General Mills (GIS), Cal-Maine Foods (CALM), and The Hershey Company (HSY). GIS and CALM will report their fiscal 3Q15 results in March, and Hershey reported its fiscal 4Q15 results on January 28.
General Mills, Cal-Maine Foods, and Hershey closed yesterday’s trade at $55.98, $47.42, and $88.49, respectively. GIS and HSY have fallen 2.9% and 0.87%, respectively, on a YTD basis, while CALM has risen 2.3% YTD. The First Trust Consumer Staples AlphaDEX Fund (FXG) invests 2.9% of its holdings in Kellogg (K) and closed yesterday’s trade at $42.12. FXG’s YTD return is -5.2%.
What to look for in this series
Scroll down to check out Kellogg’s performance in its recently reported fiscal 4Q15 and fiscal 2015 results. We’ll also discuss the company’s moving averages, analysts’ recommendations for the stock after the fiscal 4Q15 earnings release, and the company’s guidance for fiscal 2016.
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