Stock Update: Kellogg Company (NYSE:K)

[PRNewswire] Kellogg Company (NYSE:K) announced that its Board of Directors declared a dividend of $0.49 per share on the common stock of the Company. The dividend is payable on December 15, 2014 to shareowners of record at the close of business on December 1, 2014. The ex-dividend date is November 26, 2014. This is the 360th dividend that Kellogg Company has paid to owners of common stock since 1925.Stock PerformanceTaking a look at the company’s recent performance, Kellogg Company reported Second quarter earnings for fiscal 2014 on July 31^ST. The company reported actual earnings per share of $1.02 against the consensus Street estimate of $1.03. This represents year over year growth of 1.96%. Kellogg Company posted revenue of $3.70 billion against estimates of $3.73 billion.Kellogg Company (K) is currently valued at $22.31 billion and closed the last trading session at $61.94. The stock has a 50-day moving average of $63.47 and a 200-day moving average of $65.14.

Is this a Buying Opportunity?There are currently ten analysts that we track that cover the stock. Of those ten, one has a Buy rating, four have a hold rating and five have a sell rating. On a consensus basis this yields a score of 1.60 and a Hold. The combined price objective of these covering analysts is $59.00, which represents a 3.20% downside difference to the last closing price.The most recent analyst activity consisted of ZacksReiterating their Neutral stance on the company. Zacks has a price target of $65.00, which represents an upside of 5.52% from the last closing price. On the date of the report, the stock closed at $61.60.Another research firm weighing in recently was Societe Generale who Downgraded their hold stance on the stock. On September 17^th Societe Generale Downgraded their price target on the stock from $ 58.50 to $66.00, or a 5.10% upside to the current price. On the day of the report, K shares closed at $62.80.Company ProfileKellogg Company (NYSE:K), together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience food products primarily in the United States and the United Kingdom. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, frozen foods, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods, as well as health and wellness business bars, and beverages. The company markets cereal products under the Kellogg’s name; and cookies, crackers, crisps, and other convenience foods under various brands, such as Kellogg’s, Keebler, Cheez-It, Murray, Austin, and Famous Amos.