03. Kellogg Company (NYSE:K)
Number of Hedge Fund Holders: 40
Kellogg Company (NYSE:K) is a Michigan-based food manufacturing company that produces a wide range of food products. The company reported strong earnings in the first quarter of 2023 with revenue of $4.05 billion, up 10.4% from the same period last year. Year-to-date, its operating cash flow amounted to over $276 million. On June 26, Kellogg Company (NYSE:K) received an upgrade from Goldman Sachs analysts led by Jason English. The analysts raised their rating on Kellogg Company (NYSE:K) shares from Neutral to Buy and increased their price target from $78 to $83. Following this news, Kellogg Company (NYSE:K) stock experienced a 1.8% increase in recent trading, reaching $66.79. However, it is important to note that the stock has seen a decline of 6.3% so far this year.
