Kellogg’s moving averages
Kellogg (K) closed at $71.84 on February 5, 2016. It is trading 2.9% above its 100-day moving average, 0.9% above its 50-day moving average, and 0.3% above its 20-day moving average. The stock has risen 6% in the last two months. Kellogg’s peers in the industry include General Mills (GIS), ConAgra Foods (CAG), and Pinnacle Foods (PF).
On February 5, General Mills closed at $55.37, which is 2.8% below both its 100-day and 50-day moving averages. The stock has fallen 3.0% in the last two months. ConAgra Foods closed at $39.39, which is 3.6% below its 100-day moving average, 3.1% below its 50-day moving average, and 1.6% below its 20-day moving average. CAG has risen 1.8% during the last two months.
Pinnacle Foods is trading 3.0% below its 100-day moving average, 2.5% below its 50-day moving average, and 1.8% below its 20-day moving average. It has fallen 1.1% in the last two months. PF closed at $41.55 on February 5.
The Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) invests 2.6% of its holdings in K, 2.7% of its holdings in CAG, and 2.5% of its holdings in GIS. The ETF is trading 1.1% and 0.48% above its 100-day and 20-day moving averages, respectively, but 0.63% below its 50-day moving average. It closed at $113.20 on February 5.
Analysts’ estimates indicate rises of 2.2% for K, 5.8% for GIS, 13.6% for CAG, and 13.5% for PF over the next 12-month period. As of February 5, K, GIS, CAG, and PF have seen YTD returns of -0.6%, -4.0%, -0.8%, and -2.1%, respectively. RHS has fallen 2.4% YTD. The PowerShares DWA Consumer Staples Momentum Portfolio (PSL) also invests 2.3% of its holdings in PF.
In the next part of this series, we’ll have a look at analysts’ recommendations for Kellogg (K).