Part of a Sensible Diet
The world's largest maker of ready-to-eat cereals, snack foods, frozen waffles and Pringles hasn't been a good long-term holding for investors over the past five years. Kellogg (K) shares peaked at $56.89 in 2007, and they closed Friday at $52.98.
Zacks expects Kellogg's earnings per share to come in at $3.31 this year. That would be 20% above the 2007 tally, but 2.1% below last year's total. The reason the stock has had a poor five-year performance was the elevated price-to-earnings multiple of 21.6x near the old high....234 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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