NEW YORK (

TheStreet

) --

Kellogg Company

(NYSE:

K

) hit a new 52-week high Wednesday as it is currently trading at $56.05, above its previous 52-week high of $56 with 958,125 shares traded as of 2:01 p.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Kellogg has a market cap of $20.3 billion and is part of the

consumer goods

sector and

food & beverage

industry. Shares are up 9.2% year to date as of the close of trading on Tuesday.

TheStreet Recommends

Kellogg Company, together with its subsidiaries, engages in the manufacture and marketing of ready-to-eat cereal and convenience foods. Its principal products include cookies, crackers, toaster pastries, cereal bars, fruit snacks, frozen waffles, and veggie foods. The company has a P/E ratio of 16.8, equal to the average food & beverage industry P/E ratio and equal to the S&P 500 P/E ratio of 16.7.

  • Practice your K trading strategies and win cash in our stock game.

TheStreet Ratings rates Kellogg as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Kellogg Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

null