Kellogg (K) Major Shareholder Sells $5,476,000.00 in Stock

Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the company’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $54.76, for a total transaction of $5,476,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Kellogg W. K. Foundation Trust also recently made the following trade(s):

  • On Tuesday, January 22nd, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $58.36, for a total transaction of $5,836,000.00.
  • On Thursday, January 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $58.24, for a total transaction of $5,824,000.00.
  • On Thursday, December 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $57.69, for a total transaction of $5,769,000.00.
  • On Monday, December 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $59.94, for a total transaction of $5,994,000.00.
  • On Tuesday, November 20th, Kellogg W. K. Foundation Trust sold 180,000 shares of Kellogg stock. The stock was sold at an average price of $62.24, for a total transaction of $11,203,200.00.

Shares of Kellogg stock opened at $56.96 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.40 and a debt-to-equity ratio of 2.60. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.21 and a beta of 0.58. Kellogg has a 1-year low of $54.14 and a 1-year high of $74.98.

Kellogg (NYSE:K) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Kellogg had a net margin of 9.86% and a return on equity of 47.10%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. As a group, equities analysts anticipate that Kellogg will post 4.06 EPS for the current year.

A number of institutional investors have recently modified their holdings of K. Highwater Wealth Management LLC bought a new stake in shares of Kellogg during the fourth quarter valued at approximately $70,000. PNC Financial Services Group Inc. lifted its holdings in Kellogg by 46.2% in the third quarter. PNC Financial Services Group Inc. now owns 389,170 shares of the company’s stock valued at $27,251,000 after buying an additional 123,011 shares during the period. Aperio Group LLC lifted its holdings in Kellogg by 5.2% in the third quarter. Aperio Group LLC now owns 153,080 shares of the company’s stock valued at $10,719,000 after buying an additional 7,618 shares during the period. Manning & Napier Group LLC lifted its holdings in Kellogg by 11.5% in the third quarter. Manning & Napier Group LLC now owns 67,873 shares of the company’s stock valued at $4,752,000 after buying an additional 7,005 shares during the period. Finally, Standard Life Aberdeen plc lifted its holdings in Kellogg by 6.3% in the third quarter. Standard Life Aberdeen plc now owns 110,800 shares of the company’s stock valued at $7,758,000 after buying an additional 6,519 shares during the period. 87.01% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on K shares. Buckingham Research dropped their price target on shares of Kellogg from $80.00 to $77.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Guggenheim started coverage on shares of Kellogg in a research report on Tuesday, January 22nd. They issued a “neutral” rating and a $58.70 price target for the company. Zacks Investment Research raised shares of Kellogg from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Deutsche Bank set a $66.00 price target on shares of Kellogg and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Finally, Credit Suisse Group dropped their price target on shares of Kellogg from $70.00 to $66.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.92.

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Kellogg Company Profile

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. 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 cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods.

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Insider Buying and Selling by Quarter for Kellogg (NYSE:K)

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