Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 215,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $74.61, for a total value of $16,041,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more 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 Thursday, August 9th, Kellogg W. K. Foundation Trust sold 150,000 shares of Kellogg stock. The stock was sold at an average price of $71.20, for a total value of $10,680,000.00.
  • On Friday, July 13th, Kellogg W. K. Foundation Trust sold 150,000 shares of Kellogg stock. The stock was sold at an average price of $71.06, for a total value of $10,659,000.00.
  • On Wednesday, June 27th, Kellogg W. K. Foundation Trust sold 160,000 shares of Kellogg stock. The shares were sold at an average price of $69.85, for a total value of $11,176,000.00.

K stock opened at $69.38 on Friday. Kellogg has a twelve month low of $56.40 and a twelve month high of $74.98. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.50 and a current ratio of 0.82. The company has a market capitalization of $24.27 billion, a PE ratio of 17.17, a P/E/G ratio of 2.03 and a beta of 0.49.

Kellogg (NYSE:K) last posted its earnings results on Thursday, August 2nd. The company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. Kellogg had a return on equity of 59.68% and a net margin of 13.33%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Kellogg will post 4.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Tuesday, September 4th were issued a dividend of $0.56 per share. This is a positive change from Kellogg’s previous quarterly dividend of $0.54. This represents a $2.24 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Friday, August 31st. Kellogg’s dividend payout ratio (DPR) is 55.45%.

Several analysts recently weighed in on the company. Buckingham Research upped their price objective on Kellogg from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Morgan Stanley started coverage on Kellogg in a research report on Monday, September 17th. They set an “equal weight” rating and a $75.00 price objective for the company. Credit Suisse Group increased their target price on Kellogg from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Wells Fargo & Co reiterated a “hold” rating on shares of Kellogg in a research report on Monday, July 23rd. Finally, ValuEngine upgraded Kellogg from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $72.76.

A number of institutional investors have recently modified their holdings of K. LFA Lugano Financial Advisors SA bought a new stake in shares of Kellogg in the second quarter valued at $103,000. Integrated Investment Consultants LLC bought a new stake in shares of Kellogg in the second quarter valued at $110,000. CSat Investment Advisory L.P. bought a new stake in shares of Kellogg in the second quarter valued at $127,000. Fort L.P. bought a new stake in shares of Kellogg in the second quarter valued at $127,000. Finally, ELM Advisors LLC bought a new stake in shares of Kellogg in the third quarter valued at $172,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

About Kellogg

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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