Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $58.53, for a total value of $5,853,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, April 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $57.17, for a total value of $5,717,000.00.
  • On Wednesday, March 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $54.44, for a total value of $5,444,000.00.
  • On Monday, March 11th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $53.98, for a total value of $5,398,000.00.
  • On Monday, February 11th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $54.76, for a total value of $5,476,000.00.
  • On Tuesday, January 22nd, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $58.36, for a total value of $5,836,000.00.

Kellogg stock traded down $0.09 during mid-day trading on Monday, reaching $58.36. 1,731,293 shares of the stock traded hands, compared to its average volume of 2,701,977. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.40 and a current ratio of 0.70. The stock has a market cap of $20.10 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 3.30 and a beta of 0.54. Kellogg has a 12-month low of $53.14 and a 12-month high of $74.98.

Kellogg (NYSE:K) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Kellogg had a return on equity of 47.10% and a net margin of 9.86%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. As a group, sell-side analysts predict that Kellogg will post 3.93 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC grew its position in shares of Kellogg by 1.7% during the first quarter. CWM LLC now owns 420,229 shares of the company’s stock worth $24,113,000 after purchasing an additional 7,146 shares in the last quarter. Boenning & Scattergood Inc. grew its position in shares of Kellogg by 5.5% during the first quarter. Boenning & Scattergood Inc. now owns 8,591 shares of the company’s stock worth $493,000 after purchasing an additional 451 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new stake in shares of Kellogg during the first quarter worth about $541,000. Strs Ohio grew its position in shares of Kellogg by 1.2% during the first quarter. Strs Ohio now owns 43,376 shares of the company’s stock worth $2,488,000 after purchasing an additional 533 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of Kellogg during the first quarter worth about $1,370,000. Institutional investors and hedge funds own 86.75% of the company’s stock.

K has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $69.00 price target on Kellogg and gave the company a “buy” rating in a report on Friday, February 8th. Buckingham Research set a $67.00 price target on Kellogg and gave the company a “buy” rating in a report on Friday, February 8th. TheStreet downgraded Kellogg from a “b-” rating to a “c” rating in a report on Thursday, February 7th. Deutsche Bank set a $60.00 price target on Kellogg and gave the company a “hold” rating in a report on Friday, February 8th. Finally, Pivotal Research downgraded Kellogg from a “buy” rating to a “hold” rating and lowered their price target for the company from $90.00 to $62.00 in a report on Friday, February 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $63.04.

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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. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

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

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