Kellogg Co. (K) Shares Bought by Delta Lloyd NV
Delta Lloyd NV raised its position in shares of Kellogg Co. (NYSE:K) by 26.5% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 19,836 shares of the company’s stock after buying an additional 4,150 shares during the period. Delta Lloyd NV’s holdings in Kellogg were worth $1,537,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of K. Mark Sheptoff Financial Planning LLC raised its stake in shares of Kellogg by 1,320.0% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,420 shares of the company’s stock worth $116,000 after buying an additional 1,320 shares during the period. NN Investment Partners Holdings N.V. raised its stake in shares of Kellogg by 13.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,704 shares of the company’s stock worth $139,000 after buying an additional 200 shares during the period. Washington Trust Bank raised its stake in shares of Kellogg by 1.9% in the third quarter. Washington Trust Bank now owns 1,799 shares of the company’s stock worth $139,000 after buying an additional 34 shares during the period. Global X Management Co. LLC raised its stake in shares of Kellogg by 300.6% in the second quarter. Global X Management Co. LLC now owns 1,851 shares of the company’s stock worth $151,000 after buying an additional 1,389 shares during the period. Finally, Physicians Financial Services Inc. raised its stake in shares of Kellogg by 171.7% in the third quarter. Physicians Financial Services Inc. now owns 2,532 shares of the company’s stock worth $196,000 after buying an additional 1,600 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Kellogg Co. (NYSE:K) traded down 2.20% during midday trading on Wednesday, reaching $72.00. The company had a trading volume of 1,854,570 shares. The firm has a market capitalization of $25.27 billion, a P/E ratio of 36.24 and a beta of 0.55. Kellogg Co. has a one year low of $68.20 and a one year high of $87.16. The company has a 50 day moving average price of $74.25 and a 200-day moving average price of $78.14.
Kellogg (NYSE:K) last posted its earnings results on Tuesday, November 1st. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. Kellogg had a net margin of 5.41% and a return on equity of 61.36%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $878.20 million. During the same quarter last year, the firm earned $0.85 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts anticipate that Kellogg Co. will post $3.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.08 annualized dividend and a dividend yield of 2.89%. Kellogg’s dividend payout ratio is currently 105.05%.
Several analysts recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating on shares of Kellogg in a report on Saturday, August 6th. Argus reiterated a “hold” rating on shares of Kellogg in a report on Friday, August 5th. RBC Capital Markets reiterated a “sector perform” rating and set a $86.00 target price (up previously from $82.00) on shares of Kellogg in a report on Friday, August 5th. Citigroup Inc. dropped their target price on Kellogg from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 5th. Finally, Royal Bank Of Canada upped their target price on Kellogg from $82.00 to $86.00 and gave the stock a “sector perform” rating in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $82.33.
In related news, CFO Ronald L. Dissinger sold 5,843 shares of Kellogg stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $74.88, for a total value of $437,523.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul T. Norman sold 5,420 shares of Kellogg stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $74.89, for a total transaction of $405,903.80. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.
Kellogg Company Profile
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s products include cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. Its segments include U.S. Morning Foods; U.S. Snacks; U.S.
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