Aperio Group LLC lessened its stake in shares of Kellogg Company (NYSE:K) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,146 shares of the company’s stock after selling 13,246 shares during the quarter. Aperio Group LLC’s holdings in Kellogg were worth $7,556,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of K. Washington Trust Bank boosted its stake in Kellogg by 0.8% in the 2nd quarter. Washington Trust Bank now owns 1,780 shares of the company’s stock worth $124,000 after buying an additional 15 shares during the last quarter. Exane Derivatives lifted its stake in shares of Kellogg by 24.2% in the 2nd quarter. Exane Derivatives now owns 2,300 shares of the company’s stock valued at $160,000 after purchasing an additional 448 shares in the last quarter. CWM LLC lifted its stake in shares of Kellogg by 5.3% in the 2nd quarter. CWM LLC now owns 2,343 shares of the company’s stock valued at $163,000 after purchasing an additional 117 shares in the last quarter. Alpha Windward LLC lifted its stake in shares of Kellogg by 0.4% in the 2nd quarter. Alpha Windward LLC now owns 2,575 shares of the company’s stock valued at $179,000 after purchasing an additional 11 shares in the last quarter. Finally, Round Table Services LLC acquired a new position in shares of Kellogg in the 2nd quarter valued at about $200,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently commented on K. UBS AG reduced their price target on Kellogg from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday. Buckingham Research reduced their price target on Kellogg from $79.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday. Royal Bank Of Canada boosted their price target on Kellogg from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Piper Jaffray Companies set a $72.00 price target on Kellogg and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc set a $71.00 price objective on Kellogg and gave the stock a “hold” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Kellogg currently has a consensus rating of “Hold” and an average target price of $71.00.
Kellogg Company (NYSE:K) opened at $61.96 on Friday. Kellogg Company has a 12-month low of $58.76 and a 12-month high of $78.37. The stock has a market capitalization of $21,703.22, a P/E ratio of 15.49, a P/E/G ratio of 2.50 and a beta of 0.49. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.42 and a current ratio of 0.68.
Kellogg (NYSE:K) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.11. Kellogg had a return on equity of 73.92% and a net margin of 6.15%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. equities analysts forecast that Kellogg Company will post 4.04 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.16 dividend on an annualized basis and a yield of 3.49%. Kellogg’s dividend payout ratio (DPR) is presently 96.43%.
Kellogg Company Profile
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.
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