CX Institutional boosted its stake in shares of Kellogg (NYSE:K – Get Rating) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,007 shares of the company’s stock after buying an additional 538 shares during the quarter. CX Institutional’s holdings in Kellogg were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Kellogg by 2.0% during the third quarter. Vanguard Group Inc. now owns 30,276,057 shares of the company’s stock worth $2,109,031,000 after buying an additional 583,666 shares during the period. State Street Corp grew its position in shares of Kellogg by 2.6% in the first quarter. State Street Corp now owns 14,696,120 shares of the company’s stock valued at $947,753,000 after purchasing an additional 369,620 shares during the last quarter. Invesco Ltd. grew its position in shares of Kellogg by 6.3% in the first quarter. Invesco Ltd. now owns 5,137,164 shares of the company’s stock valued at $331,296,000 after purchasing an additional 302,388 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Kellogg by 8.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,185,275 shares of the company’s stock valued at $269,909,000 after purchasing an additional 310,891 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Kellogg by 2.3% in the first quarter. Northern Trust Corp now owns 3,572,408 shares of the company’s stock valued at $230,385,000 after purchasing an additional 79,732 shares during the last quarter. 82.59% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have recently commented on K shares. TheStreet lowered shares of Kellogg from a “b” rating to a “c+” rating in a research report on Thursday, February 9th. Credit Suisse Group lowered their price target on shares of Kellogg from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, February 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kellogg from $73.00 to $69.00 and set a “hold” rating on the stock in a research report on Monday, March 20th. Stifel Nicolaus started coverage on shares of Kellogg in a research report on Thursday, April 13th. They issued a “hold” rating and a $71.00 price target on the stock. Finally, StockNews.com upgraded shares of Kellogg from a “hold” rating to a “buy” rating in a research report on Wednesday, March 29th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.40.
Insiders Place Their Bets
Kellogg Stock Up 1.4 %
Shares of NYSE K opened at $68.55 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.38 and a current ratio of 0.66. The firm has a market cap of $23.43 billion, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. Kellogg has a 1 year low of $63.74 and a 1 year high of $77.17. The firm’s 50 day moving average price is $66.53 and its 200 day moving average price is $69.55.
Kellogg (NYSE:K – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.66 billion. Kellogg had a net margin of 6.27% and a return on equity of 32.51%. Kellogg’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, sell-side analysts anticipate that Kellogg will post 4.04 earnings per share for the current year.
Kellogg Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Tuesday, February 28th. Kellogg’s dividend payout ratio is currently 84.59%.
Kellogg Profile
Kellogg Co engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It operates through the following segments: North America, Europe, Latin America, and Asia Middle East Africa. The North America segment includes the U.S. businesses and Canada. The Europe segment consists of European countries.
Read More
- Get a free copy of the StockNews.com research report on Kellogg (K)
- United Parcel Service Delivers A Warning To The Market
- Pulte Homes Is Hosting The Better, More Profitable Open House
- Virios Therapeutics Up 75% on Fibromyalgia Phase 3 Proposal
- A Top Is In For McDonald’s Corporation Stock
- Strong Demand Makes Cleveland-Cliffs an Undervalued Mid-Cap
Receive News & Ratings for Kellogg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kellogg and related companies with MarketBeat.com's FREE daily email newsletter.
