Kellogg Co. (NYSE:K) rose 1.8% during mid-day trading on Tuesday . The company traded as high as $87.16 and last traded at $87.12, with a volume of 2,462,130 shares traded. The stock had previously closed at $85.61.

K has been the topic of a number of recent analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of Kellogg in a report on Sunday, March 27th. Vetr lowered shares of Kellogg from a “buy” rating to a “hold” rating and set a $78.98 price target on the stock. in a report on Tuesday, March 29th. Zacks Investment Research lowered shares of Kellogg from a “buy” rating to a “hold” rating in a report on Tuesday, April 12th. TheStreet raised shares of Kellogg from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Finally, Bank of America Corp. reissued a “sell” rating on shares of Kellogg in a report on Saturday, May 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.12.

The stock has a market capitalization of $30.45 billion and a price-to-earnings ratio of 55.44. The stock has a 50-day moving average of $78.99 and a 200 day moving average of $75.75.

Kellogg (NYSE:K) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. The company earned $3.40 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis. Equities analysts predict that Kellogg Co. will post $3.69 EPS for the current fiscal year.

In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 99,000 shares of the stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $84.00, for a total transaction of $8,316,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 200,000 shares of the stock in a transaction dated Tuesday, April 26th. The stock was sold at an average price of $75.93, for a total transaction of $15,186,000.00. Following the transaction, the insider now owns 69,222,980 shares in the company, valued at $5,256,100,871.40. The disclosure for this sale can be found here.

Other hedge funds have recently added to or reduced their stakes in the company. UBS Oconnor LLC boosted its stake in Kellogg by 57.4% in the fourth quarter. UBS Oconnor LLC now owns 1,327,037 shares of the company’s stock worth $95,905,000 after buying an additional 483,742 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kellogg by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 16,748,623 shares of the company’s stock worth $1,210,422,000 after buying an additional 385,613 shares in the last quarter. I.G. Investment Management LTD. boosted its stake in Kellogg by 144.4% in the fourth quarter. I.G. Investment Management LTD. now owns 405,307 shares of the company’s stock worth $29,292,000 after buying an additional 239,492 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Kellogg by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 4,553,064 shares of the company’s stock worth $329,051,000 after buying an additional 85,898 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its stake in Kellogg by 174.6% in the fourth quarter. State of Tennessee Treasury Department now owns 107,350 shares of the company’s stock worth $7,758,000 after buying an additional 68,250 shares in the last quarter.

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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