Kellogg Co. (NYSE:K) shares fell 4.8% on Wednesday . The stock traded as low as $82.81 and last traded at $82.82, with a volume of 5,647,601 shares traded. The stock had previously closed at $86.98.

Several analysts have commented on K shares. Bank of America Corp. reiterated a “sell” rating on shares of Kellogg in a research report on Saturday, May 14th. Credit Suisse Group AG reiterated a “buy” rating on shares of Kellogg in a research report on Sunday, March 27th. Susquehanna restated a “hold” rating on shares of Kellogg in a research report on Wednesday, May 4th. Zacks Investment Research upgraded shares of Kellogg from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Friday, April 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $76.00 price objective (down previously from $77.00) on shares of Kellogg in a research report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $77.62.

The company has a 50-day moving average of $79.43 and a 200 day moving average of $75.85. The firm has a market cap of $28.88 billion and a P/E ratio of 52.58.

Kellogg (NYSE:K) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.47 billion. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. Equities analysts predict that Kellogg Co. will post $3.69 EPS for the current fiscal year.

In related news, CFO Ronald L. Dissinger sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $77.02, for a total transaction of $3,851,000.00. Following the transaction, the chief financial officer now directly owns 83,749 shares in the company, valued at $6,450,347.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kellogg W. K. Foundation Trust sold 99,000 shares of the business’s 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 disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in K. State of Tennessee Treasury Department boosted its position 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 during the last quarter. BNP Paribas Arbitrage SA boosted its position in Kellogg by 8.9% in the fourth quarter. BNP Paribas Arbitrage SA now owns 344,042 shares of the company’s stock worth $24,864,000 after buying an additional 28,237 shares during the last quarter. Opus Investment Management Inc. boosted its position in Kellogg by 14.5% in the fourth quarter. Opus Investment Management Inc. now owns 79,000 shares of the company’s stock worth $5,709,000 after buying an additional 10,000 shares during the last quarter. I.G. Investment Management LTD. boosted its position 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 during the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in Kellogg by 3.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 19,705 shares of the company’s stock worth $1,424,000 after buying an additional 710 shares during 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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