Bennicas & Associates Inc. decreased its position in shares of Kellogg Company (NYSE:K) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 25,200 shares of the company’s stock after selling 300 shares during the period. Kellogg Company accounts for 1.6% of Bennicas & Associates Inc.’s portfolio, making the stock its 14th largest position. Bennicas & Associates Inc.’s holdings in Kellogg Company were worth $1,830,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new stake in Kellogg Company during the third quarter worth approximately $267,000. Nationwide Fund Advisors raised its position in shares of Kellogg Company by 3.1% in the third quarter. Nationwide Fund Advisors now owns 269,632 shares of the company’s stock worth $20,888,000 after buying an additional 8,199 shares in the last quarter. PGGM Investments raised its position in shares of Kellogg Company by 4.7% in the third quarter. PGGM Investments now owns 220,792 shares of the company’s stock worth $17,105,000 after buying an additional 9,897 shares in the last quarter. Navellier & Associates Inc bought a new position in shares of Kellogg Company during the third quarter worth $4,191,000. Finally, Murphy Capital Management Inc. raised its position in shares of Kellogg Company by 9.3% in the third quarter. Murphy Capital Management Inc. now owns 8,200 shares of the company’s stock worth $635,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Institutional Ownership by Quarter for Kellogg Company (NYSE:K)

Kellogg Company (NYSE:K) traded up 1.02% on Tuesday, reaching $73.05. 1,009,605 shares of the company’s stock were exchanged. The company has a market cap of $25.65 billion, a P/E ratio of 37.27 and a beta of 0.53. Kellogg Company has a 12-month low of $70.74 and a 12-month high of $87.16. The firm has a 50 day moving average of $73.43 and a 200-day moving average of $73.71.

Kellogg Company (NYSE:K) last announced its earnings results on Thursday, February 9th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. Kellogg Company had a net margin of 5.33% and a return on equity of 66.33%. The business earned $3.10 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The business’s revenue was down 1.4% compared to the same quarter last year. Equities analysts expect that Kellogg Company will post $3.93 EPS for the current fiscal year.

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A number of brokerages recently weighed in on K. Sanford C. Bernstein lowered shares of Kellogg Company from a “market perform” rating to an “underperform” rating in a research note on Tuesday, March 21st. Deutsche Bank AG began coverage on shares of Kellogg Company in a research note on Wednesday, February 15th. They issued a “hold” rating and a $79.00 price target on the stock. TheStreet lowered shares of Kellogg Company from a “b” rating to a “c+” rating in a research note on Thursday, February 9th. Royal Bank of Canada raised their price target on shares of Kellogg Company from $84.00 to $87.00 and gave the company a “sector perform” rating in a research note on Friday, February 10th. Finally, Zacks Investment Research raised shares of Kellogg Company from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $82.67.

About Kellogg Company

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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