Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 180,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $62.24, for a total value of $11,203,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Kellogg W. K. Foundation Trust also recently made the following trade(s):

  • On Wednesday, October 10th, Kellogg W. K. Foundation Trust sold 205,000 shares of Kellogg stock. The stock was sold at an average price of $69.72, for a total value of $14,292,600.00.
  • On Thursday, September 13th, Kellogg W. K. Foundation Trust sold 215,000 shares of Kellogg stock. The stock was sold at an average price of $74.61, for a total value of $16,041,150.00.

Kellogg stock opened at $61.89 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.84 and a quick ratio of 0.52. The firm has a market cap of $21.41 billion, a P/E ratio of 15.32, a PEG ratio of 2.32 and a beta of 0.50. Kellogg has a one year low of $56.40 and a one year high of $74.98.

Kellogg (NYSE:K) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.01). The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Kellogg had a return on equity of 51.32% and a net margin of 13.75%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, research analysts anticipate that Kellogg will post 4.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, November 30th. Kellogg’s payout ratio is 55.45%.

Institutional investors and hedge funds have recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. bought a new position in shares of Kellogg in the third quarter worth about $101,000. LFA Lugano Financial Advisors SA bought a new position in shares of Kellogg in the second quarter worth about $103,000. Integrated Investment Consultants LLC bought a new position in shares of Kellogg in the second quarter worth about $110,000. Financial Architects Inc bought a new position in shares of Kellogg in the third quarter worth about $111,000. Finally, Captrust Financial Advisors boosted its stake in shares of Kellogg by 216.4% in the third quarter. Captrust Financial Advisors now owns 1,585 shares of the company’s stock worth $111,000 after acquiring an additional 1,084 shares during the period. Institutional investors and hedge funds own 86.92% of the company’s stock.

K has been the subject of a number of research reports. Buckingham Research reduced their price objective on Kellogg from $77.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Citigroup reduced their price objective on Kellogg from $79.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, November 14th. Credit Suisse Group reduced their price objective on Kellogg from $70.00 to $66.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Deutsche Bank set a $66.00 price objective on Kellogg and gave the company a “hold” rating in a research report on Wednesday, November 14th. Finally, BMO Capital Markets upped their price objective on Kellogg to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, November 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $70.22.

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About Kellogg

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods.

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