Zevin Asset Management LLC cut its holdings in Kellogg (NYSE:K) by 7.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,950 shares of the company’s stock after selling 300 shares during the period. Zevin Asset Management LLC’s holdings in Kellogg were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of K. Bank of New York Mellon Corp raised its stake in Kellogg by 25.3% in the second quarter. Bank of New York Mellon Corp now owns 5,324,426 shares of the company’s stock valued at $372,017,000 after buying an additional 1,076,748 shares in the last quarter. Morgan Stanley increased its position in shares of Kellogg by 70.2% during the third quarter. Morgan Stanley now owns 1,730,012 shares of the company’s stock worth $121,137,000 after purchasing an additional 713,311 shares in the last quarter. Vanguard Group Inc increased its position in shares of Kellogg by 3.4% during the third quarter. Vanguard Group Inc now owns 21,245,966 shares of the company’s stock worth $1,487,643,000 after purchasing an additional 696,685 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Kellogg by 73.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,121,246 shares of the company’s stock worth $78,509,000 after purchasing an additional 474,842 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Kellogg by 148.5% during the third quarter. Russell Investments Group Ltd. now owns 684,689 shares of the company’s stock worth $47,940,000 after purchasing an additional 409,201 shares in the last quarter. Institutional investors own 87.01% of the company’s stock.

In other Kellogg news, major shareholder Kellogg W. K. Foundation Trust sold 180,000 shares of Kellogg stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Steven A. Cahillane acquired 17,825 shares of the stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $61.63 per share, for a total transaction of $1,098,554.75. The disclosure for this purchase can be found here. Insiders sold a total of 680,000 shares of company stock worth $40,102,200 in the last 90 days. 1.40% of the stock is currently owned by insiders.

K has been the topic of a number of research analyst reports. Zacks Investment Research cut Kellogg from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. BMO Capital Markets lifted their target price on Kellogg to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 14th. Guggenheim initiated coverage on Kellogg in a research report on Tuesday, January 22nd. They set a “neutral” rating and a $58.70 target price on the stock. ValuEngine cut Kellogg from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, UBS Group set a $65.00 target price on Kellogg and gave the stock a “hold” rating in a research report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $64.92.

K stock traded up $0.49 during trading on Tuesday, hitting $56.16. The company had a trading volume of 59,796 shares, compared to its average volume of 2,679,942. The stock has a market capitalization of $19.21 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.21 and a beta of 0.58. Kellogg has a 1-year low of $54.14 and a 1-year high of $74.98. The company has a quick ratio of 0.40, a current ratio of 0.70 and a debt-to-equity ratio of 2.60.

Kellogg (NYSE:K) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.03. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Kellogg had a return on equity of 47.10% and a net margin of 9.86%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Analysts expect that Kellogg will post 4.06 earnings per share for the current fiscal year.

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Kellogg Company Profile

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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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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