Sigma Planning Corp boosted its holdings in Kellogg (NYSE:K) by 64.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,300 shares of the company’s stock after buying an additional 4,019 shares during the period. Sigma Planning Corp’s holdings in Kellogg were worth $700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank lifted its holdings in Kellogg by 0.7% in the third quarter. Swiss National Bank now owns 1,568,489 shares of the company’s stock valued at $97,827,000 after buying an additional 10,200 shares during the period. PGGM Investments raised its holdings in Kellogg by 10.1% in the third quarter. PGGM Investments now owns 687,693 shares of the company’s stock worth $42,891,000 after purchasing an additional 62,915 shares during the period. Toronto Dominion Bank raised its holdings in Kellogg by 10.9% in the third quarter. Toronto Dominion Bank now owns 142,516 shares of the company’s stock worth $8,893,000 after purchasing an additional 14,013 shares during the period. Quantbot Technologies LP acquired a new stake in Kellogg in the third quarter worth $4,238,000. Finally, Nationwide Fund Advisors raised its holdings in Kellogg by 26.3% in the third quarter. Nationwide Fund Advisors now owns 405,829 shares of the company’s stock worth $25,312,000 after purchasing an additional 84,474 shares during the period. Institutional investors and hedge funds own 90.18% of the company’s stock.

Several research firms have weighed in on K. Bank of America increased their target price on shares of Kellogg from $66.00 to $69.00 and gave the stock an “underperform” rating in a report on Friday, February 9th. Barclays reiterated a “sell” rating and issued a $69.00 target price on shares of Kellogg in a report on Sunday. DZ Bank lowered shares of Kellogg from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Morgan Stanley increased their target price on shares of Kellogg from $69.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Finally, Citigroup cut their target price on shares of Kellogg from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Kellogg has a consensus rating of “Hold” and an average target price of $73.19.

In related news, major shareholder Kellogg W. K. Foundation Trust sold 78,606 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $65.14, for a total value of $5,120,394.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Kellogg W. K. Foundation Trust sold 3,195 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $65.00, for a total transaction of $207,675.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 306,316 shares of company stock worth $20,381,841. 1.30% of the stock is currently owned by company insiders.

Shares of Kellogg (NYSE K) opened at $67.74 on Thursday. Kellogg has a twelve month low of $58.76 and a twelve month high of $76.44. The company has a current ratio of 0.68, a quick ratio of 0.41 and a debt-to-equity ratio of 3.52. The company has a market cap of $23,315.95, a price-to-earnings ratio of 18.71, a P/E/G ratio of 2.29 and a beta of 0.47.

Kellogg (NYSE:K) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. Kellogg had a net margin of 9.82% and a return on equity of 70.35%. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. analysts predict that Kellogg will post 4.44 EPS for the current year.

Kellogg declared that its board has authorized a share repurchase plan on Friday, December 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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About Kellogg

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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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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