Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 205,000 shares of Kellogg stock in a transaction on Wednesday, October 10th. The shares were sold at an average price of $69.72, for a total value of $14,292,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, September 13th, Kellogg W. K. Foundation Trust sold 215,000 shares of Kellogg stock. The shares were sold at an average price of $74.61, for a total value of $16,041,150.00.
  • On Thursday, August 9th, Kellogg W. K. Foundation Trust sold 150,000 shares of Kellogg stock. The shares were sold at an average price of $71.20, for a total value of $10,680,000.00.
  • On Friday, July 13th, Kellogg W. K. Foundation Trust sold 150,000 shares of Kellogg stock. The shares were sold at an average price of $71.06, for a total value of $10,659,000.00.

Kellogg stock opened at $67.95 on Friday. Kellogg has a 52 week low of $56.40 and a 52 week high of $74.98. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.82 and a quick ratio of 0.50. The stock has a market cap of $24.27 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 2.03 and a beta of 0.49.

Kellogg (NYSE:K) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.09. Kellogg had a return on equity of 59.68% and a net margin of 13.33%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Kellogg will post 4.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, August 31st. This represents a $2.24 annualized dividend and a yield of 3.30%. This is a positive change from Kellogg’s previous quarterly dividend of $0.54. Kellogg’s payout ratio is 55.45%.

A number of hedge funds have recently modified their holdings of the business. Stonebridge Capital Management Inc. lifted its stake in Kellogg by 3.8% during the second quarter. Stonebridge Capital Management Inc. now owns 21,000 shares of the company’s stock worth $1,502,000 after purchasing an additional 775 shares during the last quarter. Kiley Juergens Wealth Management LLC lifted its stake in Kellogg by 57.7% during the third quarter. Kiley Juergens Wealth Management LLC now owns 2,127 shares of the company’s stock worth $148,000 after purchasing an additional 778 shares during the last quarter. Van Hulzen Asset Management LLC lifted its stake in Kellogg by 1.1% during the second quarter. Van Hulzen Asset Management LLC now owns 76,058 shares of the company’s stock worth $5,314,000 after purchasing an additional 814 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in Kellogg by 2.0% during the second quarter. First Republic Investment Management Inc. now owns 44,755 shares of the company’s stock worth $3,127,000 after purchasing an additional 893 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in Kellogg by 9.1% during the second quarter. Capital Investment Advisors LLC now owns 11,189 shares of the company’s stock worth $782,000 after purchasing an additional 931 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on K shares. Credit Suisse Group lifted their price target on Kellogg from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, August 9th. Wells Fargo & Co restated a “hold” rating and set a $67.00 target price (up from $62.00) on shares of Kellogg in a research report on Sunday, August 5th. Buckingham Research boosted their target price on Kellogg from $76.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Morgan Stanley began coverage on Kellogg in a research report on Monday, September 17th. They set an “equal weight” rating and a $75.00 target price for the company. Finally, ValuEngine upgraded Kellogg from a “sell” rating to a “hold” rating in a research report on Tuesday, June 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $72.76.

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.

Read More: Stock Selection – What is cash flow?

Insider Buying and Selling by Quarter for Kellogg (NYSE:K)

Receive News & Ratings for Kellogg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kellogg and related companies with MarketBeat.com's FREE daily email newsletter.