Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $54.98, for a total transaction of $5,498,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, June 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $54.95, for a total transaction of $5,495,000.00.
  • On Monday, June 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $54.84, for a total transaction of $5,484,000.00.
  • On Monday, May 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $56.58, for a total transaction of $5,658,000.00.
  • On Friday, May 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $57.81, for a total transaction of $5,781,000.00.
  • On Monday, April 22nd, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $58.53, for a total transaction of $5,853,000.00.

NYSE K opened at $54.60 on Friday. Kellogg has a 1 year low of $51.34 and a 1 year high of $74.98. The company has a quick ratio of 0.41, a current ratio of 0.68 and a debt-to-equity ratio of 2.75. The stock has a market cap of $18.65 billion, a PE ratio of 12.61, a PEG ratio of 3.21 and a beta of 0.63. The business has a 50 day moving average price of $55.10.

Kellogg (NYSE:K) last posted its earnings results on Thursday, May 2nd. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.06. Kellogg had a net margin of 8.59% and a return on equity of 43.13%. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period in the prior year, the company posted $1.19 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts forecast that Kellogg will post 3.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.10%. The ex-dividend date was Friday, May 31st. Kellogg’s dividend payout ratio is presently 51.73%.

A number of analysts recently commented on the stock. ValuEngine upgraded shares of USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Morgan Stanley set a $56.00 price target on shares of Kellogg and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Consumer Edge cut shares of Kellogg from an “equal weight” rating to an “underweight” rating and set a $49.00 price target on the stock. in a research note on Monday, June 24th. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Kellogg currently has an average rating of “Hold” and an average price target of $58.58.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ERTS Wealth Advisors LLC bought a new position in shares of Kellogg in the 4th quarter worth $34,000. Capital Financial Planning LLC bought a new position in shares of Kellogg in the 4th quarter worth $34,000. Penserra Capital Management LLC bought a new position in shares of Kellogg in the 1st quarter worth $40,000. Claybrook Capital LLC bought a new position in shares of Kellogg in the 4th quarter worth $43,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Kellogg in the 4th quarter worth $48,000. Institutional investors and hedge funds own 87.19% of the company’s stock.

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. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

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

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