Alpha Windward LLC raised its stake in Kellogg Company (NYSE:K) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,575 shares of the company’s stock after buying an additional 11 shares during the period. Alpha Windward LLC’s holdings in Kellogg were worth $179,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Altfest L J & Co. Inc. increased its position in shares of Kellogg by 0.5% in the first quarter. Altfest L J & Co. Inc. now owns 2,891 shares of the company’s stock valued at $210,000 after buying an additional 14 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Kellogg by 0.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 6,813 shares of the company’s stock valued at $495,000 after buying an additional 21 shares during the period. Whittier Trust Co. increased its position in shares of Kellogg by 1.0% in the first quarter. Whittier Trust Co. now owns 3,085 shares of the company’s stock valued at $224,000 after buying an additional 31 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in shares of Kellogg by 1.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,218 shares of the company’s stock valued at $161,000 after buying an additional 31 shares during the period. Finally, Reliance Trust Co. of Delaware increased its position in shares of Kellogg by 1.0% in the first quarter. Reliance Trust Co. of Delaware now owns 3,937 shares of the company’s stock valued at $286,000 after buying an additional 38 shares during the period. Institutional investors own 83.30% of the company’s stock.
Kellogg Company (NYSE K) opened at 67.22 on Friday. The firm’s 50-day moving average is $69.77 and its 200-day moving average is $71.99. Kellogg Company has a 1-year low of $65.32 and a 1-year high of $84.28. The company has a market capitalization of $23.55 billion, a P/E ratio of 30.42 and a beta of 0.50.
Kellogg (NYSE:K) last announced its quarterly earnings data on Thursday, May 4th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.05. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.28 billion. Kellogg had a net margin of 6.07% and a return on equity of 67.99%. Kellogg’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. Equities research analysts predict that Kellogg Company will post $3.92 EPS for the current year.
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Several research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Kellogg from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Susquehanna Bancshares Inc set a $78.00 target price on shares of Kellogg and gave the company a “hold” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada decreased their target price on shares of Kellogg from $84.00 to $81.00 and set a “sector perform” rating for the company in a research note on Friday, May 5th. UBS AG decreased their target price on shares of Kellogg from $81.00 to $76.00 and set a “neutral” rating for the company in a research note on Friday, May 5th. Finally, TheStreet upgraded shares of Kellogg from a “c+” rating to a “b+” rating in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Kellogg has a consensus rating of “Hold” and a consensus target price of $77.82.
In other news, Director John T. Dillon sold 4,900 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $71.87, for a total value of $352,163.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James M. Jenness sold 70,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.06, for a total transaction of $4,974,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,900 shares of company stock worth $7,178,363. 1.30% of the stock is currently owned by corporate insiders.
Kellogg Company Profile
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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