Kellogg’s (K) Major Shareholder Sells $10,739,750.00 in Stock

Kellogg’s (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 175,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $61.37, for a total transaction of $10,739,750.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, April 16th, Kellogg W. K. Foundation Trust sold 200,000 shares of Kellogg’s stock. The stock was sold at an average price of $63.57, for a total transaction of $12,714,000.00.
  • On Thursday, March 8th, Kellogg W. K. Foundation Trust sold 205,000 shares of Kellogg’s stock. The stock was sold at an average price of $69.47, for a total transaction of $14,241,350.00.
  • On Tuesday, February 27th, Kellogg W. K. Foundation Trust sold 50,254 shares of Kellogg’s stock. The stock was sold at an average price of $68.35, for a total transaction of $3,434,860.90.

NYSE:K opened at $60.19 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.47 and a current ratio of 0.74. Kellogg’s has a 52 week low of $56.40 and a 52 week high of $74.28. The firm has a market capitalization of $21.33 billion, a PE ratio of 14.90, a PEG ratio of 1.88 and a beta of 0.47.



Kellogg’s (NYSE:K) last released its earnings results on Thursday, May 3rd. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.11. Kellogg’s had a net margin of 11.10% and a return on equity of 67.81%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the previous year, the company earned $1.06 EPS. Kellogg’s’s quarterly revenue was up 4.7% compared to the same quarter last year. equities research analysts forecast that Kellogg’s will post 4.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.59%. Kellogg’s’s payout ratio is presently 53.47%.

Several institutional investors have recently added to or reduced their stakes in K. American International Group Inc. lifted its position in shares of Kellogg’s by 6,576.3% during the 4th quarter. American International Group Inc. now owns 7,475,250 shares of the company’s stock valued at $508,167,000 after acquiring an additional 7,363,283 shares during the period. BlackRock Inc. lifted its position in shares of Kellogg’s by 16.1% during the 4th quarter. BlackRock Inc. now owns 24,688,888 shares of the company’s stock valued at $1,678,353,000 after acquiring an additional 3,421,334 shares during the period. LSV Asset Management acquired a new position in Kellogg’s during the fourth quarter worth $79,597,000. American Century Companies Inc. raised its holdings in Kellogg’s by 30.5% during the first quarter. American Century Companies Inc. now owns 4,221,683 shares of the company’s stock worth $274,452,000 after buying an additional 985,494 shares during the last quarter. Finally, Flossbach Von Storch AG acquired a new position in Kellogg’s during the fourth quarter worth $59,499,000. Institutional investors own 91.28% of the company’s stock.

A number of research firms have weighed in on K. Susquehanna Bancshares set a $65.00 target price on shares of Kellogg’s and gave the stock a “hold” rating in a report on Wednesday, May 9th. Wells Fargo reissued a “hold” rating and set a $60.00 target price (down from $66.00) on shares of Kellogg’s in a report on Monday, May 7th. They noted that the move was a valuation call. Credit Suisse Group set a $63.00 target price on shares of Kellogg’s and gave the stock a “hold” rating in a report on Saturday, May 5th. Morgan Stanley reduced their target price on shares of Kellogg’s from $65.00 to $63.00 and set an “equal weight” rating on the stock in a report on Friday, May 4th. Finally, Deutsche Bank reduced their target price on shares of Kellogg’s from $68.00 to $64.00 and set a “hold” rating on the stock in a report on Friday, May 4th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.53.

Kellogg’s 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.

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

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