Cwm LLC increased its position in Kellogg (NYSE:K) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 420,229 shares of the company’s stock after buying an additional 7,146 shares during the period. Cwm LLC’s holdings in Kellogg were worth $24,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. JOYN Advisors Inc. lifted its position in shares of Kellogg by 38.9% during the 4th quarter. JOYN Advisors Inc. now owns 660 shares of the company’s stock worth $38,000 after buying an additional 185 shares in the last quarter. Sun Life Financial INC raised its holdings in shares of Kellogg by 0.9% in the 4th quarter. Sun Life Financial INC now owns 21,889 shares of the company’s stock worth $1,249,000 after purchasing an additional 199 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Kellogg by 0.6% in the 4th quarter. Moody National Bank Trust Division now owns 34,785 shares of the company’s stock worth $1,983,000 after purchasing an additional 215 shares during the period. Northside Capital Management LLC raised its holdings in shares of Kellogg by 3.0% in the 4th quarter. Northside Capital Management LLC now owns 8,205 shares of the company’s stock worth $468,000 after purchasing an additional 241 shares during the period. Finally, Bell Rock Capital LLC raised its holdings in shares of Kellogg by 13.0% in the 1st quarter. Bell Rock Capital LLC now owns 2,161 shares of the company’s stock worth $125,000 after purchasing an additional 249 shares during the period. Institutional investors own 86.75% of the company’s stock.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the business’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $58.53, for a total transaction of $5,853,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 700,000 shares of company stock valued at $39,508,000 over the last 90 days. Company insiders own 0.09% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Kellogg from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Piper Jaffray Companies lowered their target price on shares of Kellogg from $69.00 to $64.00 and set an “overweight” rating on the stock in a report on Friday, April 5th. Morgan Stanley set a $56.00 target price on shares of Kellogg and gave the company a “hold” rating in a report on Tuesday, April 2nd. Credit Suisse Group set a $54.00 target price on shares of Kellogg and gave the company a “hold” rating in a report on Saturday, February 9th. Finally, TheStreet cut shares of Kellogg from a “b-” rating to a “c” rating in a report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $63.04.

Shares of K traded down $0.09 during mid-day trading on Monday, reaching $58.36. 1,731,293 shares of the stock traded hands, compared to its average volume of 2,701,977. The firm has a market capitalization of $20.10 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 3.30 and a beta of 0.54. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.70 and a quick ratio of 0.40. Kellogg has a 1 year low of $53.14 and a 1 year high of $74.98.

Kellogg (NYSE:K) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.31 billion. Kellogg had a net margin of 9.86% and a return on equity of 47.10%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, analysts expect that Kellogg will post 3.93 earnings per share for the current year.

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About Kellogg

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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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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