FDO Partners LLC acquired a new position in shares of Kellogg Company (NYSE:K) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,330 shares of the company’s stock, valued at approximately $1,476,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cigna Investments Inc. New purchased a new position in shares of Kellogg Company during the fourth quarter worth approximately $680,000. Zurich Insurance Group Ltd FI increased its position in shares of Kellogg Company by 1.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 19,853 shares of the company’s stock worth $1,463,000 after buying an additional 223 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Kellogg Company by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 566,544 shares of the company’s stock worth $41,761,000 after buying an additional 18,532 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of Kellogg Company by 2.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 875,643 shares of the company’s stock worth $64,543,000 after buying an additional 18,768 shares during the period. Finally, Toronto Dominion Bank increased its position in shares of Kellogg Company by 28.8% in the first quarter. Toronto Dominion Bank now owns 108,255 shares of the company’s stock worth $7,866,000 after buying an additional 24,223 shares during the period. 83.70% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Kellogg Company (NYSE:K)

Shares of Kellogg Company (NYSE K) traded down 1.67% during mid-day trading on Friday, reaching $71.88. 3,595,785 shares of the company’s stock traded hands. The firm has a 50-day moving average of $71.66 and a 200 day moving average of $72.80. Kellogg Company has a 12-month low of $68.67 and a 12-month high of $87.16. The company has a market cap of $25.18 billion, a P/E ratio of 32.52 and a beta of 0.49.

Kellogg Company (NYSE:K) last posted its quarterly earnings results on Thursday, May 4th. The company reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.28 billion. Kellogg Company had a net margin of 6.07% and a return on equity of 67.99%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Equities analysts forecast that Kellogg Company will post $3.92 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, May 30th. This represents a $2.08 annualized dividend and a yield of 2.89%. Kellogg Company’s payout ratio is currently 94.55%.

ILLEGAL ACTIVITY WARNING: “FDO Partners LLC Takes Position in Kellogg Company (K)” was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/fdo-partners-llc-takes-position-in-kellogg-company-k/1372448.html.

K has been the subject of a number of analyst reports. Sanford C. Bernstein downgraded shares of Kellogg Company from a “market perform” rating to an “underperform” rating in a research report on Tuesday, March 21st. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $80.00 target price (down previously from $82.00) on shares of Kellogg Company in a report on Tuesday, April 25th. Credit Suisse Group reduced their target price on shares of Kellogg Company from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Kellogg Company from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Finally, Piper Jaffray Companies started coverage on shares of Kellogg Company in a report on Wednesday, May 24th. They set an “overweight” rating and a $78.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. Kellogg Company presently has a consensus rating of “Hold” and a consensus target price of $81.33.

In other Kellogg Company news, major shareholder Kellogg W. K. Foundation Trust sold 25,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $74.08, for a total transaction of $1,852,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Dillon sold 4,900 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $71.87, for a total transaction of $352,163.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,900 shares of company stock valued at $7,178,363. 1.30% of the stock is owned by company insiders.

About Kellogg Company

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.

Want to see what other hedge funds are holding K? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kellogg Company (NYSE:K).

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