Investors bought shares of Kellogg Company (NYSE:K) on weakness during trading on Friday. $40.53 million flowed into the stock on the tick-up and $23.23 million flowed out of the stock on the tick-down, for a money net flow of $17.30 million into the stock. Of all stocks tracked, Kellogg had the 27th highest net in-flow for the day. Kellogg traded down ($0.74) for the day and closed at $66.53

K has been the subject of a number of research analyst reports. Buckingham Research decreased their price objective on shares of Kellogg from $79.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. Argus upgraded shares of Kellogg from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a report on Wednesday, November 22nd. Morgan Stanley decreased their price objective on shares of Kellogg from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, October 13th. Royal Bank Of Canada set a $81.00 price objective on shares of Kellogg and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $78.00 price objective on shares of Kellogg in a report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $71.15.

The company has a quick ratio of 0.43, a current ratio of 0.68 and a debt-to-equity ratio of 3.71. The company has a market capitalization of $23,537.05, a PE ratio of 17.03, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52.

Kellogg (NYSE:K) last issued its earnings results on Tuesday, October 31st. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.22 billion. Kellogg had a net margin of 6.15% and a return on equity of 73.92%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. analysts anticipate that Kellogg Company will post 4.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.16 dividend on an annualized basis and a yield of 3.25%. Kellogg’s dividend payout ratio is presently 96.43%.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 44,515 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $65.11, for a total value of $2,898,371.65. Following the completion of the transaction, the insider now directly owns 67,887,323 shares in the company, valued at $4,420,143,600.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donald R. Knauss sold 6,846 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $62.57, for a total transaction of $428,354.22. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $312,850. The disclosure for this sale can be found here. Insiders have sold 349,754 shares of company stock valued at $22,304,119 in the last quarter. Company insiders own 1.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. FTB Advisors Inc. boosted its position in shares of Kellogg by 0.5% in the second quarter. FTB Advisors Inc. now owns 3,648 shares of the company’s stock valued at $251,000 after acquiring an additional 17 shares during the period. Guyasuta Investment Advisors Inc. boosted its position in shares of Kellogg by 0.5% in the second quarter. Guyasuta Investment Advisors Inc. now owns 7,498 shares of the company’s stock valued at $521,000 after acquiring an additional 40 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Kellogg by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 3,411 shares of the company’s stock valued at $237,000 after acquiring an additional 48 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Kellogg by 2.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,930 shares of the company’s stock valued at $273,000 after acquiring an additional 86 shares during the period. Finally, King Luther Capital Management Corp boosted its position in shares of Kellogg by 2.7% in the second quarter. King Luther Capital Management Corp now owns 3,640 shares of the company’s stock valued at $253,000 after acquiring an additional 95 shares during the period. Institutional investors own 89.65% of the company’s stock.

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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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