IFM Investors Pty Ltd boosted its position in Kellogg (NYSE:K) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,647 shares of the company’s stock after acquiring an additional 2,593 shares during the quarter. IFM Investors Pty Ltd’s holdings in Kellogg were worth $1,013,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in K. Acima Private Wealth LLC bought a new position in Kellogg in the fourth quarter valued at approximately $25,000. Bruderman Asset Management LLC grew its stake in shares of Kellogg by 275.0% during the fourth quarter. Bruderman Asset Management LLC now owns 435 shares of the company’s stock worth $25,000 after buying an additional 319 shares during the last quarter. Murphy Pohlad Asset Management LLC bought a new stake in shares of Kellogg during the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund grew its stake in shares of Kellogg by 5,672.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,568,573 shares of the company’s stock worth $28,000 after buying an additional 1,541,399 shares during the last quarter. Finally, ERTS Wealth Advisors LLC bought a new stake in shares of Kellogg during the fourth quarter worth $34,000. 86.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kellogg stock opened at $58.36 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.40 and a debt-to-equity ratio of 2.60. Kellogg has a twelve month low of $53.14 and a twelve month high of $74.98. 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.

Kellogg (NYSE:K) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.03. Kellogg had a net margin of 9.86% and a return on equity of 47.10%. The company had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Kellogg’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Kellogg will post 3.93 earnings per share for the current fiscal year.

In related news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $57.84, for a total value of $5,784,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 600,000 shares of company stock worth $33,672,000. 0.09% of the stock is currently owned by insiders.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Kellogg from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Piper Jaffray Companies decreased their target price on shares of Kellogg from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Credit Suisse Group set a $54.00 target price on shares of Kellogg and gave the stock a “hold” rating in a research note on Saturday, February 9th. BMO Capital Markets decreased their target price on shares of Kellogg to $62.00 and set a “market perform” rating on the stock in a research note on Friday, February 8th. Finally, Deutsche Bank set a $60.00 target price on shares of Kellogg and gave the stock a “hold” rating in a research note on Friday, February 8th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $63.04.

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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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