Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $63.09, for a total transaction of $6,309,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, August 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $63.22, for a total transaction of $6,322,000.00.
  • On Monday, August 12th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $61.51, for a total transaction of $6,151,000.00.
  • On Monday, July 22nd, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $56.28, for a total transaction of $5,628,000.00.
  • On Wednesday, July 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The stock was sold at an average price of $54.98, for a total value of $5,498,000.00.
  • On Thursday, June 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $54.95, for a total value of $5,495,000.00.

Shares of K stock traded down $1.30 during trading on Tuesday, hitting $62.87. The company had a trading volume of 245,436 shares, compared to its average volume of 2,175,334. The company has a quick ratio of 0.46, a current ratio of 0.70 and a debt-to-equity ratio of 2.67. The stock’s 50-day moving average is $62.06 and its two-hundred day moving average is $57.66. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 3.68 and a beta of 0.54. Kellogg has a 52 week low of $51.34 and a 52 week high of $74.98.

Kellogg (NYSE:K) last announced its earnings results on Thursday, August 1st. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.08. Kellogg had a net margin of 6.28% and a return on equity of 41.91%. The business had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.41 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Kellogg’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts predict that Kellogg will post 3.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Kellogg’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 3.63%. Kellogg’s payout ratio is 52.66%.

K has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Kellogg from a “hold” rating to a “sell” rating and set a $67.00 target price for the company. in a report on Friday, August 2nd. TheStreet upgraded Kellogg from a “c+” rating to a “b-” rating in a research report on Monday, August 12th. ValuEngine raised shares of Kellogg from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. GMP Securities restated a “buy” rating on shares of Kellogg in a research report on Thursday, July 11th. Finally, Consumer Edge cut shares of Kellogg from an “equal weight” rating to an “underweight” rating and set a $49.00 price objective for the company. in a research note on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.94.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in K. Dimensional Fund Advisors LP boosted its position in Kellogg by 27.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,433,186 shares of the company’s stock valued at $81,709,000 after buying an additional 311,940 shares during the period. Geode Capital Management LLC boosted its stake in shares of Kellogg by 11.6% in the 4th quarter. Geode Capital Management LLC now owns 3,517,033 shares of the company’s stock valued at $200,178,000 after buying an additional 364,719 shares during the period. Stephens Inc. AR boosted its stake in shares of Kellogg by 6.5% in the 1st quarter. Stephens Inc. AR now owns 11,561 shares of the company’s stock valued at $663,000 after buying an additional 706 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Kellogg by 5.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 21,243 shares of the company’s stock valued at $1,219,000 after acquiring an additional 1,040 shares during the period. Finally, First Allied Advisory Services Inc. boosted its holdings in shares of Kellogg by 31.6% in the first quarter. First Allied Advisory Services Inc. now owns 9,835 shares of the company’s stock valued at $571,000 after acquiring an additional 2,360 shares during the period. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Kellogg Company Profile

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

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