Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of Kellogg Company (NYSE:K) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,207 shares of the company’s stock, valued at approximately $2,848,000.

Several other institutional investors have also recently added to or reduced their stakes in K. Capital Research Global Investors boosted its stake in shares of Kellogg by 54.7% during the 2nd quarter. Capital Research Global Investors now owns 24,031,728 shares of the company’s stock worth $1,669,244,000 after purchasing an additional 8,495,714 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Kellogg by 94.3% during the 2nd quarter. Lazard Asset Management LLC now owns 7,846,945 shares of the company’s stock worth $545,047,000 after purchasing an additional 3,807,425 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Kellogg by 2,619.1% in the second quarter. Janus Henderson Group PLC now owns 870,911 shares of the company’s stock worth $60,493,000 after acquiring an additional 838,882 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Kellogg by 36.7% in the third quarter. American Century Companies Inc. now owns 3,056,142 shares of the company’s stock worth $190,612,000 after acquiring an additional 820,277 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Kellogg by 81.3% in the second quarter. Schroder Investment Management Group now owns 1,563,641 shares of the company’s stock worth $107,406,000 after acquiring an additional 701,375 shares during the last quarter. 86.61% of the stock is currently owned by institutional investors.

In other news, Chairman John A. Bryant sold 190,000 shares of Kellogg stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $63.01, for a total transaction of $11,971,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Steven A. Cahillane acquired 15,930 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $62.70 per share, for a total transaction of $998,811.00. Following the purchase, the chief executive officer now directly owns 15,930 shares of the company’s stock, valued at $998,811. The disclosure for this purchase can be found here. Insiders have sold 223,438 shares of company stock worth $14,077,678 in the last quarter. Insiders own 1.30% of the company’s stock.

Kellogg Company (NYSE:K) opened at $63.76 on Tuesday. The firm has a market cap of $22,352.08, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.61 and a beta of 0.49. Kellogg Company has a 12-month low of $58.76 and a 12-month high of $76.69. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.43 and a current ratio of 0.68.

Kellogg (NYSE:K) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $3.27 billion for 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 business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. equities research analysts predict that Kellogg Company will post 4.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.39%. Kellogg’s dividend payout ratio is currently 96.43%.

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Several equities research analysts recently issued reports on the stock. UBS AG decreased their target price on shares of Kellogg from $72.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Buckingham Research decreased their target price on shares of Kellogg from $79.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Royal Bank Of Canada raised their target price on shares of Kellogg from $78.00 to $79.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $72.00 target price on shares of Kellogg and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Finally, Susquehanna Bancshares Inc set a $71.00 target price on shares of Kellogg and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $71.00.

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.

Institutional Ownership by Quarter for Kellogg (NYSE:K)

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