Kellogg (K) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its position in Kellogg (NYSE:K) by 40.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,658 shares of the company’s stock after acquiring an additional 18,660 shares during the quarter. Calamos Advisors LLC’s holdings in Kellogg were worth $4,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stonebridge Capital Management Inc. increased its stake in Kellogg by 3.8% in the second quarter. Stonebridge Capital Management Inc. now owns 21,000 shares of the company’s stock valued at $1,502,000 after acquiring an additional 775 shares during the last quarter. Kiley Juergens Wealth Management LLC increased its stake in Kellogg by 57.7% in the third quarter. Kiley Juergens Wealth Management LLC now owns 2,127 shares of the company’s stock valued at $148,000 after acquiring an additional 778 shares during the last quarter. Van Hulzen Asset Management LLC increased its stake in Kellogg by 1.1% in the second quarter. Van Hulzen Asset Management LLC now owns 76,058 shares of the company’s stock valued at $5,314,000 after acquiring an additional 814 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Kellogg by 2.0% in the second quarter. First Republic Investment Management Inc. now owns 44,755 shares of the company’s stock valued at $3,127,000 after acquiring an additional 893 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Kellogg by 1.1% in the third quarter. Nisa Investment Advisors LLC now owns 85,208 shares of the company’s stock valued at $5,966,000 after acquiring an additional 922 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:K opened at $69.16 on Friday. Kellogg has a 12-month low of $56.40 and a 12-month high of $74.98. The stock has a market cap of $24.47 billion, a PE ratio of 17.12, a P/E/G ratio of 2.08 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 2.57.



Kellogg (NYSE:K) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. Kellogg had a return on equity of 59.68% and a net margin of 13.33%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that Kellogg will post 4.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, November 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.24%. Kellogg’s dividend payout ratio (DPR) is currently 55.45%.

K has been the topic of a number of research analyst reports. Wells Fargo & Co reissued a “hold” rating and issued a $67.00 target price (up previously from $62.00) on shares of Kellogg in a research note on Sunday, August 5th. Piper Jaffray Companies set a $79.00 target price on Kellogg and gave the company a “buy” rating in a research note on Tuesday, October 16th. Zacks Investment Research raised Kellogg from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine raised Kellogg from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Credit Suisse Group raised their price objective on Kellogg from $71.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $72.71.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 205,000 shares of the stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $69.72, for a total transaction of $14,292,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Gary H. Pilnick sold 66,655 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $72.25, for a total transaction of $4,815,823.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 636,655 shares of company stock valued at $45,829,574. 1.40% of the stock is currently owned by company insiders.

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. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods.

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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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