Creative Planning Boosts Stake in Kellogg (K)

Creative Planning raised its stake in Kellogg (NYSE:K) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,255 shares of the company’s stock after acquiring an additional 1,571 shares during the quarter. Creative Planning’s holdings in Kellogg were worth $1,269,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of K. Highwater Wealth Management LLC acquired a new stake in Kellogg during the 4th quarter valued at approximately $70,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Kellogg during the 3rd quarter valued at approximately $101,000. Cavalier Investments LLC acquired a new stake in Kellogg during the 4th quarter valued at approximately $84,000. Financial Architects Inc acquired a new stake in Kellogg during the 3rd quarter valued at approximately $111,000. Finally, Captrust Financial Advisors increased its position in Kellogg by 216.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,585 shares of the company’s stock valued at $111,000 after purchasing an additional 1,084 shares during the period. 86.55% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $57.69, for a total value of $5,769,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Steven A. Cahillane bought 17,825 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was purchased at an average price of $61.63 per share, for a total transaction of $1,098,554.75. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 580,000 shares of company stock worth $34,626,200. 1.40% of the stock is owned by company insiders.



Kellogg stock opened at $55.36 on Monday. The company has a market cap of $19.21 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.15 and a beta of 0.58. Kellogg has a 52-week low of $54.82 and a 52-week high of $74.98. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 2.60.

Kellogg (NYSE:K) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. Kellogg had a return on equity of 47.10% and a net margin of 9.86%. The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the prior year, the business earned $0.96 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Kellogg will post 4.06 EPS for the current year.

A number of research firms have weighed in on K. TheStreet downgraded shares of Kellogg from a “b-” rating to a “c” rating in a research report on Thursday. Credit Suisse Group decreased their target price on shares of Kellogg from $75.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, November 1st. ValuEngine cut Kellogg from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Citigroup cut their price target on Kellogg from $87.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, November 1st. Finally, Piper Jaffray Companies set a $69.00 price target on Kellogg and gave the stock a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Kellogg has a consensus rating of “Hold” and a consensus price target of $65.15.

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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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