Kellogg W. K. Foundation Trust Sells 100,000 Shares of Kellogg (K) Stock

Kellogg (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $54.76, for a total value of $5,476,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, January 22nd, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $58.36, for a total value of $5,836,000.00.
  • On Thursday, January 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $58.24, for a total value of $5,824,000.00.
  • On Thursday, December 20th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $57.69, for a total value of $5,769,000.00.
  • On Monday, December 10th, Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock. The shares were sold at an average price of $59.94, for a total value of $5,994,000.00.
  • On Tuesday, November 20th, Kellogg W. K. Foundation Trust sold 180,000 shares of Kellogg stock. The shares were sold at an average price of $62.24, for a total value of $11,203,200.00.

K stock traded up $0.31 during midday trading on Monday, hitting $55.67. The stock had a trading volume of 5,795,081 shares, compared to its average volume of 2,677,977. The stock has a market cap of $19.21 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 2.21 and a beta of 0.58. Kellogg has a 52 week low of $54.14 and a 52 week high of $74.98. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.70 and a quick ratio of 0.40.



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

K has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Kellogg from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. BMO Capital Markets raised their price objective on shares of Kellogg to $70.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 14th. Guggenheim initiated coverage on shares of Kellogg in a research note on Tuesday, January 22nd. They issued a “neutral” rating and a $58.70 price objective on the stock. ValuEngine downgraded shares of Kellogg from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, UBS Group set a $65.00 price objective on shares of Kellogg and gave the stock a “hold” rating in a research note on Thursday, November 1st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Kellogg has a consensus rating of “Hold” and a consensus target price of $65.15.

Hedge funds have recently modified their holdings of the stock. Acima Private Wealth LLC bought a new position in shares of Kellogg during the fourth quarter valued at $25,000. Bruderman Asset Management LLC lifted its holdings in shares of Kellogg by 275.0% during the fourth quarter. Bruderman Asset Management LLC now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 319 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings 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 valued at $28,000 after acquiring an additional 1,541,399 shares during the period. Capital Investment Advisory Services LLC bought a new position in shares of Kellogg during the fourth quarter valued at $50,000. Finally, Highwater Wealth Management LLC bought a new position in shares of Kellogg during the fourth quarter valued at $70,000. 87.01% of the stock is owned by hedge funds and other institutional investors.

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

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