Swiss National Bank Has $94.56 Million Stock Holdings in Kellogg (NYSE:K)

Swiss National Bank cut its holdings in Kellogg (NYSE:K) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,367,188 shares of the company’s stock after selling 28,000 shares during the quarter. Swiss National Bank’s holdings in Kellogg were worth $94,555,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quest Capital Management Inc. ADV acquired a new stake in shares of Kellogg in the third quarter valued at $26,000. Duncker Streett & Co. Inc. bought a new position in Kellogg in the fourth quarter valued at about $30,000. Signaturefd LLC boosted its holdings in Kellogg by 125.1% in the fourth quarter. Signaturefd LLC now owns 547 shares of the company’s stock valued at $38,000 after acquiring an additional 304 shares during the last quarter. Financial Architects Inc boosted its holdings in Kellogg by 40.0% in the third quarter. Financial Architects Inc now owns 700 shares of the company’s stock valued at $45,000 after acquiring an additional 200 shares during the last quarter. Finally, Allred Capital Management LLC bought a new position in Kellogg in the fourth quarter valued at about $45,000. Institutional investors own 86.91% of the company’s stock.

In other Kellogg news, CEO Steven A. Cahillane acquired 16,810 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $65.33 per share, for a total transaction of $1,098,197.30. Following the acquisition, the chief executive officer now directly owns 50,565 shares of the company’s stock, valued at approximately $3,303,411.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of Kellogg stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $63.98, for a total value of $6,398,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 600,000 shares of company stock worth $40,410,000. Company insiders own 0.09% of the company’s stock.

K traded up $0.72 during midday trading on Friday, reaching $67.86. 697,699 shares of the company were exchanged, compared to its average volume of 2,112,947. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.46 and a current ratio of 0.72. Kellogg has a one year low of $51.34 and a one year high of $71.05. The stock has a market capitalization of $22.89 billion, a P/E ratio of 24.24, a PEG ratio of 3.89 and a beta of 0.55. The stock’s 50-day simple moving average is $68.58 and its 200 day simple moving average is $64.92.

Kellogg (NYSE:K) last issued its earnings results on Thursday, February 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.05. Kellogg had a return on equity of 41.84% and a net margin of 7.07%. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Kellogg will post 3.82 earnings per share for the current year.

Several research firms recently issued reports on K. Deutsche Bank began coverage on Kellogg in a report on Wednesday, December 11th. They issued a “buy” rating and a $74.00 price target on the stock. Buckingham Research raised their price target on Kellogg from $71.00 to $78.00 and gave the company a “buy” rating in a report on Monday, January 13th. Credit Suisse Group upgraded Kellogg from a “neutral” rating to an “outperform” rating and raised their price target for the company from $60.00 to $78.00 in a report on Tuesday, January 7th. Royal Bank of Canada reiterated a “hold” rating and issued a $65.00 price target on shares of Kellogg in a report on Sunday, February 9th. Finally, Evercore ISI reiterated a “hold” rating and issued a $65.00 price target on shares of Kellogg in a report on Sunday, February 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Kellogg currently has a consensus rating of “Hold” and a consensus target price of $68.93.

Kellogg 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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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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