Kellogg (NYSE:K) Shares Purchased by Intellectus Partners LLC

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Intellectus Partners LLC lifted its position in Kellogg (NYSE:K) by 3.5% in the third quarter, Holdings Channel reports. The firm owned 9,722 shares of the company’s stock after acquiring an additional 330 shares during the period. Intellectus Partners LLC’s holdings in Kellogg were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of K. Alpha Windward LLC increased its stake in Kellogg by 7.1% in the 2nd quarter. Alpha Windward LLC now owns 2,799 shares of the company’s stock valued at $164,000 after purchasing an additional 185 shares in the last quarter. 6 Meridian boosted its holdings in Kellogg by 2.7% in the second quarter. 6 Meridian now owns 8,305 shares of the company’s stock valued at $445,000 after acquiring an additional 217 shares during the last quarter. Independent Advisor Alliance boosted its holdings in Kellogg by 2.3% in the second quarter. Independent Advisor Alliance now owns 9,785 shares of the company’s stock valued at $524,000 after acquiring an additional 223 shares during the last quarter. AGF Investments LLC boosted its holdings in Kellogg by 39.4% in the second quarter. AGF Investments LLC now owns 828 shares of the company’s stock valued at $44,000 after acquiring an additional 234 shares during the last quarter. Finally, World Asset Management Inc boosted its holdings in Kellogg by 1.4% in the second quarter. World Asset Management Inc now owns 17,892 shares of the company’s stock valued at $958,000 after acquiring an additional 242 shares during the last quarter. 88.40% of the stock is owned by institutional investors.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $61.51, for a total transaction of $6,151,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 600,000 shares of company stock valued at $37,037,000 in the last quarter. Insiders own 0.09% of the company’s stock.

K has been the topic of a number of analyst reports. Credit Suisse Group set a $60.00 target price on Kellogg and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Canaccord Genuity reissued an “average” rating on shares of Kellogg in a report on Tuesday, June 25th. GMP Securities reaffirmed a “buy” rating on shares of Kellogg in a report on Thursday, July 11th. TheStreet raised Kellogg from a “c+” rating to a “b-” rating in a report on Monday, August 12th. Finally, Buckingham Research boosted their price objective on Kellogg from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.33.

Shares of NYSE:K opened at $62.13 on Friday. Kellogg has a one year low of $51.34 and a one year high of $72.98. The stock has a fifty day moving average of $63.30 and a 200-day moving average of $58.90. The company has a market capitalization of $21.15 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 4.59 and a beta of 0.53. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.46 and a current ratio of 0.70.

Kellogg (NYSE:K) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. Kellogg had a return on equity of 41.91% and a net margin of 6.28%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.41 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that Kellogg will post 3.87 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Friday, August 30th. This is an increase from Kellogg’s previous quarterly dividend of $0.56. Kellogg’s dividend payout ratio is 52.66%.

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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