Kellogg Company (K) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department trimmed its position in Kellogg Company (NYSE:K) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 123,980 shares of the company’s stock after selling 104 shares during the quarter. State of Tennessee Treasury Department’s holdings in Kellogg were worth $8,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its stake in shares of Kellogg by 6.0% during the second quarter. Oppenheimer & Co. Inc. now owns 8,126 shares of the company’s stock valued at $564,000 after buying an additional 458 shares during the last quarter. Nuance Investments LLC boosted its holdings in shares of Kellogg by 14.3% in the second quarter. Nuance Investments LLC now owns 42,378 shares of the company’s stock valued at $2,944,000 after purchasing an additional 5,301 shares during the period. Swiss National Bank boosted its holdings in shares of Kellogg by 2.1% in the second quarter. Swiss National Bank now owns 1,558,289 shares of the company’s stock valued at $108,239,000 after purchasing an additional 32,600 shares during the period. Pacad Investment Ltd. boosted its holdings in shares of Kellogg by 9,799.0% in the second quarter. Pacad Investment Ltd. now owns 9,899 shares of the company’s stock valued at $688,000 after purchasing an additional 9,799 shares during the period. Finally, Cim Investment Mangement Inc. purchased a new stake in shares of Kellogg in the second quarter valued at approximately $563,000. 85.40% of the stock is currently owned by institutional investors.

Shares of Kellogg Company (NYSE:K) opened at 63.36 on Friday. Kellogg Company has a 12 month low of $63.11 and a 12 month high of $78.40. The firm has a market capitalization of $21.87 billion, a P/E ratio of 28.68 and a beta of 0.49. The firm’s 50-day moving average price is $68.36 and its 200 day moving average price is $70.41.

Kellogg (NYSE:K) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Kellogg had a net margin of 6.12% and a return on equity of 70.22%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the firm posted $0.91 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts anticipate that Kellogg Company will post $3.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.54 dividend. This is an increase from Kellogg’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Wednesday, August 30th. Kellogg’s dividend payout ratio (DPR) is presently 97.74%.

A number of brokerages recently issued reports on K. Susquehanna Bancshares Inc set a $78.00 price target on Kellogg and gave the company a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded Kellogg from a “sell” rating to a “hold” rating in a report on Monday, June 12th. Sanford C. Bernstein set a $62.00 target price on Kellogg and gave the stock a “sell” rating in a report on Tuesday, June 27th. BidaskClub lowered Kellogg from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Finally, BMO Capital Markets decreased their price objective on Kellogg from $85.00 to $78.00 and set a “market perform” rating for the company in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Kellogg currently has an average rating of “Hold” and a consensus target price of $74.50.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by BBNS and is the sole property of of BBNS. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://baseballnewssource.com/markets/state-of-tennessee-treasury-department-cuts-holdings-in-kellogg-company-k/1600514.html.

About Kellogg

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.

Institutional Ownership by Quarter for Kellogg (NYSE:K)

Receive News & Ratings for Kellogg Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kellogg Company and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.