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Kellogg Company (NYSE:K) major shareholder Kellogg W. K. Foundation Trust unloaded 109,400 shares of the stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $64.00, for a total transaction of $7,001,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Kellogg Company (NYSE:K) traded up 0.44% on Friday, hitting $64.28. The stock had a trading volume of 2,040,009 shares. Kellogg Company has a one year low of $55.69 and a one year high of $69.50. The stock’s 50-day moving average is $64.69 and its 200-day moving average is $64.22. The company has a market cap of $23.149 billion and a P/E ratio of 12.61.

Kellogg Company (NYSE:K) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.01. The company had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. Analysts expect that Kellogg Company will post $3.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Thursday, August 28th. This is a boost from Kellogg Company’s previous quarterly dividend of $0.46.

A number of research firms have recently commented on K. Analysts at Nomura cut their price target on shares of Kellogg Company from $71.00 to $69.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Kellogg Company in a research note on Friday, August 1st. They now have a $63.00 price target on the stock. Finally, analysts at Goldman Sachs downgraded shares of Kellogg Company from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 15th. They now have a $59.00 price target on the stock, down previously from $64.00. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $62.90.

Kellogg Company (NYSE:K) is engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods.

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