Sage Capital Advisors llc decreased its holdings in shares of Kellogg (NYSE:K) by 73.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,538 shares of the company’s stock after selling 40,280 shares during the period. Sage Capital Advisors llc’s holdings in Kellogg were worth $1,005,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Voya Investment Management LLC grew its stake in Kellogg by 733.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,279,280 shares of the company’s stock worth $82,321,000 after buying an additional 1,125,723 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Kellogg in the second quarter worth about $54,543,000. State Street Corp raised its stake in shares of Kellogg by 5.9% during the third quarter. State Street Corp now owns 12,963,660 shares of the company’s stock worth $834,212,000 after buying an additional 725,882 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Kellogg by 31.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,978,156 shares of the company’s stock valued at $105,970,000 after acquiring an additional 472,686 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC bought a new stake in Kellogg in the third quarter valued at about $26,115,000. 86.96% of the stock is owned by institutional investors.
Shares of NYSE:K traded up $0.33 during midday trading on Thursday, hitting $70.60. The stock had a trading volume of 18,732 shares, compared to its average volume of 1,462,363. The company’s 50-day moving average price is $67.55 and its 200-day moving average price is $63.09. Kellogg has a fifty-two week low of $51.34 and a fifty-two week high of $70.63. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $23.88 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53.
Kellogg (NYSE:K) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.12. Kellogg had a return on equity of 42.47% and a net margin of 5.35%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the company posted $1.06 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts expect that Kellogg will post 3.88 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Edward Jones upgraded Kellogg from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Barclays downgraded shares of Kellogg to an “equal weight” rating in a research note on Tuesday, October 15th. Evercore ISI assumed coverage on Kellogg in a report on Thursday, October 24th. They set an “in-line” rating and a $67.00 price target for the company. Buckingham Research boosted their price target on Kellogg from $71.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Zacks Investment Research downgraded Kellogg from a “hold” rating to a “sell” rating and set a $73.00 price target on the stock. in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.75.
In other Kellogg news, SVP Maria Fernanda Mejia sold 2,136 shares of Kellogg stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $63.70, for a total transaction of $136,063.20. Following the transaction, the senior vice president now owns 25,721 shares of the company’s stock, valued at approximately $1,638,427.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $69.33, for a total value of $6,933,000.00. The disclosure for this sale can be found here. Insiders have sold 625,291 shares of company stock valued at $41,158,106 in the last ninety days. 0.09% of the stock is currently owned by insiders.
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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