Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its holdings in shares of Kellogg (NYSE:K) by 21.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,774 shares of the company’s stock after purchasing an additional 3,458 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Kellogg were worth $1,360,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in K. Moors & Cabot Inc. boosted its holdings in Kellogg by 3.2% in the third quarter. Moors & Cabot Inc. now owns 6,501 shares of the company’s stock worth $418,000 after acquiring an additional 200 shares in 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 worth $45,000 after acquiring an additional 200 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Kellogg by 16.6% in the third quarter. Capital Investment Advisory Services LLC now owns 1,418 shares of the company’s stock worth $91,000 after acquiring an additional 202 shares in the last quarter. Coastal Investment Advisors Inc. boosted its holdings in Kellogg by 46.4% in the third quarter. Coastal Investment Advisors Inc. now owns 824 shares of the company’s stock worth $53,000 after acquiring an additional 261 shares in the last quarter. Finally, First National Bank of Omaha boosted its holdings in Kellogg by 7.2% in the third quarter. First National Bank of Omaha now owns 4,088 shares of the company’s stock worth $263,000 after acquiring an additional 275 shares in the last quarter. Institutional investors own 86.96% of the company’s stock.
Shares of K stock traded up $0.14 during trading hours on Friday, reaching $70.88. The company had a trading volume of 1,846,595 shares, compared to its average volume of 1,632,113. Kellogg has a 12 month low of $51.34 and a 12 month high of $71.05. The company has a debt-to-equity ratio of 2.45, a current ratio of 0.80 and a quick ratio of 0.52. The business has a fifty day simple moving average of $67.76 and a 200-day simple moving average of $63.26. The company has a market cap of $24.18 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 2.90 and a beta of 0.53.
Several research analysts have issued reports on the company. Edward Jones upgraded Kellogg from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Zacks Investment Research lowered Kellogg from a “hold” rating to a “sell” rating and set a $73.00 price target on the stock. in a report on Friday, January 10th. Royal Bank of Canada assumed coverage on Kellogg in a report on Thursday, October 17th. They issued a “sector perform” rating and a $65.00 price target on the stock. BMO Capital Markets upgraded Kellogg from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $79.00 in a report on Thursday, January 9th. Finally, Buckingham Research raised their target price on Kellogg from $71.00 to $78.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $67.75.
In related news, SVP Alistair D. Hirst sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $63.88, for a total transaction of $159,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were 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 over the last ninety days. 0.09% of the stock is currently owned by company insiders.
Kellogg Company 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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