J.W. Cole Advisors Inc. Makes New Investment in Kellogg (NYSE:K)

J.W. Cole Advisors Inc. purchased a new position in shares of Kellogg (NYSE:KGet Rating) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33,639 shares of the company’s stock, valued at approximately $93,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Kellogg by 108.9% during the 1st quarter. Allworth Financial LP now owns 397 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Kellogg during the 1st quarter worth approximately $29,000. Capital Advisors Ltd. LLC raised its stake in shares of Kellogg by 410.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 577 shares of the company’s stock worth $37,000 after purchasing an additional 464 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Kellogg during the 1st quarter worth approximately $39,000. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new stake in shares of Kellogg during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 84.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on K shares. Credit Suisse Group upped their price objective on Kellogg to $72.00 in a research note on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on Kellogg from $74.00 to $72.00 and set a “hold” rating on the stock in a research note on Wednesday, June 22nd. Citigroup upped their price objective on Kellogg from $83.00 to $87.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Morgan Stanley increased their price target on Kellogg from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 14th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $67.00 price target (up previously from $64.00) on shares of Kellogg in a research note on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Kellogg has a consensus rating of “Hold” and a consensus target price of $71.20.

Kellogg Stock Up 1.0 %

K stock opened at $73.61 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.70 and a quick ratio of 0.43. The stock has a market capitalization of $25.04 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 4.23 and a beta of 0.43. The business’s fifty day moving average price is $73.42 and its two-hundred day moving average price is $69.91. Kellogg has a fifty-two week low of $59.54 and a fifty-two week high of $76.99.

Kellogg (NYSE:KGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.13. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.64 billion. Kellogg had a return on equity of 33.77% and a net margin of 10.21%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. On average, equities analysts anticipate that Kellogg will post 4.12 earnings per share for the current year.

Kellogg Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a dividend of $0.59 per share. This is a boost from Kellogg’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $2.36 annualized dividend and a yield of 3.21%. Kellogg’s dividend payout ratio (DPR) is presently 54.50%.

Insiders Place Their Bets

In other news, VP Kurt D. Forche sold 7,425 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $75.52, for a total transaction of $560,736.00. Following the sale, the vice president now directly owns 5,881 shares of the company’s stock, valued at approximately $444,133.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Kurt D. Forche sold 7,425 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $75.52, for a total transaction of $560,736.00. Following the sale, the vice president now directly owns 5,881 shares of the company’s stock, valued at approximately $444,133.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Amit Banati sold 34,007 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $75.06, for a total value of $2,552,565.42. Following the sale, the chief financial officer now directly owns 59,732 shares in the company, valued at $4,483,483.92. The disclosure for this sale can be found here. Insiders have sold 996,199 shares of company stock worth $73,257,333 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Kellogg Company Profile

(Get Rating)

Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, 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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