Dimensional Fund Advisors LP boosted its position in Kellogg Co. (NYSE:K) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 506,072 shares of the company’s stock after buying an additional 2,512 shares during the period. Dimensional Fund Advisors LP owned approximately 0.15% of Kellogg worth $41,307,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. NN Investment Partners Holdings N.V. bought a new stake in shares of Kellogg during the first quarter worth $115,000. Mark Sheptoff Financial Planning LLC increased its stake in shares of Kellogg by 1,320.0% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,420 shares of the company’s stock worth $116,000 after buying an additional 1,320 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Kellogg by 300.6% in the second quarter. Global X Management Co. LLC now owns 1,851 shares of the company’s stock worth $151,000 after buying an additional 1,389 shares in the last quarter. Enterprise Financial Services Corp increased its stake in shares of Kellogg by 415.9% in the second quarter. Enterprise Financial Services Corp now owns 2,461 shares of the company’s stock worth $201,000 after buying an additional 1,984 shares in the last quarter. Finally, Green Square Capital LLC bought a new stake in shares of Kellogg during the second quarter worth $202,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Kellogg Co. (NYSE:K) opened at 75.49 on Friday. Kellogg Co. has a one year low of $64.65 and a one year high of $87.16. The company has a market cap of $26.44 billion, a PE ratio of 43.19 and a beta of 0.47. The stock’s 50 day moving average is $78.40 and its 200-day moving average is $78.71.
Kellogg (NYSE:K) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. Kellogg had a return on equity of 56.33% and a net margin of 4.71%. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts expect that Kellogg Co. will post $0.11 earnings per share for the current year.
K has been the topic of a number of recent analyst reports. Citigroup Inc. lowered their target price on shares of Kellogg from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 5th. Argus reaffirmed a “hold” rating on shares of Kellogg in a research note on Friday, August 5th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Kellogg in a research note on Saturday, August 6th. Susquehanna reissued a “hold” rating on shares of Kellogg in a research note on Wednesday, August 3rd. Finally, Morgan Stanley reissued a “hold” rating and set a $79.00 price target on shares of Kellogg in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $81.65.
In related news, insider Maria Fernanda Mejia sold 35,175 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $83.01, for a total transaction of $2,919,876.75. Following the sale, the insider now owns 35,111 shares of the company’s stock, valued at $2,914,564.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ronald L. Dissinger sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $83.71, for a total value of $502,260.00. The disclosure for this sale can be found here. Insiders own 8.80% of the company’s stock.
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s products include cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. Its segments include U.S. Morning Foods; U.S. Snacks; U.S.
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