TCW Group Inc. Has $1.25 Million Position in Kellogg Company (K)

TCW Group Inc. cut its stake in Kellogg Company (NYSE:K) by 52.1% during the first quarter, Holdings Channel reports. The firm owned 17,156 shares of the company’s stock after selling 18,650 shares during the period. TCW Group Inc.’s holdings in Kellogg Company were worth $1,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of K. Independent Advisor Alliance bought a new position in Kellogg Company during the fourth quarter valued at about $116,000. Exane Derivatives boosted its position in Kellogg Company by 312.5% in the first quarter. Exane Derivatives now owns 1,852 shares of the company’s stock valued at $134,000 after buying an additional 1,403 shares during the period. Security National Trust Co. boosted its position in Kellogg Company by 7.2% in the first quarter. Security National Trust Co. now owns 2,066 shares of the company’s stock valued at $150,000 after buying an additional 139 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Kellogg Company by 1.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,218 shares of the company’s stock valued at $161,000 after buying an additional 31 shares during the period. Finally, Enterprise Financial Services Corp boosted its position in Kellogg Company by 6.8% in the first quarter. Enterprise Financial Services Corp now owns 2,352 shares of the company’s stock valued at $170,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 83.70% of the company’s stock.

Institutional Ownership by Quarter for Kellogg Company (NYSE:K)

Kellogg Company (K) traded down 0.14% during mid-day trading on Tuesday, reaching $71.66. 451,444 shares of the company traded hands. The firm has a market cap of $25.10 billion, a PE ratio of 32.43 and a beta of 0.49. Kellogg Company has a one year low of $68.67 and a one year high of $87.16. The stock’s 50-day moving average price is $71.68 and its 200-day moving average price is $72.80.

Kellogg Company (NYSE:K) last issued its quarterly earnings results on Thursday, May 4th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.01 by $0.05. Kellogg Company had a net margin of 6.07% and a return on equity of 67.99%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the company earned $0.97 EPS. Kellogg Company’s revenue was down 4.2% on a year-over-year basis. Analysts forecast that Kellogg Company will post $3.92 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Tuesday, May 30th. Kellogg Company’s dividend payout ratio is 94.55%.

ILLEGAL ACTIVITY WARNING: “TCW Group Inc. Has $1.25 Million Position in Kellogg Company (K)” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2655645/tcw-group-inc-has-1-25-million-position-in-kellogg-company-k.html.

Several research analysts have recently issued reports on the stock. Susquehanna Bancshares Inc set a $78.00 price objective on shares of Kellogg Company and gave the company a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Kellogg Company from a “sell” rating to a “hold” rating in a report on Monday, June 12th. Piper Jaffray Companies assumed coverage on shares of Kellogg Company in a report on Wednesday, May 24th. They issued an “overweight” rating and a $78.00 price objective for the company. Credit Suisse Group decreased their price objective on shares of Kellogg Company from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, May 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of Kellogg Company from $84.00 to $81.00 and set a “sector perform” rating for the company in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $81.33.

In related news, Director James M. Jenness sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $71.06, for a total transaction of $4,974,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John T. Dillon sold 4,900 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $71.87, for a total transaction of $352,163.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,900 shares of company stock valued at $7,178,363. 1.30% of the stock is owned by corporate insiders.

About Kellogg Company

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “K”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding K? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kellogg Company (NYSE:K).

Receive News & Ratings for Kellogg Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kellogg Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Blue Apron Filed Thursday for Public Offering
Blue Apron Filed Thursday for Public Offering
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Large Auto Lender Checked Just 8% of Incomes for Applicants
Large Auto Lender Checked Just 8% of Incomes for Applicants


Leave a Reply

© 2006-2017 Ticker Report. Google+.