Rothschild Asset Management Inc. Sells 1,518 Shares of Kellogg Company (K)

Rothschild Asset Management Inc. lowered its position in shares of Kellogg Company (NYSE:K) by 16.3% during the first quarter, Holdings Channel reports. The firm owned 7,802 shares of the company’s stock after selling 1,518 shares during the period. Rothschild Asset Management Inc.’s holdings in Kellogg Company were worth $567,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of K. Cigna Investments Inc. New purchased a new stake in shares of Kellogg Company during the fourth quarter worth $680,000. Zurich Insurance Group Ltd FI raised its stake in shares of Kellogg Company by 1.1% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 19,853 shares of the company’s stock worth $1,463,000 after buying an additional 223 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kellogg Company by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 566,544 shares of the company’s stock worth $41,761,000 after buying an additional 18,532 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Kellogg Company by 2.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 875,643 shares of the company’s stock worth $64,543,000 after buying an additional 18,768 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Kellogg Company by 28.8% in the first quarter. Toronto Dominion Bank now owns 108,255 shares of the company’s stock worth $7,866,000 after buying an additional 24,223 shares during the period. 83.70% of the stock is owned by institutional investors and hedge funds.

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

Kellogg Company (K) traded down 0.14% on Tuesday, hitting $71.66. The stock had a trading volume of 451,444 shares. The firm’s 50-day moving average is $71.68 and its 200-day moving average is $72.80. The company has a market cap of $25.10 billion, a P/E ratio of 32.43 and a beta of 0.49. Kellogg Company has a 52-week low of $68.67 and a 52-week high of $87.16.

Kellogg Company (NYSE:K) last announced its quarterly earnings data on Thursday, May 4th. The company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.05. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Kellogg Company had a return on equity of 67.99% and a net margin of 6.07%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.97 earnings per share. Equities research analysts anticipate that Kellogg Company will post $3.92 earnings per share for the current fiscal year.

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

ILLEGAL ACTIVITY NOTICE: “Rothschild Asset Management Inc. Sells 1,518 Shares of Kellogg Company (K)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/2655647/rothschild-asset-management-inc-sells-1518-shares-of-kellogg-company-k.html.

A number of equities research analysts have weighed in on K shares. Sanford C. Bernstein lowered Kellogg Company from a “market perform” rating to an “underperform” rating in a research report on Tuesday, March 21st. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $80.00 target price (down from $82.00) on shares of Kellogg Company in a research report on Tuesday, April 25th. Credit Suisse Group decreased their target price on Kellogg Company from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, May 5th. Zacks Investment Research lowered Kellogg Company from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Finally, Piper Jaffray Companies started coverage on Kellogg Company in a research report on Wednesday, May 24th. They set an “overweight” rating and a $78.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $81.33.

In other Kellogg Company news, Director James M. Jenness sold 70,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $71.06, for a total value of $4,974,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Dillon sold 4,900 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $71.87, for a total value of $352,163.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,900 shares of company stock worth $7,178,363. Insiders own 1.30% of the company’s stock.

Kellogg Company Company Profile

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
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.