Banco de Sabadell S.A Purchases Shares of 3,800 Kellogg (K)

Banco de Sabadell S.A purchased a new stake in Kellogg (NYSE:K) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,800 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sun Life Financial INC raised its position in shares of Kellogg by 73.4% during the fourth quarter. Sun Life Financial INC now owns 23,795 shares of the company’s stock worth $1,617,000 after purchasing an additional 10,069 shares during the period. Paloma Partners Management Co raised its position in shares of Kellogg by 16.9% during the fourth quarter. Paloma Partners Management Co now owns 30,970 shares of the company’s stock worth $2,106,000 after purchasing an additional 4,473 shares during the period. Flippin Bruce & Porter Inc. purchased a new stake in Kellogg in the 4th quarter valued at $3,647,000. State of Tennessee Treasury Department raised its position in Kellogg by 76.5% in the 4th quarter. State of Tennessee Treasury Department now owns 119,348 shares of the company’s stock valued at $8,113,000 after buying an additional 51,735 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in Kellogg by 21.9% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 6,305 shares of the company’s stock valued at $429,000 after buying an additional 1,134 shares during the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

A number of equities research analysts recently commented on the company. Bank of America increased their price target on Kellogg from $66.00 to $69.00 and gave the company an “underperform” rating in a research report on Friday, February 9th. Citigroup lowered their price target on Kellogg from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Zacks Investment Research lowered Kellogg from a “buy” rating to a “hold” rating in a research report on Monday, March 19th. Morgan Stanley increased their price target on Kellogg from $69.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, Barclays reissued a “sell” rating and issued a $69.00 price target on shares of Kellogg in a research report on Sunday, February 11th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Kellogg has an average rating of “Hold” and an average target price of $73.88.

Kellogg stock opened at $62.95 on Friday. The stock has a market capitalization of $21,910.10, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.95 and a beta of 0.48. The company has a debt-to-equity ratio of 3.52, a current ratio of 0.68 and a quick ratio of 0.41. Kellogg has a 12 month low of $58.76 and a 12 month high of $74.28.

Kellogg (NYSE:K) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.10 billion. Kellogg had a return on equity of 70.35% and a net margin of 9.82%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. equities research analysts expect that Kellogg will post 4.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $2.16 annualized dividend and a dividend yield of 3.43%. Kellogg’s payout ratio is 59.67%.

Kellogg declared that its board has authorized a stock repurchase program on Friday, December 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In other news, insider Amit Banati sold 2,767 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $67.97, for a total transaction of $188,072.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 205,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $69.47, for a total value of $14,241,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 623,763 shares of company stock valued at $42,787,777 in the last quarter. 1.40% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Banco de Sabadell S.A Purchases Shares of 3,800 Kellogg (K)” was first published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3298226/banco-de-sabadell-s-a-purchases-shares-of-3800-kellogg-k.html.

About Kellogg

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.

Institutional Ownership by Quarter for Kellogg (NYSE:K)

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

Latest News

Golfcoin Trading 36.9% Higher  This Week
Golfcoin Trading 36.9% Higher This Week
Reviewing Ahold Delhaize  and Weis Markets
Reviewing Ahold Delhaize and Weis Markets
Head to Head Contrast: Century Communities  and Its Rivals
Head to Head Contrast: Century Communities and Its Rivals
Financial Comparison: Fomento Economico Mexicano SAB  vs. Embotelladora Andina
Financial Comparison: Fomento Economico Mexicano SAB vs. Embotelladora Andina
Ooma Inc  Receives $14.00 Consensus PT from Brokerages
Ooma Inc Receives $14.00 Consensus PT from Brokerages
Monolithic Power Systems, Inc.  Receives $129.25 Consensus PT from Brokerages
Monolithic Power Systems, Inc. Receives $129.25 Consensus PT from Brokerages


© 2006-2018 Ticker Report. Google+.