Institutional Investors Positive on Kellogg Co (NYSE:K)

April 25, 2018 - By Peter Erickson

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Sentiment for Kellogg Co (NYSE:K)

Kellogg Co (NYSE:K) institutional sentiment increased to 0.91 in 2017 Q4. Its up 0.05, from 0.86 in 2017Q3. The ratio improved, as 248 institutional investors increased and opened new holdings, while 272 sold and trimmed positions in Kellogg Co. The institutional investors in our partner’s database reported: 309.07 million shares, up from 307.00 million shares in 2017Q3. Also, the number of institutional investors holding Kellogg Co in their top 10 holdings increased from 5 to 6 for an increase of 1. Sold All: 60 Reduced: 212 Increased: 166 New Position: 82.

Kellogg Company manufactures and markets ready-to-eat cereal and convenience foods in the United States and internationally. The company has market cap of $21.13 billion. The firm operates through U.S. It has a 16.84 P/E ratio. Morning Foods, U.S.

The stock increased 0.81% or $0.49 during the last trading session, reaching $60.95. About 2.20 million shares traded. Kellogg Company (NYSE:K) has declined 11.27% since April 25, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

Analysts await Kellogg Company (NYSE:K) to report earnings on May, 3 before the open. They expect $1.07 earnings per share, up 0.94 % or $0.01 from last year’s $1.06 per share. K’s profit will be $370.86M for 14.24 P/E if the $1.07 EPS becomes a reality. After $0.96 actual earnings per share reported by Kellogg Company for the previous quarter, Wall Street now forecasts 11.46 % EPS growth.

Kellogg W K Foundation Trust holds 98.23% of its portfolio in Kellogg Company for 67.61 million shares. Keybank National Association Oh owns 25.80 million shares or 10.05% of their US portfolio. Moreover, Hs Management Partners Llc has 5.61% invested in the company for 2.69 million shares. The New York-based Global Thematic Partners Llc has invested 2.88% in the stock. Corda Investment Management Llc., a Texas-based fund reported 351,874 shares.

Since January 1, 0001, it had 0 buys, and 7 sales for $165.22 billion activity.

Kellogg Company (NYSE:K) Ratings Coverage

Ratings analysis reveals 42% of Kellogg’s analysts are positive. Out of 12 Wall Street analysts rating Kellogg, 5 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $6300 while the high is $91.0. The stock’s average target of $72.64 is 19.18% above today’s ($60.95) share price. K was included in 20 notes of analysts from October 31, 2017. Bank of America maintained the shares of K in report on Friday, February 9 with “Underperform” rating. DZ Bank downgraded Kellogg Company (NYSE:K) on Friday, December 8 to “Hold” rating. The company was maintained on Tuesday, April 24 by RBC Capital Markets. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. The rating was maintained by RBC Capital Markets on Friday, February 9 with “Hold”. The firm has “Buy” rating given on Wednesday, November 22 by Argus Research. The company was maintained on Wednesday, November 1 by Buckingham Research. The stock has “Hold” rating by Piper Jaffray on Thursday, February 15. As per Wednesday, November 1, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Tuesday, October 31 by Piper Jaffray.

Kellogg Company (NYSE:K) Institutional Positions Chart

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