Kellogg Co (K) Holder Kellogg W K Foundation Trust Has Lowered Its Holding by $38.35 Million

June 15, 2018 - By reb123z

Kellogg Company (NYSE:K) LogoInvestors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It dropped, as 56 investors sold K shares while 211 reduced holdings. 67 funds opened positions while 163 raised stakes. 304.23 million shares or 1.56% less from 309.07 million shares in 2017Q4 were reported. Moreover, Cls Invests Llc has 0% invested in Kellogg Company (NYSE:K). Bridgeway Management owns 842,290 shares for 0.59% of their portfolio. Clinton Grp Inc has invested 0.12% in Kellogg Company (NYSE:K). Beck Mack & Oliver Limited Liability Com reported 0.01% of its portfolio in Kellogg Company (NYSE:K). Bokf Na, Oklahoma-based fund reported 58,892 shares. Fisher Asset Mgmt Lc reported 75,485 shares. Moreover, Hightower Limited Co has 0.01% invested in Kellogg Company (NYSE:K). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv reported 0.2% stake. 9,652 are held by Gotham Asset Mgmt Lc. Acadian Asset Mngmt reported 180 shares. Cornercap Inv Counsel invested in 0.72% or 77,850 shares. Kingdon Capital Mngmt Limited, a New York-based fund reported 88,669 shares. Cambridge Trust accumulated 0.02% or 5,100 shares. Godsey Gibb has 13,700 shares. Connecticut-based Paloma has invested 0.06% in Kellogg Company (NYSE:K).

Since January 24, 2018, it had 1 buy, and 10 selling transactions for $96.18 million activity. The insider Khan Fareed A bought 8,080 shares worth $499,150. BANATI AMIT had sold 1,992 shares worth $129,536.

Kellogg W K Foundation Trust decreased its stake in Kellogg Co (K) by 0.87% based on its latest 2018Q1 regulatory filing with the SEC. Kellogg W K Foundation Trust sold 590,000 shares as the company’s stock declined 5.40% with the market. The institutional investor held 67.02M shares of the packaged foods company at the end of 2018Q1, valued at $4.36B, down from 67.61 million at the end of the previous reported quarter. Kellogg W K Foundation Trust who had been investing in Kellogg Co for a number of months, seems to be less bullish one the $23.26 billion market cap company. The stock increased 0.69% or $0.46 during the last trading session, reaching $67.06. About 3.70 million shares traded or 23.44% up from the average. Kellogg Company (NYSE:K) has declined 10.25% since June 15, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

Analysts await Kellogg Company (NYSE:K) to report earnings on August, 2. They expect $1.05 earnings per share, up 8.25 % or $0.08 from last year’s $0.97 per share. K’s profit will be $364.20 million for 15.97 P/E if the $1.05 EPS becomes a reality. After $1.19 actual earnings per share reported by Kellogg Company for the previous quarter, Wall Street now forecasts -11.76 % negative EPS growth.

More notable recent Kellogg Company (NYSE:K) news were published by: 247Wallst.com which released: “Kellogg Issues Recall For Honey Smacks Cereal” on June 15, 2018, also Seekingalpha.com with their article: “Should You Short Kellogg Stock?” published on May 29, 2018, Prnewswire.com published: “Keebler® Celebrates New Whoopsy! Fudge Stripesâ„¢ Cookies On National Fudge Day” on June 15, 2018. More interesting news about Kellogg Company (NYSE:K) were released by: Seekingalpha.com and their article: “Dividend Stock Analysis: Kellogg Company” published on June 04, 2018 as well as Seekingalpha.com‘s news article titled: “Should I Prefer Kellogg’s Over Kraft Heinz?” with publication date: June 04, 2018.

Kellogg Company (NYSE:K) Ratings Coverage

Among 12 analysts covering Kellogg (NYSE:K), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Kellogg had 19 analyst reports since December 21, 2017 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Thursday, February 15 report. The rating was upgraded by Piper Jaffray to “Buy” on Wednesday, February 28. The firm has “Hold” rating given on Friday, May 4 by Stifel Nicolaus. The stock has “Hold” rating by Credit Suisse on Monday, April 16. The stock of Kellogg Company (NYSE:K) has “Neutral” rating given on Tuesday, February 6 by Credit Suisse. The stock of Kellogg Company (NYSE:K) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. The stock has “Overweight” rating by JP Morgan on Tuesday, May 1. Morgan Stanley maintained Kellogg Company (NYSE:K) rating on Friday, February 9. Morgan Stanley has “Equal-Weight” rating and $70 target. The stock of Kellogg Company (NYSE:K) has “Equal-Weight” rating given on Friday, May 4 by Morgan Stanley. RBC Capital Markets maintained it with “Hold” rating and $7200 target in Tuesday, April 24 report.

Kellogg Company (NYSE:K) Institutional Positions Chart

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