As Kellogg Co (K) Share Value Declined, Holder Kellogg W K Foundation Trust Decreased Its Holding by $21.78 Million

May 17, 2018 - By Clifton Ray

Kellogg Company (NYSE:K) LogoInvestors sentiment increased to 0.91 in 2017 Q4. Its up 0.05, from 0.86 in 2017Q3. It improved, as 60 investors sold K shares while 212 reduced holdings. 82 funds opened positions while 166 raised stakes. 309.07 million shares or 0.67% more from 307.00 million shares in 2017Q3 were reported. Moreover, Hudock Capital Llc has 0.02% invested in Kellogg Company (NYSE:K) for 715 shares. Meiji Yasuda Asset Management Ltd reported 23,785 shares. Connor Clark & Lunn Mngmt Ltd invested 0.03% of its portfolio in Kellogg Company (NYSE:K). 4,500 were accumulated by Icon Advisers Inc. Invesco Ltd reported 0.04% stake. Pzena Investment Mngmt Limited Liability Company stated it has 0.32% of its portfolio in Kellogg Company (NYSE:K). Tennessee-based Highland Cap Llc has invested 0.03% in Kellogg Company (NYSE:K). Atlantic Trust Grp Inc Limited Liability Co holds 0.01% of its portfolio in Kellogg Company (NYSE:K) for 19,604 shares. Gulf Fincl Bank (Uk) Limited reported 0.07% in Kellogg Company (NYSE:K). Hsbc Hldg Public Limited Company holds 723,334 shares or 0.07% of its portfolio. Fort Washington Investment Advsr Incorporated Oh has invested 0.02% in Kellogg Company (NYSE:K). New York State Teachers Retirement owns 347,778 shares. Gemmer Asset Mgmt Lc holds 170 shares. Cleararc Cap Inc holds 0.06% in Kellogg Company (NYSE:K) or 6,338 shares. Paradigm Asset Management Ltd owns 26,560 shares or 0.49% of their US portfolio.

Since December 13, 2017, it had 0 insider purchases, and 8 selling transactions for $165.23 billion activity.

Kellogg W K Foundation Trust decreased its stake in Kellogg Co (K) by 0.48% based on its latest 2017Q4 regulatory filing with the SEC. Kellogg W K Foundation Trust sold 325,000 shares as the company’s stock declined 5.46% with the market. The institutional investor held 67.61 million shares of the packaged foods company at the end of 2017Q4, valued at $4.60 billion, down from 67.93M 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 $21.18 billion market cap company. The stock decreased 0.70% or $0.43 during the last trading session, reaching $61.06. About 1.03 million shares traded. Kellogg Company (NYSE:K) has declined 11.27% since May 17, 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 14.54 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 important recent Kellogg Company (NYSE:K) news were published by: Seekingalpha.com which released: “Kellogg: Great Time To Buy” on May 07, 2018, also 247Wallst.com published article titled: “6 Most Important Things in Business Today”, Vendingmarketwatch.com published: “Snack Food Industry M&A Activity Trends Toward Healthier Options” on May 17, 2018. More interesting news about Kellogg Company (NYSE:K) was released by: Seekingalpha.com and their article: “Kellogg: Better Options For Dividend Growth” with publication date: May 16, 2018.

Kellogg Company (NYSE:K) Ratings Coverage

Among 14 analysts covering Kellogg (NYSE:K), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. Kellogg had 21 analyst reports since November 22, 2017 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Tuesday, February 6. The firm has “Buy” rating given on Wednesday, February 28 by Piper Jaffray. The firm earned “Equal-Weight” rating on Friday, February 9 by Morgan Stanley. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, April 18 report. The stock of Kellogg Company (NYSE:K) earned “Hold” rating by Wells Fargo on Monday, May 7. As per Thursday, February 15, the company rating was maintained by Piper Jaffray. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, April 24. The rating was upgraded by Argus Research to “Buy” on Wednesday, November 22. Morgan Stanley maintained Kellogg Company (NYSE:K) rating on Friday, May 4. Morgan Stanley has “Equal-Weight” rating and $63 target. The firm has “Hold” rating given on Friday, February 9 by RBC Capital Markets.

Kellogg Company (NYSE:K) Institutional Positions Chart

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