Stocks: Kellogg Company (K) Shares Bought by Flinton Capital Management LLC

Stocks: Kellogg Company (K) Shares Bought by Flinton Capital Management LLC

Flinton Capital Management LLC raised its stake in shares of Kellogg Company (NYSE:K) by 32.1% during the first quarter, Holdings Channel reports. The firm owned 19,720 shares of the company’s stock after buying an additional 4,794 shares during the period. Flinton Capital Management LLC’s holdings in Kellogg Company were worth $1,432,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Independent Advisor Alliance acquired a new stake in Kellogg Company during the fourth quarter valued at $116,000. Exane Derivatives raised its stake in Kellogg Company by 312.5% in the first quarter. Exane Derivatives now owns 1,852 shares of the company’s stock valued at $134,000 after buying an additional 1,403 shares during the period. Security National Trust Co. raised its stake in Kellogg Company by 7.2% in the first quarter. Security National Trust Co. now owns 2,066 shares of the company’s stock valued at $150,000 after buying an additional 139 shares during the period. Enterprise Financial Services Corp raised its stake in Kellogg Company by 6.8% in the first quarter. Enterprise Financial Services Corp now owns 2,352 shares of the company’s stock valued at $170,000 after buying an additional 149 shares during the period. Finally, Alpha Windward LLC raised its stake in Kellogg Company by 1.5% in the first quarter. Alpha Windward LLC now owns 2,564 shares of the company’s stock valued at $186,000 after buying an additional 37 shares during the period. 81.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kellogg Company (NYSE:K) traded down 0.17% during mid-day trading on Friday, hitting $70.57. The stock had a trading volume of 809,798 shares. Kellogg Company has a 12 month low of $68.67 and a 12 month high of $87.16. The firm has a 50 day moving average price of $71.97 and a 200-day moving average price of $73.17. The stock has a market cap of $24.70 billion, a P/E ratio of 31.93 and a beta of 0.53.

Kellogg Company (NYSE:K) last issued its earnings results on Thursday, May 4th. The company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Kellogg Company had a return on equity of 66.33% and a net margin of 5.33%. Kellogg Company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. On average, equities research analysts forecast that Kellogg Company will post $3.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.94%. The ex-dividend date is Tuesday, May 30th. Kellogg Company’s dividend payout ratio is presently 106.67%.

K has been the topic of several research analyst reports. TheStreet raised Kellogg Company from a “c+” rating to a “b+” rating in a research note on Thursday, May 4th. Deutsche Bank AG initiated coverage on Kellogg Company in a research note on Wednesday, February 15th. They set a “hold” rating and a $79.00 price target on the stock. Zacks Investment Research raised Kellogg Company from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Credit Suisse Group AG set a $77.00 price target on Kellogg Company and gave the company a “hold” rating in a research note on Tuesday, January 17th. Finally, Susquehanna Bancshares Inc set a $78.00 price target on Kellogg Company and gave the company a “hold” rating in a research note on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Kellogg Company has an average rating of “Hold” and an average target price of $81.75.

In other Kellogg Company news, Director James M. Jenness sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $71.06, for a total transaction of $4,974,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.80% 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.

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