Ray Gerald L & Associates Ltd. maintained its position in shares of Kellogg Company (NYSE:K) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,175 shares of the company’s stock at the end of the first quarter. Ray Gerald L & Associates Ltd.’s holdings in Kellogg Company were worth $884,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. boosted its stake in shares of Kellogg Company by 20.5% in the first quarter. Financial Engines Advisors L.L.C. now owns 26,865 shares of the company’s stock valued at $1,951,000 after buying an additional 4,563 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Kellogg Company by 5.3% in the first quarter. Suntrust Banks Inc. now owns 51,229 shares of the company’s stock valued at $3,718,000 after buying an additional 2,594 shares in the last quarter. Altfest L J & Co. Inc. boosted its stake in shares of Kellogg Company by 0.5% in the first quarter. Altfest L J & Co. Inc. now owns 2,891 shares of the company’s stock valued at $210,000 after buying an additional 14 shares in the last quarter. Princeton Alpha Management LP purchased a new stake in shares of Kellogg Company during the first quarter valued at $1,675,000. Finally, Nuance Investments LLC bought a new stake in Kellogg Company during the first quarter valued at approximately $2,692,000. 81.55% of the stock is owned by institutional investors and hedge funds.
Shares of Kellogg Company (NYSE:K) opened at 72.95 on Tuesday. The firm has a 50-day moving average of $71.51 and a 200 day moving average of $72.83. The firm has a market cap of $25.55 billion, a PE ratio of 33.01 and a beta of 0.53. Kellogg Company has a 52 week low of $68.67 and a 52 week high of $87.16.
Kellogg Company (NYSE:K) last issued its quarterly earnings data on Thursday, May 4th. The company reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The business had revenue of $3.25 billion for 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%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equities research analysts predict that Kellogg Company will post $3.92 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.08 annualized dividend and a dividend yield of 2.85%. Kellogg Company’s dividend payout ratio (DPR) is 106.67%.
Several analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Kellogg Company from $84.00 to $87.00 and gave the company a “sector perform” rating in a research note on Friday, February 10th. TheStreet lowered shares of Kellogg Company from a “b” rating to a “c+” rating in a report on Thursday, February 9th. Deutsche Bank AG initiated coverage on shares of Kellogg Company in a report on Wednesday, February 15th. They issued a “hold” rating and a $79.00 target price on the stock. Sanford C. Bernstein lowered shares of Kellogg Company from a “market perform” rating to an “underperform” rating in a report on Tuesday, March 21st. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $80.00 target price (down from $82.00) on shares of Kellogg Company in a report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $81.33. In related news, Director John T. Dillon sold 4,900 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $71.87, for a total transaction of $352,163.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James M. Jenness sold 70,000 shares of the stock in a transaction on Monday, May 8th. The shares were sold at an average price of $71.06, for a total value of $4,974,200.00. The disclosure for this sale can be found here. 8.80% of the stock is owned by corporate insiders.
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