In today’s session Kellogg Company (K) registered an unusually high (610) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious K increase. With 610 contracts traded and 9424 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: K161216C00080000 closed last at: $1.45 or 17.1% down. About 437,249 shares traded hands. Kellogg Company (NYSE:K) has risen 1.79% since March 3, 2016 and is uptrending. It has underperformed by 6.55% the S&P500.
Analysts await Kellogg Company (NYSE:K) to report earnings on November, 1. They expect $0.88 EPS, up 3.53% or $0.03 from last year’s $0.85 per share. K’s profit will be $308.35M for 21.53 P/E if the $0.88 EPS becomes a reality. After $0.91 actual EPS reported by Kellogg Company for the previous quarter, Wall Street now forecasts -3.30% negative EPS growth.
Kellogg Company (NYSE:K) Ratings Coverage
Out of 13 analysts covering Kellogg Company (NYSE:K), 6 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 46% are positive. Kellogg Company has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Friday, August 5, the company rating was maintained by Citigroup. Citigroup maintained the shares of K in a report on Thursday, April 14 with “Buy” rating. The firm has “Buy” rating given on Monday, October 19 by Buckingham Research. Credit Suisse upgraded it to “Neutral” rating and $72 target price in Wednesday, November 4 report. The rating was upgraded by Credit Suisse to “Outperform” on Monday, November 23. Credit Agricole upgraded Kellogg Company (NYSE:K) on Friday, January 8 to “Outperform” rating. Goldman Sachs upgraded Kellogg Company (NYSE:K) rating on Wednesday, March 16. Goldman Sachs has “Neutral” rating and $80 price target. The firm has “Hold” rating given on Wednesday, August 5 by S&P Research. The firm earned “Buy” rating on Wednesday, August 5 by Citigroup. The rating was upgraded by CLSA to “Outperform” on Friday, January 8.
According to Zacks Investment Research, “Kellogg Company is the world’s leading producer of cereal and a leading producer of convenience foods, including cookies, crackers, toaster pastries, cereal bars, frozen waffles, meat alternatives, pie crusts, and ice cream cones. The company’s brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Nutri-Grain, Rice Krispies, Murray, Austin, Morningstar Farms, Famous Amos, Carr’s, Plantation, Ready Crust, and Kashi. Kellogg products are manufactured in 19 countries and marketed in more than 160 countries around the world.”
Insitutional Activity: The institutional sentiment increased to 1.21 in 2016 Q2. Its up 0.22, from 0.99 in 2016Q1. The ratio is positive, as 50 funds sold all Kellogg Company shares owned while 195 reduced positions. 64 funds bought stakes while 233 increased positions. They now own 282.08 million shares or 1.76% less from 287.15 million shares in 2016Q1.
House Llc, a California-based fund reported 5,775 shares. Fincl Engines Advsr Limited Liability Co last reported 25,794 shares in the company. Hamel has invested 0.46% of its portfolio in Kellogg Company (NYSE:K). Trust Company Of Vermont accumulated 0.01% or 1,318 shares. St James Ltd Liability Com holds 0.09% or 9,136 shares in its portfolio. Thornburg Investment Mgmt has invested 0.01% of its portfolio in Kellogg Company (NYSE:K). Millennium Mgmt Ltd Liability accumulated 284,521 shares or 0.05% of the stock. Canada Pension Plan Inv Board last reported 0.06% of its portfolio in the stock. Meyer Handelman Communication last reported 111,900 shares in the company. Mcf Advisors Ltd Limited Liability Company accumulated 259 shares or 0.01% of the stock. Duncker Streett And Company last reported 483 shares in the company. The Pennsylvania-based Ajo L P has invested 0.15% in Kellogg Company (NYSE:K). Aqr Management Limited Company has 0.05% invested in the company for 352,651 shares. Chemical Commercial Bank has 15,558 shares for 0.18% of their US portfolio. Moreover, Quantbot Technology L P has 0.22% invested in Kellogg Company (NYSE:K) for 25,588 shares.
Insider Transactions: Since April 15, 2016, the stock had 0 insider buys, and 16 insider sales for $127.78 million net activity. 150,000 shares were sold by KELLOGG W K FOUNDATION TRUST, worth $11.55M on Friday, April 15. $2.92M worth of Kellogg Company (NYSE:K) was sold by MEJIA MARIA FERNANDA. DILLON JOHN T had sold 3,000 shares worth $247,986 on Wednesday, August 17. 4,170 shares with value of $322,974 were sold by JENNESS JAMES M on Friday, May 13. Dissinger Ronald L sold $3.85 million worth of stock. 9,830 Kellogg Company (NYSE:K) shares with value of $759,019 were sold by Hirst Alistair D. 259,500 Kellogg Company (NYSE:K) shares with value of $21.64M were sold by BRYANT JOHN A.
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The company has a market cap of $26.55 billion. The Company’s products include cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. It has a 43.55 P/E ratio. The Company’s divisions include U.S.
K Company Profile
Kellogg Company, incorporated on December 11, 1922, is a maker 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. The Company’s divisions include U.S. Morning Foods; U.S. Snacks; U.S. Specialty; North America Other; Europe; Latin America, and Asia Pacific. The U.S. Morning Foods operating segment includes cereal, toaster pastries, health and wellness bars, and beverages. The U.S. Snacks segment includes cookies, crackers, cereal bars, savory snacks and fruit-flavored snacks. The Company’s U.S. Specialty segment primarily represents food away from home channels, including food service, convenience, vending, Girl Scouts and food manufacturing. The North America Other segment includes the U.S. Frozen, Kashi and Canada operating divisions. The Company’s Europe segment consists principally of European countries; Latin America segment consists of Central and South America and includes Mexico, and Asia Pacific segment consists of Sub-Saharan Africa, Australia and other Asian and Pacific markets.
More news for Kellogg Company (NYSE:K) were recently published by: Prnewswire.com, which released: “Kellogg Company Renews Partnership with U.S. Olympic Committee” on September 27, 2016. Seekingalpha.com‘s article titled: “Kellogg Company: A Total Return Growth Food Company (Part 5 Single Letter …” and published on September 16, 2016 is yet another important article.
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