The stock of Kellogg Company (NYSE:K) is a huge mover today! About 1.55 million shares traded hands. Kellogg Company (NYSE:K) has declined 4.09% since April 5, 2016 and is downtrending. It has underperformed by 6.04% the S&P500.
The move comes after 8 months positive chart setup for the $27.53 billion company. It was reported on Nov, 8 by Barchart.com. We have $123.60 PT which if reached, will make NYSE:K worth $16.52B more.
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. The stock has “Outperform” rating given by CLSA on Friday, January 8. Zacks downgraded the shares of K in a report on Wednesday, August 5 to “Hold” rating. Credit Agricole upgraded Kellogg Company (NYSE:K) on Friday, January 8 to “Outperform” rating. The stock of Kellogg Company (NYSE:K) has “Hold” rating given on Wednesday, August 5 by Societe Generale. Buckingham Research initiated Kellogg Company (NYSE:K) on Monday, October 19 with “Buy” rating. The rating was maintained by S&P Research with “Hold” on Wednesday, August 5. Morgan Stanley upgraded the shares of K in a report on Tuesday, December 8 to “Equal-Weight” rating. The firm has “Neutral” rating given on Wednesday, March 16 by Goldman Sachs. The rating was upgraded by Credit Suisse to “Neutral” on Wednesday, November 4. Susquehanna initiated the stock with “Neutral” rating in Monday, October 26 report.
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 increased, 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.
New Mexico Educational Retirement Board last reported 29,390 shares in the company. California Pub Employees Retirement holds 0.09% or 677,154 shares in its portfolio. Kellogg W K Foundation Trust accumulated 68.70 million shares or 97.2% of the stock. Pictet Asset holds 189,376 shares or 0.06% of its portfolio. Wfg Advsr Ltd Partnership has 5,151 shares for 0.11% of their US portfolio. Mizuho Asset Coltd owns 3,245 shares or 0.05% of their US portfolio. Guyasuta Investment Advsrs reported 7,458 shares or 0.08% of all its holdings. Clarkston Capital Prtn Ltd Company last reported 2,618 shares in the company. Steinberg Asset Management, a Florida-based fund reported 2,500 shares. Security Natl Trust owns 2,064 shares or 0.06% of their US portfolio. Johnson Fincl Grp Inc holds 0.27% or 23,611 shares in its portfolio. Insur Tx has 36,620 shares for 0.18% of their US portfolio. Clean Yield Group holds 0% or 100 shares in its portfolio. First Savings Bank Sioux Falls reported 145 shares or 0.04% of all its holdings. Sunbelt Securities Inc holds 81 shares or 0% of its portfolio.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 16 sales for $98.42 million net activity. 50,000 shares with value of $3.85 million were sold by Dissinger Ronald L on Thursday, May 12. On Tuesday, November 1 PILNICK GARY H sold $377,120 worth of the stock or 5,036 shares. Another trade for 4,170 shares valued at $322,974 was sold by JENNESS JAMES M. KELLOGG W K FOUNDATION TRUST sold 130,000 shares worth $10.72M. The insider MEJIA MARIA FERNANDA sold 35,175 shares worth $2.92M. DILLON JOHN T had sold 3,000 shares worth $247,986 on Wednesday, August 17. Norman Paul T sold $7.92M worth of stock or 95,875 shares.
More important recent Kellogg Company (NYSE:K) news were published by: Prnewswire.com which released: “Kellogg Company Reports Third Quarter 2016 Results” on November 01, 2016, also Prnewswire.com published article titled: “Kellogg Company enters into agreement to acquire Ritmo Investimentos …”, Benzinga.com published: “Top Performing Industries For November 8, 2016” on November 08, 2016. More interesting news about Kellogg Company (NYSE:K) was released by: Seekingalpha.com and their article: “Kellogg: Eye On Acquisitions” with publication date: November 02, 2016.
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.
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