Kellogg Company’s Trend Up, Especially After This Options Activity

 Kellogg Company's Trend Up, Especially After This Options Activity

In today’s session Kellogg Company (K) registered an unusually high (662) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious K increase. With 662 contracts traded and 13314 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: K161118C00080000 closed last at: $0.7 or 100% up. About 211,709 shares traded hands. Kellogg Company (NYSE:K) has declined 3.07% since April 8, 2016 and is downtrending. It has underperformed by 8.72% the S&P500.

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. $100 is the highest target while $69 is the lowest. The $80.25 average target is 9.95% above today’s ($72.99) stock price. Kellogg Company has been the topic of 25 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Wednesday, August 5. As per Friday, January 8, the company rating was upgraded by CLSA. Citigroup upgraded Kellogg Company (NYSE:K) on Wednesday, August 5 to “Buy” rating. UBS initiated the shares of K in a report on Wednesday, February 24 with “Neutral” rating. The stock has “Outperform” rating given by Credit Agricole on Friday, January 8. The rating was maintained by Citigroup on Friday, August 5 with “Buy”. On Wednesday, August 5 the stock rating was upgraded by Societe Generale to “Hold”. The firm has “Buy” rating given on Thursday, April 14 by Citigroup. The firm earned “Buy” rating on Monday, October 19 by Buckingham Research. Credit Suisse upgraded the shares of K in a report on Monday, November 23 to “Outperform” rating.

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 Q2 2016. Its up 0.22, from 0.99 in 2016Q1. The ratio improved, 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.
Schwab Charles Investment Management holds 722,816 shares or 0.07% of its portfolio. Hanson And Doremus Investment Mngmt has 256 shares for 0.01% of their US portfolio. Parkside Savings Bank And Tru has 0.02% invested in the company for 441 shares. The Tennessee-based Patten Group Incorporated Inc has invested 0% in Kellogg Company (NYSE:K). Amica Pension Fund Board Of Trustees accumulated 0.12% or 11,059 shares. Salem Investment Counselors last reported 0.94% of its portfolio in the stock. Ingalls & Snyder Limited Liability Corp holds 0.02% or 4,830 shares in its portfolio. North Star Inv accumulated 0% or 156 shares. The Illinois-based Fortaleza Asset Mgmt has invested 0% in Kellogg Company (NYSE:K). Northwest Counselors Ltd Liability Corp holds 0.66% or 14,917 shares in its portfolio. Cornerstone Management Hldgs Ltd Liability has invested 0.04% of its portfolio in Kellogg Company (NYSE:K). Pax Ww Ltd Limited Liability Company, a New Hampshire-based fund reported 20,681 shares. Cambridge Invest Advisors last reported 0.05% of its portfolio in the stock. Everett Harris Company Ca, a California-based fund reported 15,196 shares. Quantres Asset holds 0.34% of its portfolio in Kellogg Company (NYSE:K) for 6,600 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 14 sales for $97.33 million net activity. On Thursday, June 30 KELLOGG W K FOUNDATION TRUST sold $8.05 million worth of the stock or 100,000 shares. Dissinger Ronald L had sold 5,843 shares worth $437,543 on Tuesday, November 1. Shares for $247,986 were sold by DILLON JOHN T. PILNICK GARY H sold 5,036 shares worth $377,120. $405,925 worth of Kellogg Company (NYSE:K) was sold by Norman Paul T. Shares for $322,974 were sold by JENNESS JAMES M. 259,500 shares were sold by BRYANT JOHN A, worth $21.64M on Monday, August 15.

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The company has a market cap of $24.92 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 36.7 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 Reports Third Quarter 2016 Results” on November 01, 2016. Prnewswire.com‘s article titled: “Kellogg Company enters into agreement to acquire Ritmo Investimentos …” and published on October 13, 2016 is yet another important article.

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