A Reversal for Kellogg Company Is Not Near. Professional Options Traders Are Bullish

 A Reversal for Kellogg Company Is Not Near. Professional Options Traders Are Bullish

In today’s session Kellogg Company (K) registered an unusually high (736) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious K increase. With 736 contracts traded and 13554 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: K170317C00080000 closed last at: $1.45 or 26.1% up. The stock decreased 1.48% or $1.1 on November 23, hitting $73.39. About 1.34 million shares traded hands. Kellogg Company (NYSE:K) has declined 2.51% since April 22, 2016 and is downtrending. It has underperformed by 7.92% the S&P500.

Analysts await Kellogg Company (NYSE:K) to report earnings on February, 9. They expect $0.86 EPS, up 8.86% or $0.07 from last year’s $0.79 per share. K’s profit will be $306.31 million for 21.33 P/E if the $0.86 EPS becomes a reality. After $0.96 actual EPS reported by Kellogg Company for the previous quarter, Wall Street now forecasts -10.42% 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. The stock of Kellogg Company (NYSE:K) has “Neutral” rating given on Wednesday, November 4 by Credit Suisse. The stock has “Outperform” rating given by Credit Suisse on Thursday, July 21. The rating was maintained by Citigroup with “Buy” on Thursday, April 14. As per Tuesday, December 8, the company rating was upgraded by Morgan Stanley. The company was upgraded on Wednesday, August 5 by Societe Generale. The firm has “Sector Perform” rating given on Wednesday, August 5 by RBC Capital Markets. Goldman Sachs upgraded Kellogg Company (NYSE:K) on Wednesday, March 16 to “Neutral” rating. Citigroup maintained the shares of K in a report on Friday, August 5 with “Buy” rating. The stock of Kellogg Company (NYSE:K) has “Neutral” rating given on Monday, October 26 by Susquehanna. The rating was downgraded by Zacks on Wednesday, August 5 to “Hold”.

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 decreased to 0.93 in 2016 Q2. Its down 0.28, from 1.21 in 2016Q1. The ratio dropped, 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.
Dimensional Fund Advsrs Lp has invested 0.02% of its portfolio in Kellogg Company (NYSE:K). Timber Hill Lc has 0.03% invested in the company for 70,936 shares. Regentatlantic Limited Liability has invested 0.02% of its portfolio in Kellogg Company (NYSE:K). Credit Suisse Ag accumulated 0.05% or 579,881 shares. Burnham Asset Mgmt Corp has invested 0.14% of its portfolio in Kellogg Company (NYSE:K). Walleye Trading Lc, a Minnesota-based fund reported 9,237 shares. The British Columbia – Canada-based British Columbia Investment Mngmt Corp has invested 0.12% in Kellogg Company (NYSE:K). Tower Bridge Advsr, a Pennsylvania-based fund reported 8,046 shares. Columbus Circle holds 1.08% of its portfolio in Kellogg Company (NYSE:K) for 1.32M shares. Bontempo Ohly Cap Mgmt Ltd Liability Corp accumulated 24,395 shares or 1.72% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 288,502 shares in the company. Brown Brothers Harriman last reported 0.01% of its portfolio in the stock. Mutual Of America Mgmt Llc has 29,603 shares for 0.05% of their US portfolio. First Advisors Lp has 742,308 shares for 0.19% of their US portfolio. Aviance Capital Mgmt Limited Com has 3,155 shares for 0.01% of their US portfolio.

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 15 insider sales for $104.52 million net activity. Dissinger Ronald L had sold 5,843 shares worth $437,543 on Tuesday, November 1. $247,986 worth of Kellogg Company (NYSE:K) was sold by DILLON JOHN T. Shares for $19.24 million were sold by KELLOGG W K FOUNDATION TRUST. $377,120 worth of shares were sold by PILNICK GARY H on Tuesday, November 1. $2.92M worth of Kellogg Company (NYSE:K) shares were sold by MEJIA MARIA FERNANDA. The insider Norman Paul T sold 5,420 shares worth $405,925. BRYANT JOHN A also sold $21.64 million worth of Kellogg Company (NYSE:K) 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 $26.14 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 36.9 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: “Highly Anticipated Cereal Hits Shelves — Kellogg’s® Unveils New Cinnamon …” on November 15, 2016. Prnewswire.com‘s article titled: “Kellogg Company Reports Third Quarter 2016 Results” and published on November 01, 2016 is yet another important article.

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