Kellogg Company (NYSE:K) is expected to pay $0.52 on Dec 15, 2016. The indicated annual dividend is $2.08. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Kellogg Company’s current price of $74.16, the dividend is 0.70%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 24, 2016. The stock increased 1.05% or $0.77 on November 25, hitting $74.16. Kellogg Company (NYSE:K) has declined 2.16% since April 25, 2016 and is downtrending. It has underperformed by 8.18% the S&P500.
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The company has a market cap of $26.30 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 37.29 P/E ratio. The Company’s divisions include U.S.
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.28, from 1.21 in 2016Q1. The ratio is negative, 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.
Creegan Nassoura Gp Lc has invested 1.08% of its portfolio in Kellogg Company (NYSE:K). Mcclain Value Ltd Liability holds 1.34% of its portfolio in Kellogg Company (NYSE:K) for 19,291 shares. The Ontario – Canada-based Hillsdale has invested 0% in Kellogg Company (NYSE:K). Moreover, Evercore Wealth Mgmt Ltd Liability Company has 0% invested in Kellogg Company (NYSE:K) for 570 shares. Wfg Advisors Lp holds 0.11% or 5,151 shares in its portfolio. Bridgeway Capital Inc has invested 0.76% of its portfolio in Kellogg Company (NYSE:K). Stonebridge Capital Inc holds 0.55% of its portfolio in Kellogg Company (NYSE:K) for 14,851 shares. Regentatlantic Lc last reported 2,671 shares in the company. Ls Investment Advsr Limited Company has 0.16% invested in the company for 28,450 shares. Davenport And Limited Liability Company last reported 0% of its portfolio in the stock. Brookfield Asset has 98,120 shares for 0.04% of their US portfolio. Amica Retiree Trust last reported 0.12% of its portfolio in the stock. Alpha Windward Limited Co holds 2,450 shares or 0.14% of its portfolio. Manufacturers Life Ins Com The accumulated 0.03% or 256,208 shares. Clean Yield Group Inc owns 100 shares or 0% 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. $377,120 worth of Kellogg Company (NYSE:K) was sold by PILNICK GARY H on Tuesday, November 1. 150,000 Kellogg Company (NYSE:K) shares with value of $11.70M were sold by KELLOGG W K FOUNDATION TRUST. $247,986 worth of shares were sold by DILLON JOHN T on Wednesday, August 17. MEJIA MARIA FERNANDA sold $2.92 million worth of stock. Dissinger Ronald L sold 6,000 shares worth $502,232. Norman Paul T sold 95,875 shares worth $7.92 million. The insider BRYANT JOHN A sold $21.64M.
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 rating was initiated by Susquehanna on Monday, October 26 with “Neutral”. RBC Capital Markets maintained it with “Sector Perform” rating and $86 target price in Friday, August 5 report. The firm has “Neutral” rating given on Wednesday, November 4 by Credit Suisse. The stock has “Neutral” rating given by UBS on Wednesday, February 24. The company was initiated on Monday, October 19 by Buckingham Research. The firm earned “Hold” rating on Wednesday, August 5 by Societe Generale. Citigroup upgraded the shares of K in a report on Wednesday, August 5 to “Buy” rating. On Friday, January 8 the stock rating was upgraded by CLSA to “Outperform”. The firm earned “Sector Perform” rating on Friday, February 12 by RBC Capital Markets. The firm has “Buy” rating given on Friday, August 5 by Citigroup.
More recent Kellogg Company (NYSE:K) news were published by: Prnewswire.com which released: “Highly Anticipated Cereal Hits Shelves — Kellogg’s® Unveils New Cinnamon …” on November 15, 2016. Also Prnewswire.com published the news titled: “Kellogg Company Reports Third Quarter 2016 Results” on November 01, 2016. Equitiesfocus.com‘s news article titled: “Kellogg Company (NYSE:K) Stock Gets Revised Target Of $82.35” with publication date: November 28, 2016 was also an interesting one.
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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