Kellogg (K) Stake Increased by Donald L. Hagan LLC

Donald L. Hagan LLC grew its holdings in shares of Kellogg (NYSE:K) by 39.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,640 shares of the company’s stock after buying an additional 6,745 shares during the quarter. Kellogg accounts for 1.2% of Donald L. Hagan LLC’s portfolio, making the stock its 20th largest position. Donald L. Hagan LLC’s holdings in Kellogg were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highwater Wealth Management LLC acquired a new stake in Kellogg in the 4th quarter valued at about $70,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Kellogg in the 3rd quarter valued at about $101,000. Financial Architects Inc acquired a new stake in Kellogg in the 3rd quarter valued at about $111,000. Captrust Financial Advisors lifted its stake in Kellogg by 216.4% during the third quarter. Captrust Financial Advisors now owns 1,585 shares of the company’s stock valued at $111,000 after buying an additional 1,084 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in Kellogg during the third quarter valued at about $120,000. Institutional investors own 87.01% of the company’s stock.

K has been the subject of a number of analyst reports. Buckingham Research reduced their price objective on shares of Kellogg from $80.00 to $77.00 and set a “buy” rating for the company in a research note on Thursday, November 1st. Guggenheim assumed coverage on shares of Kellogg in a research note on Tuesday, January 22nd. They set a “neutral” rating and a $58.70 price objective for the company. Zacks Investment Research raised shares of Kellogg from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Deutsche Bank set a $66.00 price target on shares of Kellogg and gave the stock a “hold” rating in a research report on Wednesday, November 14th. Finally, Credit Suisse Group reduced their price target on shares of Kellogg from $70.00 to $66.00 and set a “hold” rating for the company in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Kellogg currently has an average rating of “Hold” and a consensus price target of $64.92.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 180,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $62.24, for a total transaction of $11,203,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Steven A. Cahillane bought 17,825 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were bought at an average price of $61.63 per share, with a total value of $1,098,554.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 680,000 shares of company stock valued at $40,102,200. 1.40% of the stock is currently owned by corporate insiders.

Shares of K stock opened at $56.96 on Thursday. The firm has a market capitalization of $19.21 billion, a P/E ratio of 13.15, a PEG ratio of 2.21 and a beta of 0.58. Kellogg has a one year low of $54.14 and a one year high of $74.98. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.70 and a quick ratio of 0.40.

Kellogg (NYSE:K) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.03. Kellogg had a return on equity of 47.10% and a net margin of 9.86%. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts predict that Kellogg will post 4.06 earnings per share for the current fiscal year.

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Kellogg Profile

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Morning Foods, U.S. Snacks, U.S. Specialty, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include cookies, crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, and veggie foods.

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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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