As Kellogg Co (K) Stock Price Declined, Kellogg W K Foundation Trust Has Trimmed Holding by $21.78 Million

May 17, 2018 - By Eugene Smith

Kellogg Company (NYSE:K) LogoInvestors sentiment increased to 0.91 in 2017 Q4. Its up 0.05, from 0.86 in 2017Q3. It increased, as 60 investors sold K shares while 212 reduced holdings. 82 funds opened positions while 166 raised stakes. 309.07 million shares or 0.67% more from 307.00 million shares in 2017Q3 were reported. Lazard Asset Mngmt Limited accumulated 3.36 million shares or 0.43% of the stock. Int Group Inc owns 7.48M shares for 1.67% of their portfolio. Tci Wealth Advsr Incorporated has invested 0.01% in Kellogg Company (NYSE:K). Keybank Natl Association Oh stated it has 25.80 million shares or 10.05% of all its holdings. California Public Employees Retirement System owns 625,163 shares. Northeast Management holds 3,485 shares. Moreover, Global X Mngmt Company Limited Company has 0.01% invested in Kellogg Company (NYSE:K). Kellogg W K Foundation accumulated 67.61 million shares. Fiduciary holds 0.01% or 3,436 shares in its portfolio. 19,091 are held by Natixis Asset Mgmt. Price T Rowe Associates Inc Md holds 0.03% or 3.09M shares in its portfolio. Pzena Inv Mgmt Llc invested in 973,315 shares or 0.32% of the stock. Moreover, Endurance Wealth Inc has 0% invested in Kellogg Company (NYSE:K). Arrow Corporation holds 0.03% or 2,045 shares in its portfolio. Goldman Sachs Gru Inc reported 3.04M shares.

Since December 13, 2017, it had 0 insider purchases, and 8 insider sales for $165.23 billion activity.

Kellogg W K Foundation Trust decreased its stake in Kellogg Co (K) by 0.48% based on its latest 2017Q4 regulatory filing with the SEC. Kellogg W K Foundation Trust sold 325,000 shares as the company’s stock declined 5.46% with the market. The institutional investor held 67.61M shares of the packaged foods company at the end of 2017Q4, valued at $4.60 billion, down from 67.93 million at the end of the previous reported quarter. Kellogg W K Foundation Trust who had been investing in Kellogg Co for a number of months, seems to be less bullish one the $21.18B market cap company. The stock decreased 0.70% or $0.43 during the last trading session, reaching $61.06. About 1.03 million shares traded. Kellogg Company (NYSE:K) has declined 11.27% since May 17, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

Analysts await Kellogg Company (NYSE:K) to report earnings on August, 2. They expect $1.05 earnings per share, up 8.25 % or $0.08 from last year’s $0.97 per share. K’s profit will be $364.20 million for 14.54 P/E if the $1.05 EPS becomes a reality. After $1.19 actual earnings per share reported by Kellogg Company for the previous quarter, Wall Street now forecasts -11.76 % negative EPS growth.

More important recent Kellogg Company (NYSE:K) news were published by: Seekingalpha.com which released: “Kellogg: Great Time To Buy” on May 07, 2018, also 247Wallst.com published article titled: “6 Most Important Things in Business Today”, Seekingalpha.com published: “Kellogg: Better Options For Dividend Growth” on May 16, 2018. More interesting news about Kellogg Company (NYSE:K) was released by: Vendingmarketwatch.com and their article: “Snack Food Industry M&A Activity Trends Toward Healthier Options” with publication date: May 17, 2018.

Kellogg Company (NYSE:K) Ratings Coverage

Among 14 analysts covering Kellogg (NYSE:K), 5 have Buy rating, 2 Sell and 7 Hold. Therefore 36% are positive. Kellogg had 21 analyst reports since November 22, 2017 according to SRatingsIntel. The stock of Kellogg Company (NYSE:K) has “Hold” rating given on Friday, December 8 by DZ Bank. The firm has “Hold” rating given on Monday, May 7 by Wells Fargo. Morgan Stanley maintained it with “Equal-Weight” rating and $65 target in Wednesday, April 18 report. The stock has “Underperform” rating by Bank of America on Friday, February 9. As per Wednesday, February 28, the company rating was upgraded by Piper Jaffray. On Friday, May 4 the stock rating was maintained by Deutsche Bank with “Hold”. Morgan Stanley maintained it with “Equal-Weight” rating and $70 target in Friday, February 9 report. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Hold”. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, May 4. The rating was maintained by Stifel Nicolaus on Friday, May 4 with “Hold”.

Kellogg Company (NYSE:K) Institutional Positions Chart

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