Amica Mutual Insurance Co. continued to hold its position in shares of Kellogg Company (NYSE:K) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,036 shares of the company’s stock at the end of the first quarter. Amica Mutual Insurance Co.’s holdings in Kellogg Company were worth $1,164,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Independent Advisor Alliance acquired a new position in Kellogg Company during the fourth quarter worth $116,000. Exane Derivatives increased its position in shares of Kellogg Company by 312.5% in the first quarter. Exane Derivatives now owns 1,852 shares of the company’s stock valued at $134,000 after buying an additional 1,403 shares during the period. Security National Trust Co. increased its position in shares of Kellogg Company by 7.2% in the first quarter. Security National Trust Co. now owns 2,066 shares of the company’s stock valued at $150,000 after buying an additional 139 shares during the period. Enterprise Financial Services Corp increased its position in shares of Kellogg Company by 6.8% in the first quarter. Enterprise Financial Services Corp now owns 2,352 shares of the company’s stock valued at $170,000 after buying an additional 149 shares during the period. Finally, Alpha Windward LLC increased its position in shares of Kellogg Company by 1.5% in the first quarter. Alpha Windward LLC now owns 2,564 shares of the company’s stock valued at $186,000 after buying an additional 37 shares during the period. Institutional investors own 81.55% of the company’s stock.
Kellogg Company (NYSE:K) traded up 1.11% during trading on Friday, reaching $70.86. The company had a trading volume of 1,116,807 shares. The firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 32.06 and a beta of 0.53. The company’s 50-day moving average is $71.58 and its 200 day moving average is $73.02. Kellogg Company has a 52 week low of $68.67 and a 52 week high of $87.16.
Kellogg Company (NYSE:K) last posted its earnings results on Thursday, May 4th. The company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Kellogg Company had a return on equity of 66.33% and a net margin of 5.33%. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Equities analysts anticipate that Kellogg Company will post $3.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, May 30th. Kellogg Company’s payout ratio is 106.67%.
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K has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of Kellogg Company from $84.00 to $87.00 and gave the company a “sector perform” rating in a research report on Friday, February 10th. TheStreet cut shares of Kellogg Company from a “b” rating to a “c+” rating in a research note on Thursday, February 9th. Deutsche Bank AG began coverage on shares of Kellogg Company in a research report on Wednesday, February 15th. They set a “hold” rating and a $79.00 price target on the stock. Sanford C. Bernstein lowered shares of Kellogg Company from a “market perform” rating to an “underperform” rating in a report on Tuesday, March 21st. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $80.00 price objective (down from $82.00) on shares of Kellogg Company in a report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.75.
In other Kellogg Company news, Director James M. Jenness sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $71.06, for a total transaction of $4,974,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.
Kellogg Company Company Profile
Kellogg Company is a manufacturer 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.
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