Janus Henderson Group PLC grew its stake in Kellogg Company (NYSE:K) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 879,653 shares of the company’s stock after buying an additional 8,742 shares during the period. Janus Henderson Group PLC owned 0.25% of Kellogg worth $54,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of K. FTB Advisors Inc. grew its stake in Kellogg by 0.5% during the second quarter. FTB Advisors Inc. now owns 3,648 shares of the company’s stock worth $251,000 after purchasing an additional 17 shares during the period. Guyasuta Investment Advisors Inc. grew its stake in Kellogg by 0.5% during the second quarter. Guyasuta Investment Advisors Inc. now owns 7,498 shares of the company’s stock worth $521,000 after purchasing an additional 40 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Kellogg by 2.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,930 shares of the company’s stock worth $273,000 after purchasing an additional 86 shares during the period. King Luther Capital Management Corp grew its stake in Kellogg by 2.7% during the second quarter. King Luther Capital Management Corp now owns 3,640 shares of the company’s stock worth $253,000 after purchasing an additional 95 shares during the period. Finally, IndexIQ Advisors LLC grew its stake in Kellogg by 1.3% during the second quarter. IndexIQ Advisors LLC now owns 8,085 shares of the company’s stock worth $561,000 after purchasing an additional 102 shares during the period. 89.65% of the stock is owned by institutional investors.

In related news, CEO Steven A. Cahillane bought 15,930 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were bought at an average price of $62.70 per share, for a total transaction of $998,811.00. Following the completion of the acquisition, the chief executive officer now directly owns 15,930 shares of the company’s stock, valued at $998,811. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donald R. Knauss sold 6,846 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $62.57, for a total value of $428,354.22. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $312,850. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,754 shares of company stock worth $22,304,119. Corporate insiders own 1.30% of the company’s stock.

Kellogg Company (NYSE:K) opened at $64.99 on Monday. The stock has a market capitalization of $22,452.29, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.52. The company has a quick ratio of 0.43, a current ratio of 0.68 and a debt-to-equity ratio of 3.71. Kellogg Company has a fifty-two week low of $58.76 and a fifty-two week high of $76.69.

Kellogg (NYSE:K) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.22 billion. Kellogg had a return on equity of 73.92% and a net margin of 6.15%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. equities analysts expect that Kellogg Company will post 4.03 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.54 dividend. The ex-dividend date was Thursday, November 30th. This represents a $2.16 annualized dividend and a yield of 3.32%. Kellogg’s payout ratio is currently 96.43%.

Several research firms recently commented on K. Piper Jaffray Companies cut Kellogg from an “overweight” rating to a “neutral” rating and set a $78.00 target price for the company. in a research note on Tuesday, September 19th. DZ Bank cut Kellogg from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 target price on shares of Kellogg in a research note on Wednesday, September 6th. Argus raised Kellogg from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research note on Wednesday, November 22nd. Finally, UBS decreased their target price on Kellogg from $72.00 to $67.00 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $71.15.

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Kellogg 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.

Institutional Ownership by Quarter for Kellogg (NYSE:K)

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