Brown Advisory Inc. lessened its holdings in shares of Kellogg (NYSE:K) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,877 shares of the company’s stock after selling 228 shares during the period. Brown Advisory Inc. owned about 0.05% of Kellogg worth $9,969,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Acima Private Wealth LLC purchased a new stake in shares of Kellogg in the fourth quarter valued at approximately $25,000. Bruderman Asset Management LLC boosted its holdings in shares of Kellogg by 275.0% in the fourth quarter. Bruderman Asset Management LLC now owns 435 shares of the company’s stock valued at $25,000 after purchasing an additional 319 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Kellogg by 5,672.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,568,573 shares of the company’s stock valued at $28,000 after purchasing an additional 1,541,399 shares during the period. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Kellogg in the fourth quarter valued at approximately $28,000. Finally, JOYN Advisors Inc. boosted its holdings in shares of Kellogg by 38.9% in the fourth quarter. JOYN Advisors Inc. now owns 660 shares of the company’s stock valued at $38,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of K stock opened at $53.81 on Friday. The firm has a market cap of $18.63 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 3.25 and a beta of 0.54. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.40 and a current ratio of 0.70. Kellogg has a 12-month low of $53.14 and a 12-month high of $74.98.

Kellogg (NYSE:K) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $3.31 billion. Kellogg had a return on equity of 47.10% and a net margin of 9.86%. The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, analysts predict that Kellogg will post 3.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Monday, March 4th. Kellogg’s payout ratio is presently 51.73%.

In other news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the company’s stock in a transaction on Thursday, December 20th. The stock was sold at an average price of $57.69, for a total transaction of $5,769,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 600,000 shares of company stock worth $34,087,000. Insiders own 0.09% of the company’s stock.

A number of analysts have weighed in on K shares. Zacks Investment Research lowered Kellogg from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. Credit Suisse Group set a $54.00 target price on Kellogg and gave the stock a “hold” rating in a report on Saturday, February 9th. TheStreet lowered Kellogg from a “b-” rating to a “c” rating in a report on Thursday, February 7th. BMO Capital Markets lowered their target price on Kellogg to $62.00 and set a “market perform” rating for the company in a report on Friday, February 8th. Finally, JPMorgan Chase & Co. lowered their target price on Kellogg to $56.00 and set a “neutral” rating for the company in a report on Friday, February 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. Kellogg presently has an average rating of “Hold” and an average price target of $64.92.

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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. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

Further Reading: Net Margin

Institutional Ownership by Quarter for Kellogg (NYSE:K)

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