Symphony Financial Ltd. Co. bought a new position in shares of Kellogg (NYSE:K) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 3,895 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors also recently modified their holdings of K. Princeton Global Asset Management LLC boosted its position in shares of Kellogg by 100.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 440 shares of the company’s stock worth $28,000 after buying an additional 220 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Kellogg in the 3rd quarter worth about $32,000. Prospera Financial Services Inc purchased a new stake in shares of Kellogg in the 3rd quarter worth about $34,000. Asset Dedication LLC boosted its position in shares of Kellogg by 274.0% in the 3rd quarter. Asset Dedication LLC now owns 546 shares of the company’s stock worth $35,000 after buying an additional 400 shares in the last quarter. Finally, Chiron Capital Management LLC purchased a new stake in shares of Kellogg in the 3rd quarter worth about $45,000. Institutional investors own 79.81% of the company’s stock.

K has been the topic of several recent research reports. BidaskClub lowered shares of Kellogg from a “hold” rating to a “sell” rating in a research report on Saturday, January 9th. Jefferies Financial Group decreased their price objective on shares of Kellogg from $69.00 to $65.00 and set a “hold” rating on the stock in a research report on Tuesday. Piper Sandler lowered shares of Kellogg from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $76.00 to $66.00 in a research report on Tuesday, January 5th. Finally, Credit Suisse Group downgraded shares of Kellogg from an “outperform” rating to a “neutral” rating and cut their target price for the company from $77.00 to $68.00 in a research note on Monday, November 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $69.21.

In related news, major shareholder Kellogg W. K. Foundation Trust sold 83,334 shares of the stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of $60.94, for a total transaction of $5,078,373.96. Also, major shareholder Kellogg W. K. Foundation Trust sold 83,333 shares of the company’s stock in a transaction that occurred on Monday, January 11th. The stock was sold at an average price of $59.66, for a total value of $4,971,646.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 500,001 shares of company stock valued at $31,438,400. Corporate insiders own 1.10% of the company’s stock.

NYSE K opened at $59.14 on Thursday. Kellogg has a 12 month low of $52.66 and a 12 month high of $72.88. The company has a 50-day moving average of $61.91 and a 200-day moving average of $65.46. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.58. The company has a market cap of $20.33 billion, a P/E ratio of 17.09, a P/E/G ratio of 4.25 and a beta of 0.59.

Kellogg (NYSE:K) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.05. Kellogg had a net margin of 8.80% and a return on equity of 41.23%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Kellogg will post 4.03 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Monday, November 30th. Kellogg’s dividend payout ratio (DPR) is presently 57.87%.

Kellogg Company Profile

Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.

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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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