Economy

Kellogg (K) Given Daily News Impact Score of 0.12

It fall, as 59 investors sold Kellogg Company shares while 223 reduced holdings. Eaton Vance Management's holdings in Kellogg were worth $7,480,000 as of its most recent filing with the Securities & Exchange Commission. Alpha Windward LLC lifted its stake in Kellogg by 0.4% in the 2nd quarter. JENNESS JAMES M sold $4.97M worth of Kellogg Company (NYSE:K) on Monday, May 8. The New York-based Pinebridge Invs Lp has invested 0% in Kellogg Company (NYSE:K). FTB Advisors Inc. lifted its stake in Kellogg by 0.5% in the 2nd quarter. State Street Corp raised its stake in Kellogg by 1.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 221,646 shares of the company's stock valued at $16,094,000 after buying an additional 6,828 shares during the period. Lazard Asset Management LLC raised its stake in Kellogg by 2.5% in the first quarter. Lazard Asset Management LLC now owns 4,039,520 shares of the company's stock valued at $293,308,000 after buying an additional 97,233 shares during the last quarter.

These firms have modified their investment in K. Gwm Advisors LLC trimmed its position by shedding 102 shares a decrease of 3.4% from 03/31/2017 to 06/30/2017. Gwm Advisors LLC now owns 2,928 shares worth $192,877,000.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. About shares traded. Kellogg Company (NYSE:K) has declined 5.60% since September 19, 2016 and is downtrending. The company had a trading volume of 2,341,994 shares. The stock has a market capitalization of $22.34 billion, a P/E ratio of 29.30 and a beta of 0.49. The company's 50-day moving average is $68.42 and its 200-day moving average is $70.47.

Kellogg Company, launched on December 11, 1922, is a manufacturer and marketer of ready-to-eat cereal and convenience foods. Ing Groep Nv has invested 0.1% in Kellogg Company (NYSE:K). The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. Kellogg Company has a total market cap of $22587.28, a gross margin of 38.90% while the profit margin is 6.10% and the ROI is 12.00%. Kellogg's quarterly revenue was down 2.5% compared to the same quarter a year ago. During the same quarter in the prior year, the firm posted $0.91 EPS. Additionally the company announced a dividend that was paid on Friday the 15th of September 2017. Investors of record on Thursday, June 1st will be issued a dividend of $0.52 per share. More interesting news about Kellogg Company (NYSE:K) were released by: Mlive.com and their article: "Cereal giant Kellogg to cut 223 production jobs in Battle Creek" published on August 31, 2017 as well as Prnewswire.com's news article titled: "Kellogg Company Selected for Dow Jones Sustainability Index" with publication date: September 12, 2017. Texas-based Eagle Glob Advsr has invested 0.01% in Kellogg Company (NYSE:K). The dividend yield was $3.18. Kellogg's dividend payout ratio is now 97.74%.

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According to the the latest analyst ratings which have been released, 2 brokers have issued a rating of "buy", 1 brokers "outperform", 14 brokers "hold", 3 brokers "underperform" and 0 brokers "sell". RBC Capital Markets maintained Kellogg Company (NYSE:K) rating on Friday, May 5. Stifel Nicolaus has "Hold" rating and $6800 target. Finally, Royal Bank of Canada boosted their target price on Kellogg Company from $84.00 to $87.00 and gave the company a "sector perform" rating in a research report on Friday, February 10th.

Currently, EPS of Kellogg Company (K) is 0.97 while the analysts predicted the EPS of the stock to be 0.92 suggesting the company fell short of the analysts' expectations. The company has a consensus rating of "Hold" and a consensus target price of $74.50.



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