Capital Investment Advisory Services LLC Purchases 202 Shares of Kellogg (NYSE:K)

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Capital Investment Advisory Services LLC grew its holdings in Kellogg (NYSE:K) by 16.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,418 shares of the company’s stock after buying an additional 202 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Kellogg were worth $91,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Alpha Windward LLC increased its position in Kellogg by 7.1% in the second quarter. Alpha Windward LLC now owns 2,799 shares of the company’s stock worth $164,000 after purchasing an additional 185 shares during the period. 6 Meridian increased its position in Kellogg by 2.7% in the second quarter. 6 Meridian now owns 8,305 shares of the company’s stock worth $445,000 after purchasing an additional 217 shares during the period. Independent Advisor Alliance increased its position in Kellogg by 2.3% in the second quarter. Independent Advisor Alliance now owns 9,785 shares of the company’s stock worth $524,000 after purchasing an additional 223 shares during the period. AGF Investments LLC increased its position in Kellogg by 39.4% in the second quarter. AGF Investments LLC now owns 828 shares of the company’s stock worth $44,000 after purchasing an additional 234 shares during the period. Finally, World Asset Management Inc increased its position in Kellogg by 1.4% in the second quarter. World Asset Management Inc now owns 17,892 shares of the company’s stock worth $958,000 after purchasing an additional 242 shares during the period. Institutional investors own 88.57% of the company’s stock.

Shares of NYSE:K traded up $0.26 during trading on Friday, hitting $63.99. 1,336,724 shares of the company’s stock traded hands, compared to its average volume of 2,415,646. Kellogg has a 52 week low of $51.34 and a 52 week high of $65.66. The company has a current ratio of 0.80, a quick ratio of 0.52 and a debt-to-equity ratio of 2.45. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 3.62 and a beta of 0.52. The company has a 50-day moving average price of $62.84 and a 200-day moving average price of $59.62.

Kellogg (NYSE:K) last released its quarterly earnings data on Tuesday, October 29th. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.12. Kellogg had a return on equity of 42.47% and a net margin of 5.35%. The business had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted $1.06 EPS. Kellogg’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Kellogg will post 3.9 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Friday, November 29th. Kellogg’s dividend payout ratio (DPR) is presently 52.66%.

A number of brokerages recently commented on K. Credit Suisse Group set a $60.00 price objective on Kellogg and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Barclays lowered Kellogg to an “equal weight” rating in a research report on Tuesday, October 15th. TheStreet upgraded Kellogg from a “c+” rating to a “b-” rating in a research report on Monday, August 12th. Argus lifted their price objective on Kellogg from $70.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday. Finally, ValuEngine upgraded Kellogg from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.24.

In other news, SVP Maria Fernanda Mejia sold 2,136 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $63.70, for a total transaction of $136,063.20. Following the sale, the senior vice president now owns 25,721 shares in the company, valued at approximately $1,638,427.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Gary H. Pilnick sold 20,655 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $63.73, for a total value of $1,316,343.15. The disclosure for this sale can be found here. Insiders have sold a total of 625,291 shares of company stock worth $39,277,106 in the last quarter. 0.09% of the stock is currently owned by company insiders.

Kellogg Company 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.

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Institutional Ownership by Quarter for Kellogg (NYSE:K)

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