Capital Wealth Planning LLC Invests $287,000 in Kellogg Company (K)

Capital Wealth Planning LLC bought a new position in Kellogg Company (NYSE:K) during the third quarter, Holdings Channel reports. The firm bought 3,700 shares of the company’s stock, valued at approximately $287,000.

Other large investors have also bought and sold shares of the company. Country Trust Bank raised its stake in Kellogg Company by 12.9% in the third quarter. Country Trust Bank now owns 1,312 shares of the company’s stock worth $102,000 after buying an additional 150 shares during the last quarter. Mark Sheptoff Financial Planning LLC raised its stake in Kellogg Company by 10.6% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 1,570 shares of the company’s stock worth $122,000 after buying an additional 150 shares during the last quarter. Washington Trust Bank raised its stake in Kellogg Company by 1.9% in the third quarter. Washington Trust Bank now owns 1,799 shares of the company’s stock worth $139,000 after buying an additional 34 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Kellogg Company by 0.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,204 shares of the company’s stock worth $171,000 after buying an additional 15 shares during the last quarter. Finally, Physicians Financial Services Inc. raised its stake in Kellogg Company by 171.7% in the third quarter. Physicians Financial Services Inc. now owns 2,532 shares of the company’s stock worth $196,000 after buying an additional 1,600 shares during the last quarter. 81.48% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Kellogg Company (NYSE:K)

Kellogg Company (NYSE:K) opened at 76.00 on Friday. Kellogg Company has a 12-month low of $70.74 and a 12-month high of $87.16. The firm has a market cap of $26.67 billion, a P/E ratio of 38.25 and a beta of 0.53. The firm’s 50-day moving average is $72.88 and its 200 day moving average is $76.15.

Kellogg Company (NYSE:K) last issued its earnings results on Thursday, February 9th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.07. Kellogg Company had a net margin of 5.33% and a return on equity of 66.33%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business earned $0.79 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. Equities analysts forecast that Kellogg Company will post $3.98 earnings per share for the current year.

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A number of brokerages have recently issued reports on K. Credit Suisse Group set a $77.00 price target on shares of Kellogg Company and gave the stock a “hold” rating in a research report on Tuesday, January 17th. RBC Capital Markets boosted their price target on shares of Kellogg Company from $84.00 to $87.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Kellogg Company from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. Kellogg Company has a consensus rating of “Hold” and a consensus price target of $82.00.

About Kellogg Company

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s products include cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods. Its segments include U.S. Morning Foods; U.S. Snacks; U.S.

5 Day Chart for NYSE:K

Want to see what other hedge funds are holding K? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kellogg Company (NYSE:K).

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