Cleararc Capital Inc. Decreases Stake in Kellogg Company (K)

Cleararc Capital Inc. reduced its stake in Kellogg Company (NYSE:K) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 6,149 shares of the company’s stock after selling 35 shares during the period. Cleararc Capital Inc.’s holdings in Kellogg Company were worth $453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Kellogg Company by 4.5% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 27,975 shares of the company’s stock valued at $2,062,000 after buying an additional 1,210 shares during the period. Hall Capital Management Co. Inc. bought a new stake in shares of Kellogg Company during the fourth quarter valued at about $575,000. State Board of Administration of Florida Retirement System increased its stake in shares of Kellogg Company by 0.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 385,582 shares of the company’s stock valued at $28,421,000 after buying an additional 1,855 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of Kellogg Company by 16.5% in the fourth quarter. Cadence Capital Management LLC now owns 32,538 shares of the company’s stock valued at $2,398,000 after buying an additional 4,605 shares in the last quarter. Finally, Ffcm LLC bought a new stake in shares of Kellogg Company during the fourth quarter valued at about $496,000. 81.55% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Kellogg Company (NYSE:K) traded up 0.17% during trading on Tuesday, reaching $75.75. 706,913 shares of the company’s stock were exchanged. The company has a market capitalization of $26.59 billion, a PE ratio of 38.65 and a beta of 0.53. The company has a 50 day moving average price of $72.94 and a 200-day moving average price of $76.02. Kellogg Company has a 52-week low of $70.74 and a 52-week high of $87.16.

Kellogg Company (NYSE:K) last released its earnings results on Thursday, February 9th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.07. The business earned $3.10 billion during the quarter, compared to the consensus estimate of $3.08 billion. Kellogg Company had a net margin of 5.33% and a return on equity of 66.33%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 earnings per share. On average, equities analysts forecast that Kellogg Company will post $3.95 earnings per share for the current year.

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Several analysts recently issued reports on the company. TheStreet downgraded Kellogg Company from a “b” rating to a “c+” rating in a report on Thursday, February 9th. RBC Capital Markets increased their price target on Kellogg Company from $84.00 to $87.00 and gave the company a “sector perform” rating in a report on Friday. Zacks Investment Research upgraded Kellogg Company from a “sell” rating to a “hold” rating in a report on Tuesday, January 31st. Finally, Credit Suisse Group set a $77.00 price target on Kellogg Company and gave the company a “hold” rating in a report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price 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

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