Kellogg Company (K) Stake Held by Fifth Third Bancorp

Fifth Third Bancorp maintained its position in shares of Kellogg Company (NYSE:K) during the fourth quarter, Holdings Channel reports. The firm owned 71,020 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Kellogg Company were worth $5,502,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of K. Country Trust Bank increased its position in shares of 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 in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of 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 in the last quarter. Washington Trust Bank increased its position in shares of 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 in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 in the last quarter. Finally, Enterprise Financial Services Corp increased its position in shares of Kellogg Company by 415.9% in the second quarter. Enterprise Financial Services Corp now owns 2,461 shares of the company’s stock worth $201,000 after buying an additional 1,984 shares in the last quarter. Institutional investors and hedge funds own 81.55% of the company’s stock.

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

Kellogg Company (NYSE:K) traded up 0.21% on Tuesday, hitting $75.78. 630,819 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $72.94 and its 200-day moving average price is $76.02. Kellogg Company has a 12-month low of $70.74 and a 12-month high of $87.16. The company has a market cap of $26.60 billion, a PE ratio of 38.66 and a beta of 0.53.

Kellogg Company (NYSE:K) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.07. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.08 billion. Kellogg Company had a net margin of 5.33% and a return on equity of 66.33%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. Analysts forecast that Kellogg Company will post $3.95 earnings per share for the current year.

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A number of brokerages have commented on K. TheStreet downgraded shares of Kellogg Company from a “b” rating to a “c+” rating in a research note on Thursday, February 9th. RBC Capital Markets upped 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. Zacks Investment Research raised shares of Kellogg Company from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Kellogg Company presently 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

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