Kellogg Company (K) : Catawba Capital Management Va reduced its stake in Kellogg Company by 16.25% during the most recent quarter end. The investment management company now holds a total of 2,835 shares of Kellogg Company which is valued at $216,424 after selling 550 shares in Kellogg Company , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Kellogg Company makes up approximately 0.05% of Catawba Capital Management Va’s portfolio.
Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in K by selling 847 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 64,392 shares of K which is valued at $4,915,685. Kellogg Company makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.New England Research Management reduced its stake in K by selling 400 shares or 2.45% in the most recent quarter. The Hedge Fund company now holds 15,932 shares of K which is valued at $1,213,700. Kellogg Company makes up approx 1.02% of New England Research Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in K by selling 19,958 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 289,896 shares of K which is valued at $22,084,277. Kellogg Company makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio.West Oak Capital boosted its stake in K in the latest quarter, The investment management firm added 195 additional shares and now holds a total of 2,949 shares of Kellogg Company which is valued at $224,655. Kellogg Company makes up approx 0.16% of West Oak Capital’s portfolio.Lvm Capital Management Ltdmi boosted its stake in K in the latest quarter, The investment management firm added 38,251 additional shares and now holds a total of 66,450 shares of Kellogg Company which is valued at $5,062,161. Kellogg Company makes up approx 1.60% of Lvm Capital Management Ltdmi’s portfolio.
Kellogg Company opened for trading at $76.06 and hit $76.85 on the upside on Friday, eventually ending the session at $76.34, with a gain of 0.49% or 0.37 points. The heightened volatility saw the trading volume jump to 21,90,804 shares. Company has a market cap of $26,739 M.
On the company’s financial health, Kellogg Company reported $0.91 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $0.91. The company had revenue of $3268.00 million for the quarter, compared to analysts expectations of $3362.13 million. The company’s revenue was down -6.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.
Many Wall Street Analysts have commented on Kellogg Company. Company shares were Reiterated by Citigroup on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 86 from a previous price target of $82 .Company shares were Reiterated by Credit Suisse on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 94 from a previous price target of $84 .
Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Companys principal products are ready-to-eat cereals and convenience foods such as cookies crackers savory snacks toaster pastries cereal bars fruit-flavored snacks frozen waffles and veggie foods. The Companys cereal products are generally marketed under the Kelloggs name and are sold to the grocery trade through direct sales forces for resale to consumers. The Company also markets cookies crackers crisps and other convenience foods under brands such as Kelloggs Keebler Cheez-It Murray Austin and Famous Amos to supermarkets in the United States through a direct store-door (DSD) delivery system although other distribution methods are also used. The Company uses broker and distributor arrangements for certain products. It also uses similar arrangements in less-developed market areas or in those market areas outside of its focus.