Samlyn Capital buys $85,832,002 stake in Kellogg Company (K)

Kellogg Company (K) : Samlyn Capital scooped up 536,500 additional shares in Kellogg Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,183,400 shares of Kellogg Company which is valued at $85,832,002.Kellogg Company makes up approximately 2.13% of Samlyn Capital’s portfolio.

Other Hedge Funds, Including , Willis Investment Counsel boosted its stake in K in the latest quarter, The investment management firm added 36,100 additional shares and now holds a total of 93,425 shares of Kellogg Company which is valued at $6,776,115. Kellogg Company makes up approx 0.54% of Willis Investment Counsel’s portfolio. Zevin Asset Management sold out all of its stake in K during the most recent quarter. The investment firm sold 3,950 shares of K which is valued $296,053.First Personal Financial Services reduced its stake in K by selling 315 shares or 54.4% in the most recent quarter. The Hedge Fund company now holds 264 shares of K which is valued at $19,787. Kellogg Company makes up approx 0.01% of First Personal Financial Services’s portfolio.

Kellogg Company closed down -0.37 points or -0.50% at $73.07 with 11,83,170 shares getting traded on Monday. Post opening the session at $73.35, the shares hit an intraday low of $72.835 and an intraday high of $73.54 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Kellogg Company reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.87. The company had revenue of $3254.00 million for the quarter, compared to analysts expectations of $3269.32 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

Investors should note that on Oct 21, 2016, Kellogg Company announced a cash dividend of $0.5200. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s 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 Company’s cereal products are generally marketed under the Kellogg’s 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 Kellogg’s 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.

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