Shelton Capital Management buys $12,415,903 stake in Kellogg Company (K)

Kellogg Company (K) : Shelton Capital Management scooped up 60,164 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 171,183 shares of Kellogg Company which is valued at $12,415,903.Kellogg Company makes up approximately 1.21% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in K in the latest quarter, The investment management firm added 77,191 additional shares and now holds a total of 762,176 shares of Kellogg Company which is valued at $55,280,625. Kellogg Company makes up approx 0.08% of Parametric Portfolio Associates’s portfolio.Teacher Retirement System Of Texas reduced its stake in K by selling 12,138 shares or 43.94% in the most recent quarter. The Hedge Fund company now holds 15,486 shares of K which is valued at $1,140,854. Kellogg Company makes up approx 0.01% of Teacher Retirement System Of Texas’s portfolio.Great West Life Assurance Co Can boosted its stake in K in the latest quarter, The investment management firm added 5,814 additional shares and now holds a total of 284,040 shares of Kellogg Company which is valued at $21,197,905. Kellogg Company makes up approx 0.06% of Great West Life Assurance Co Can’s portfolio.Conning boosted its stake in K in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 6,999 shares of Kellogg Company which is valued at $519,396. Kellogg Company makes up approx 0.02% of Conning’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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