Simplex Trading buys $6,949,243 stake in Kellogg Company (K)

Kellogg Company (K) : Simplex Trading scooped up 82,214 additional shares in Kellogg Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 84,479 shares of Kellogg Company which is valued at $6,949,243.Kellogg Company makes up approximately 0.88% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. added K to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $205,650. Kellogg Company makes up approx 0.10% of Fox Run Management L.l.c.’s portfolio.Nisa Investment Advisors boosted its stake in K in the latest quarter, The investment management firm added 1,190 additional shares and now holds a total of 75,827 shares of Kellogg Company which is valued at $6,491,549. Kellogg Company makes up approx 0.08% of Nisa Investment Advisors’s portfolio.Cutler Group Lp reduced its stake in K by selling 3,060 shares or 41.72% in the most recent quarter. The Hedge Fund company now holds 4,275 shares of K which is valued at $355,295. Kellogg Company makes up approx 0.02% of Cutler Group Lp’s portfolio.West Oak Capital boosted its stake in K in the latest quarter, The investment management firm added 754 additional shares and now holds a total of 2,754 shares of Kellogg Company which is valued at $227,591. Kellogg Company makes up approx 0.16% of West Oak Capital’s portfolio.

Kellogg Company closed down -4.72 points or -5.43% at $82.26 with 83,05,049 shares getting traded on Wednesday. Post opening the session at $86.9, the shares hit an intraday low of $82.19 and an intraday high of $87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Kellogg Company reported $0.97 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.94. The company had revenue of $3395.00 million for the quarter, compared to analysts expectations of $3466.55 million. The company’s revenue was down -4.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

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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