OmniStar Financial Group Inc. increased its holdings in shares of Kellogg (NYSE:K) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,844 shares of the company’s stock after buying an additional 255 shares during the period. OmniStar Financial Group Inc.’s holdings in Kellogg were worth $420,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in shares of Kellogg during the first quarter worth approximately $40,000. Acima Private Wealth LLC increased its stake in Kellogg by 90.6% in the first quarter. Acima Private Wealth LLC now owns 852 shares of the company’s stock valued at $49,000 after purchasing an additional 405 shares in the last quarter. Farmers National Bank bought a new stake in Kellogg in the first quarter valued at approximately $78,000. Nelson Roberts Investment Advisors LLC increased its stake in Kellogg by 102.3% in the first quarter. Nelson Roberts Investment Advisors LLC now owns 1,416 shares of the company’s stock valued at $81,000 after purchasing an additional 716 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Kellogg by 381.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,441 shares of the company’s stock valued at $83,000 after purchasing an additional 1,142 shares in the last quarter. 87.34% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Kellogg W. K. Foundation Trust sold 100,000 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $56.28, for a total transaction of $5,628,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 500,000 shares of company stock valued at $27,763,000 in the last quarter. Corporate insiders own 0.09% of the company’s stock.
Shares of Kellogg stock traded down $0.31 on Friday, hitting $62.18. The company had a trading volume of 1,645,059 shares, compared to its average volume of 3,102,813. The company has a market capitalization of $20.94 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 3.51 and a beta of 0.61. Kellogg has a twelve month low of $51.34 and a twelve month high of $74.98. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.70 and a quick ratio of 0.46. The company has a 50-day simple moving average of $57.09.
Kellogg (NYSE:K) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.08. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.41 billion. Kellogg had a net margin of 6.28% and a return on equity of 41.91%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. As a group, equities analysts predict that Kellogg will post 3.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, August 30th. This is a boost from Kellogg’s previous quarterly dividend of $0.56. Kellogg’s dividend payout ratio is 51.73%.
Kellogg Company Profile
Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Snacks, U.S. Morning Foods, U.S. Specialty Channels, North America Other, Europe, Latin America, and Asia Pacific segments. Its principal products include crackers, cookies, crisps and other savory snacks, toaster pastries, cereal bars, granola bars and bites, fruit-flavored snacks, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.
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