Kellogg Co (K): Ronald L Dissinger , Chief Financial Officer of Kellogg Co sold 50,000 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $77.02 per share for a total value of $3,850,855.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 16, 2016, James M Jenness (director) sold 4,170 shares at $77.45 per share price.On May 16, 2016, Alistair D Hirst (Senior Vice President) sold 9,830 shares at $77.21 per share price.Also, On Nov 30, 2015, Ronald L Dissinger (Chief Financial Officer) sold 40,600 shares at $69.25 per share price.On Nov 25, 2015, John A Bryant (director officer 10% owner (Chairman, Pres. & CEO) sold 133,180 shares at $67.85 per share price.
Shares of Kellogg Company (K) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.12 points or -0.16% at $77.19 with 23,78,564 shares getting traded. Post opening the session at $77.11, the shares hit an intraday low of $76.95 and an intraday high of $77.94 and the price vacillated in this range throughout the day. The company has a market cap of $27,020 M and the number of outstanding shares has been calculated to be 35,00,48,200 shares. The 52-week high of Kellogg Company is $78.1 and the 52-week low is $61.13.
Company has been under the radar of several Street Analysts.Kellogg Company is Reiterated by Credit Suisse to Outperform and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $82 .The Rating was issued on Apr 6, 2016.Kellogg Company is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Mar 16, 2016.
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.