Kellogg Company (K) : Campbell Newman Asset Management Inc added new position in Kellogg Company during the most recent quarter end. The investment management firm now holds 241,469 shares of Kellogg Company which is valued at $18,725,921 , the company said in a statement filed on Apr 14, 2016 with the SEC.Kellogg Company makes up approximately 3.85% of Campbell Newman Asset Management Inc’s portfolio.
Kellogg Company opened for trading at $77.41 and hit $77.85 on the upside on Monday, eventually ending the session at $77.67, with a gain of 0.15% or 0.12 points. The heightened volatility saw the trading volume jump to 13,99,189 shares. Company has a market cap of $27,204 M.
Other Hedge Funds, Including , Berkshire Asset Managementpa boosted its stake in K in the latest quarter, The investment management firm added 5,051 additional shares and now holds a total of 32,229 shares of Kellogg Company which is valued at $2,499,359. Kellogg Company makes up approx 0.38% of Berkshire Asset Managementpa’s portfolio.Somerset Trust Co boosted its stake in K in the latest quarter, The investment management firm added 365 additional shares and now holds a total of 14,208 shares of Kellogg Company which is valued at $1,101,830. Kellogg Company makes up approx 0.72% of Somerset Trust Co’s portfolio.Capstone Asset Management Co reduced its stake in K by selling 10,283 shares or 20.85% in the most recent quarter. The Hedge Fund company now holds 39,039 shares of K which is valued at $3,027,474. Kellogg Company makes up approx 0.09% of Capstone Asset Management Co’s portfolio.Jlb Associates Inc reduced its stake in K by selling 495 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 63,814 shares of K which is valued at $4,913,040. Kellogg Company makes up approx 1.45% of Jlb Associates Inc’s portfolio.
On the company’s financial health, Kellogg Company reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.74. The company had revenue of $3142.00 million for the quarter, compared to analysts expectations of $3142.30 million. The company’s revenue was down -10.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.
Many Wall Street Analysts have commented on Kellogg Company. Company shares were Reiterated by Credit Suisse on Apr 6, 2016 to “Outperform”, Firm has raised the Price Target to $ 86 from a previous price target of $82 .Kellogg Company was Upgraded by Goldman to ” Neutral” on Mar 16, 2016. Company shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 78 from a previous price target of $74 .
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.