Kellogg Company (NYSE:K) has tumbled 1.73% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.32% in the last four weeks. The stocks have underperformed the S&P 500 by 0.55% during the past week but Kellogg Company (NYSE:K) it has outperformed the index in 4 weeks by 2.38%.
Kellogg Company (NYSE:K): The stock opened at $76.97 on Friday but the bulls could not build on the opening and the stock topped out at $76.98 for the day. The stock traded down to $75.95 during the day, due to lack of any buying support eventually closed down at $76.77 with a loss of -0.34% for the day. The stock had closed at $77.03 on the previous day. The total traded volume was 1,863,609 shares.
The company shares have rallied 21.09% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $78.26 and the one year low was seen on Jul 1, 2015. The 50-Day Moving Average price is $75.88 and the 200 Day Moving Average price is recorded at $74.24.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Dissinger Ronald L, officer (Chief Financial Officer) of Kellogg Co, had unloaded 50,000 shares at an average price of $77.02 in a transaction dated on May 12, 2016. The total value of the transaction was worth $3,851,000.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Kellogg Company (NYSE:K). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $90 per share from a prior target of $84. The rating by the firm was issued on April 14, 2016. Currently the company Insiders own 8.8% of Kellogg Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.5% . Institutional Investors own 82.56% of Kellogg Company shares. During last six month period, the net percent change held by insiders has seen a change of -0.96%.
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.