Shelton Capital Management Decreased Kellogg Co (K) Stake by $3.59 Million as Shares Declined

April 17, 2018 - By Patrick Harkless

Kellogg Company (NYSE:K) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 0.91. That’s change of 0.05, from 2017Q3’s 0.86. 60 investors sold all, 212 reduced holdings as K ratio increased. 166 rose positions while 82 funds took positions. Funds hold 309.07 million shares thus 0.67% more from 2017Q3’s 307.00 million shares. Alpha Windward Ltd holds 2,768 shs. Ls Invest Advisors Lc reported 0.05% in Kellogg Company (NYSE:K). Murphy Cap Mngmt holds 0.04% in Kellogg Company (NYSE:K) or 3,900 shs. Jones Cos Lllp owns 8,910 shs. Advisor Partners Ltd Com reported 3,709 shs. Cibc Asset Management stated it has 0.02% of its capital in Kellogg Company (NYSE:K). Gotham Asset Management Limited Liability Co holds 223,174 shs. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.02% or 22,249 shs in its capital. Moreover, Autus Asset Management Limited Liability Corporation has 0.04% invested in Kellogg Company (NYSE:K) for 3,300 shs. Royal Bank & Trust Of Canada reported 695,925 shs or 0.02% of all its holdings. Moreover, Fairfield Bush And has 0.06% invested in Kellogg Company (NYSE:K). Principal Fincl Gp holds 362,615 shs or 0.02% of its capital. State Farm Mutual Automobile Insur stated it has 6.35 million shs. Moreover, Tower Lc (Trc) has 0.01% invested in Kellogg Company (NYSE:K). Farmers Bancshares stated it has 0.44% in Kellogg Company (NYSE:K).

K had 6 selling transactions and 0 buys since December 13, 2017. This’s net activity of $165.21 billion.

In Kellogg Co (K) was decreased the holdings owned by Shelton Capital Management. The reduction is 17.78% according to 2017Q4 Securities and Exchange form. The company’s stock sank 5.46% while Shelton Capital Management sold 53,600 shares. The packaged foods company announced $16.85 million value for the 2017Q4. Now the institutional investor is holding 247,816 shares, compared to the 301,416 from the previous quarter. Kellogg Co has $22.13B market cap. The stock increased 0.05% or $0.03 during the last trading session, reaching $63.86.Kellogg Company has volume of 258,945 shares. Since April 17, 2017 K has declined 11.27% and is downtrending. K underperformed the S&P 500 by 22.82%.

A portfolio of $1.01B and $1.56 billion is managed by Shelton Capital Management. As it’s reported in Securities and Exchange form the stake in Bank New York Mellon Corp (NYSE:BK) is upped by 61,100 shares to 92,242 shares. They are valued at $4.97M in 2017Q4. For a total of 94,776 shares it increased its holding in Amgen Inc (NASDAQ:AMGN) by 22,483 shares in the quarter, and has risen its stake in Franklin Res Inc (Put) (NYSE:BEN).

Analysts await Kellogg Company (NYSE:K) to report earnings on May, 3. They expect $1.07 earnings per share, up 0.94 % or $0.01 from last year’s $1.06 per share. K’s profit will be $370.85M for 14.92 P/E if the $1.07 EPS becomes a reality. After $0.96 actual earnings per share reported by Kellogg Company for the previous quarter, Wall Street now forecasts 11.46 % EPS growth.

Kellogg Company (NYSE:K) Ratings Coverage

Total analysts of 12 have positions in Kellogg (NYSE:K) as follows: 5 rated it a “Buy”, 2 with “Sell” and 5 with “Hold”. The positive are 42%. Since October 18, 2017 according to StockzIntelligence Inc Kellogg has 21 analyst reports. The stock rating was upgraded by Argus Research to “Buy” on Wednesday, November 22. The stock rating was maintained by RBC Capital Markets with “Hold” on Wednesday, October 18. On Wednesday, November 1 the firm earned “Buy” rating by Buckingham Research. On Wednesday, October 25 RBC Capital Markets maintained the shares of K in report with “Hold” rating. In Friday, February 9 report Citigroup maintained the stock with “Buy” rating. The stock rating was maintained by RBC Capital Markets with “Hold” on Friday, February 9. The stock rating was maintained by Credit Suisse with “Neutral” on Friday, October 20. On Tuesday, October 31 Piper Jaffray maintained the shares of K in report with “Hold” rating. On Monday, April 16 the stock of Kellogg Company (NYSE:K) earned “Hold” rating by Credit Suisse. On Friday, February 9 the firm earned “Equal-Weight” rating by Morgan Stanley.

Kellogg Company (NYSE:K) Institutional Investors Chart

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