American International Group Inc Decreased Stake in Kellogg Co (NYSE:K) by $366.77 Million as Shares Rose

American International Group Inc decreased its stake in Kellogg Co (NYSE:K) by 94.75% based on its latest Q4 2015 regulatory filing with the SEC. American International Group Inc sold 5.09M shares as the company’s stock rose 9.10% with the market. The institutional investor held 282,084 shares of the packaged foods company at the end of Q4, valued at $20.39 million, down from 5.38 million at the end of the previous reported quarter. American International Group Inc who had been investing in Kellogg Co since many months, could be less bullish the $25.92B market cap company. The stock increased 3.98% or $2.82 on February 11, hitting $73.69. About 5.27 million shares traded hands or 174.48% up from the average. Kellogg Company (NYSE:K) has risen 11.28% since July 8, 2015 and is uptrending. It has outperformed by 20.79% the S&P500.

American International Group Inc, which manages about $24.32B US Long portfolio, upped its stake in Kohls Corp (NYSE:KSS) by 7.32M shares to 7.40M shares, valued at $352.49 million in Q4, according to the filing. It also increased its holding in United Technologies Corp (NYSE:UTX) by 108,947 shares in the quarter, for total 457,503 shares, and risen its stake in Emerson Elec Co (NYSE:EMR).

The institutional sentiment increased to 0.97 in 2015 Q3. Its up 0.13, from 0.84 in 2015Q2. The ratio increased, as 47 funds sold all K shares owned while 221 reduced positions. 56 funds bought stakes while 205 increased positions. They now own 283.63 million shares or 0.88% more from 281.16 million shares in 2015Q2.

Bronson Point Management Llc holds 2.05% of its portfolio in K for 104,000 shares. Bontempo Ohly Capital Mgmt Llc owns 25,870 shares or 1.74% of their US portfolio. Moreover, Rodgers Brothers Inc. has 1.69% invested in the company for 50,473 shares. The North Carolina-based Cardinal Capital Management has invested 1.67% in the stock. Lvm Capital Management Ltd Mi, a Michigan-based fund reported 66,662 shares.

Since August 7, 2015, the stock had 0 buys, and 4 sales for $25.05 million net activity. Kellogg W K Foundation Trust sold 184,424 shares worth $13.13 million. Korologos Ann Mclaughlin sold 4,895 shares worth $324,033. Dillon John T sold 3,165 shares worth $217,025. Pilnick Gary H sold 92,285 shares worth $6.35M.

Out of 16 analysts covering Kellogg Company (NYSE:K), 5 rate it “Buy”, 3 “Sell”, while 12 “Hold”. This means 25% are positive. $80 is the highest target while $62 is the lowest. The $72.44 average target is 1.18% above today’s ($73.69) stock price. Kellogg Company was the topic in 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Credit Agricole upgraded the stock on January 8 to “Outperform” rating. Buckingham Research initiated it with “Buy” rating and $80 target price in an October 19 report. Morgan Stanley upgraded the shares of K in a report on December 8 to “Equal-Weight” rating. S&P Research maintained the firm’s rating on August 5. S&P Research has “Hold” rating and $69 price target. Finally, Susquehanna initiated the stock with “Neutral” rating in an October 26 report.

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The company has a market cap of $25.92 billion. The Company’s 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. It has 72.64 P/E ratio. The Company’s cereal products are generally marketed under the Kellogg’s name and are sold to the grocery trade through direct sales forces for resale to consumers.

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