Kellogg Co (K) Shareholder Old Republic International Upped Stake; Kroger Co (KR) Holding Held by Raymond James Trust

January 19, 2018 - By Vivian Currie

Raymond James Trust increased its stake in Kroger Co (KR) by 107.22% based on its latest 2017Q3 regulatory filing with the SEC. Raymond James Trust bought 75,360 shares as the company’s stock declined 14.05% while stock markets rallied. The institutional investor held 145,645 shares of the food chains company at the end of 2017Q3, valued at $2.92M, up from 70,285 at the end of the previous reported quarter. Raymond James Trust who had been investing in Kroger Co for a number of months, seems to be bullish on the $25.61 billion market cap company. The stock increased 1.36% or $0.39 during the last trading session, reaching $29.06. About 10.56 million shares traded. The Kroger Co. (NYSE:KR) has declined 16.08% since January 19, 2017 and is downtrending. It has underperformed by 32.78% the S&P500.

Old Republic International Corp increased its stake in Kellogg Co (K) by 83.9% based on its latest 2017Q3 regulatory filing with the SEC. Old Republic International Corp bought 161,500 shares as the company’s stock declined 2.57% while stock markets rallied. The institutional investor held 354,000 shares of the packaged foods company at the end of 2017Q3, valued at $22.08M, up from 192,500 at the end of the previous reported quarter. Old Republic International Corp who had been investing in Kellogg Co for a number of months, seems to be bullish on the $22.73B market cap company. The stock decreased 1.07% or $0.71 during the last trading session, reaching $65.8. About 3.43M shares traded. Kellogg Company (NYSE:K) has declined 5.60% since January 19, 2017 and is downtrending. It has underperformed by 22.30% the S&P500.

Raymond James Trust, which manages about $1.40 billion US Long portfolio, decreased its stake in Automatic Data Processing (NASDAQ:ADP) by 3,323 shares to 41,416 shares, valued at $4.53M in 2017Q3, according to the filing. It also reduced its holding in Rydex (RSP) by 5,274 shares in the quarter, leaving it with 30,364 shares, and cut its stake in International Business Machines (NYSE:IBM).

Since December 19, 2017, it had 0 buys, and 1 insider sale for $446,327 activity.

Among 34 analysts covering Kroger (NYSE:KR), 16 have Buy rating, 0 Sell and 18 Hold. Therefore 47% are positive. Kroger had 98 analyst reports since August 25, 2015 according to SRatingsIntel. Vetr downgraded The Kroger Co. (NYSE:KR) on Thursday, September 3 to “Buy” rating. The rating was initiated by Piper Jaffray with “Underweight” on Tuesday, May 10. The firm earned “Market Perform” rating on Friday, December 1 by Telsey Advisory Group. The firm earned “Buy” rating on Thursday, October 12 by Pivotal Research. The rating was maintained by Credit Suisse with “Neutral” on Friday, January 22. As per Thursday, June 23, the company rating was upgraded by Hilliard Lyons. Pivotal Research maintained The Kroger Co. (NYSE:KR) rating on Friday, September 11. Pivotal Research has “Buy” rating and $46 target. Oppenheimer maintained the stock with “Buy” rating in Thursday, June 15 report. Citigroup maintained the stock with “Buy” rating in Tuesday, September 13 report. The stock has “Outperform” rating by RBC Capital Markets on Friday, October 13.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.12, from 1 in 2017Q2. It fall, as 94 investors sold KR shares while 232 reduced holdings. 91 funds opened positions while 196 raised stakes. 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. Hudock Cap Group Inc Ltd Liability Co reported 1,046 shares. Price T Rowe Associate Incorporated Md holds 0.04% in The Kroger Co. (NYSE:KR) or 12.12M shares. Louisiana State Employees Retirement Sys accumulated 56,000 shares or 0.05% of the stock. Auxier Asset Mgmt holds 1.64% or 401,663 shares. Westend Advsrs Ltd Liability Corporation holds 3.72% or 2.11 million shares in its portfolio. Wells Fargo Mn holds 3.97 million shares. Hutchin Hill Cap Lp reported 249,300 shares stake. 12,883 are held by Eqis Cap Inc. Old Bancorp In holds 0.17% of its portfolio in The Kroger Co. (NYSE:KR) for 158,318 shares. Mitsubishi Ufj And Bk owns 1.86 million shares. Blair William Com Il holds 0% or 19,429 shares. Washington Financial Bank stated it has 0.01% of its portfolio in The Kroger Co. (NYSE:KR). Quantbot Tech Limited Partnership owns 70,743 shares for 0.14% of their portfolio. Parkwood Ltd Llc reported 0.04% of its portfolio in The Kroger Co. (NYSE:KR). Rbf Capital Lc invested in 0.08% or 30,000 shares.

Among 23 analysts covering Kellogg Company (NYSE:K), 8 have Buy rating, 1 Sell and 14 Hold. Therefore 35% are positive. Kellogg Company had 62 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Monday, November 23. RBC Capital Markets maintained it with “Hold” rating and $81.0 target in Wednesday, October 18 report. RBC Capital Markets maintained Kellogg Company (NYSE:K) rating on Friday, August 4. RBC Capital Markets has “Sector Perform” rating and $81 target. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 25 report. The firm has “Outperform” rating given on Friday, January 8 by CLSA. The stock of Kellogg Company (NYSE:K) has “Hold” rating given on Wednesday, February 15 by Deutsche Bank. The stock has “Hold” rating by RBC Capital Markets on Tuesday, September 5. Societe Generale upgraded Kellogg Company (NYSE:K) on Wednesday, August 5 to “Hold” rating. The rating was maintained by Credit Suisse on Thursday, July 21 with “Outperform”. The firm has “Neutral” rating by UBS given on Friday, May 5.

Investors sentiment increased to 0.86 in Q3 2017. Its up 0.03, from 0.83 in 2017Q2. It is positive, as 60 investors sold K shares while 205 reduced holdings. 47 funds opened positions while 180 raised stakes. 307.00 million shares or 3.54% more from 296.50 million shares in 2017Q2 were reported. Cornerstone Management Hldg Limited Liability holds 0.02% of its portfolio in Kellogg Company (NYSE:K) for 42,658 shares. Kellogg W K Foundation Trust holds 96.08% or 67.93M shares in its portfolio. Northern Tru reported 3.73M shares or 0.06% of all its holdings. Us Fincl Bank De has 106,589 shares. 63 are owned by Fred Alger Management. 45,379 are held by Exxonmobil Mgmt Incorporated Tx. Credit Suisse Ag reported 0.04% in Kellogg Company (NYSE:K). Nomura Asset Mngmt Limited holds 113,302 shares or 0.09% of its portfolio. The Ontario – Canada-based Sun Life has invested 0.08% in Kellogg Company (NYSE:K). The California-based Stonebridge Mgmt has invested 0.47% in Kellogg Company (NYSE:K). 852,486 were reported by Hotchkis Wiley Capital Mgmt Ltd Liability. Guardian Life Insur Of America reported 0.01% stake. Next Finance Grp holds 0.02% or 1,253 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt holds 0.03% of its portfolio in Kellogg Company (NYSE:K) for 5,068 shares. Lvm Mngmt Limited Mi invested 0.39% of its portfolio in Kellogg Company (NYSE:K).

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