Bank Amer (BAC) Stake Has Boosted by National Mutual Insurance Federation Of Agricultural Cooperatives; As Kellogg Co (K) Stock Declined, Old Republic International Raised Its Holding

January 19, 2018 - By Michael Collier

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 $23.00 billion market cap company. The stock increased 1.19% or $0.7852 during the last trading session, reaching $66.5852. About 1.32M 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.

National Mutual Insurance Federation Of Agricultural Cooperatives increased its stake in Bank Amer Corp (BAC) by 19.62% based on its latest 2017Q3 regulatory filing with the SEC. National Mutual Insurance Federation Of Agricultural Cooperatives bought 20,500 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 125,000 shares of the major banks company at the end of 2017Q3, valued at $3.17 million, up from 104,500 at the end of the previous reported quarter. National Mutual Insurance Federation Of Agricultural Cooperatives who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $330.08B market cap company. The stock increased 0.52% or $0.165 during the last trading session, reaching $31.645. About 47.01M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 19, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Arbor Inv Advisors Ltd Liability has invested 0.18% in Bank of America Corporation (NYSE:BAC). 1.45M were accumulated by Cooke Bieler L P. Co Of Vermont reported 0.1% of its portfolio in Bank of America Corporation (NYSE:BAC). Mechanics Bancorporation Department owns 0.08% invested in Bank of America Corporation (NYSE:BAC) for 12,520 shares. Apriem Advsr invested in 1.11% or 176,364 shares. Stieven Cap Advisors LP invested 1.84% in Bank of America Corporation (NYSE:BAC). Bancshares Pictet Cie (Asia) accumulated 10,000 shares. Schroder Inv Mngmt Grp invested in 10.62M shares or 0.47% of the stock. First Natl Bank Tru Communications Of Newtown holds 0.33% or 46,783 shares. Rockefeller Services Inc has invested 0.02% of its portfolio in Bank of America Corporation (NYSE:BAC). Train Babcock Advisors Limited Liability Com holds 0.66% or 46,714 shares. Fifth Third Bancorp invested 0.82% in Bank of America Corporation (NYSE:BAC). Pure Fincl Advisors Inc owns 12,677 shares for 0.08% of their portfolio. Douglass Winthrop Ltd Co holds 0.03% or 17,407 shares. Payden & Rygel has invested 1.41% in Bank of America Corporation (NYSE:BAC).

Since August 10, 2017, it had 0 insider purchases, and 1 insider sale for $2.10 million activity.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 104 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein upgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, August 25. Bernstein has “Mkt Perform” rating and $19.0 target. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, November 29. Renaissance Macro Securities LLC maintained the stock with “Buy” rating in Sunday, July 23 report. Robert W. Baird maintained Bank of America Corporation (NYSE:BAC) rating on Friday, August 25. Robert W. Baird has “Hold” rating and $24.0 target. The company was maintained on Tuesday, December 12 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Wednesday, December 20 by Wells Fargo. As per Wednesday, December 6, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $28.0 target in Friday, October 13 report. The firm earned “Buy” rating on Wednesday, August 30 by RBC Capital Markets. Berenberg initiated Bank of America Corporation (NYSE:BAC) on Wednesday, July 13 with “Buy” rating.

National Mutual Insurance Federation Of Agricultural Cooperatives, which manages about $4.94B US Long portfolio, decreased its stake in Netflix Inc (NASDAQ:NFLX) by 2,900 shares to 14,100 shares, valued at $2.56 million in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 6,300 shares in the quarter, leaving it with 52,100 shares, and cut its stake in Autozone Inc (NYSE:AZO).

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 company was maintained on Friday, May 5 by RBC Capital Markets. The stock of Kellogg Company (NYSE:K) has “Outperform” rating given on Monday, November 23 by Credit Suisse. Bernstein maintained Kellogg Company (NYSE:K) on Tuesday, June 27 with “Sell” rating. The firm has “Buy” rating given on Monday, October 19 by Buckingham Research. Credit Suisse maintained Kellogg Company (NYSE:K) rating on Thursday, July 21. Credit Suisse has “Outperform” rating and $94 target. On Wednesday, November 1 the stock rating was maintained by RBC Capital Markets with “Hold”. As per Monday, September 4, the company rating was maintained by Stifel Nicolaus. The stock of Kellogg Company (NYSE:K) has “Buy” rating given on Friday, August 5 by Citigroup. The firm has “Neutral” rating given on Tuesday, September 19 by PiperJaffray. On Thursday, August 3 the stock rating was maintained by Susquehanna with “Hold”.

Since December 13, 2017, it had 0 insider purchases, and 1 insider sale for $165.17 billion activity.

Investors sentiment increased to 0.86 in Q3 2017. Its up 0.03, from 0.83 in 2017Q2. It improved, 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. Diversified accumulated 0.12% or 25,345 shares. Hightower Advsrs Llc, Illinois-based fund reported 16,074 shares. Retirement Sys Of Alabama reported 120,559 shares. Grandfield & Dodd Ltd Co reported 0.03% stake. Norinchukin Financial Bank The holds 19,216 shares or 0.02% of its portfolio. Cibc Ww Markets Inc holds 32,173 shares or 0.01% of its portfolio. West Oak Capital Llc reported 0.07% of its portfolio in Kellogg Company (NYSE:K). Naples Global Advsrs Llc invested in 4,119 shares. Bank & Trust Of Montreal Can invested in 0.03% or 553,660 shares. Da Davidson And holds 0.01% of its portfolio in Kellogg Company (NYSE:K) for 11,759 shares. Icon Advisers Inc invested in 4,500 shares. Wellington Grp Incorporated Ltd Liability Partnership owns 323,920 shares. Tower Bridge Advisors stated it has 0.05% of its portfolio in Kellogg Company (NYSE:K). Barbara Oil, Illinois-based fund reported 17,500 shares. 1St Source Retail Bank holds 3,733 shares or 0.02% of its portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: