683 Capital Management Holds Holding in Kellogg Co (Put) (K); Everest Re Group LTD (RE) Share Price Rose While Grantham Mayo Van Otterloo & Co Has Trimmed Its Holding by $5.72 Million

May 12, 2018 - By Nellie Frank

Kellogg Company (NYSE:K) Logo

Grantham Mayo Van Otterloo & Co Llc decreased its stake in Everest Re Group Ltd (RE) by 94.87% based on its latest 2017Q4 regulatory filing with the SEC. Grantham Mayo Van Otterloo & Co Llc sold 25,904 shares as the company’s stock rose 14.50% while stock markets declined. The institutional investor held 1,400 shares of the finance company at the end of 2017Q4, valued at $310,000, down from 27,304 at the end of the previous reported quarter. Grantham Mayo Van Otterloo & Co Llc who had been investing in Everest Re Group Ltd for a number of months, seems to be less bullish one the $9.36B market cap company. The stock increased 0.04% or $0.1 during the last trading session, reaching $228.29. About 164,461 shares traded. Everest Re Group, Ltd. (NYSE:RE) has risen 8.17% since May 12, 2017 and is uptrending. It has underperformed by 3.38% the S&P500.

683 Capital Management Llc increased its stake in Kellogg Co (Put) (K) by 100% based on its latest 2017Q4 regulatory filing with the SEC. 683 Capital Management Llc bought 100,000 shares as the company’s stock declined 5.46% with the market. The hedge fund held 200,000 shares of the packaged foods company at the end of 2017Q4, valued at $13.60 million, up from 100,000 at the end of the previous reported quarter. 683 Capital Management Llc who had been investing in Kellogg Co (Put) for a number of months, seems to be bullish on the $21.29B market cap company. The stock increased 0.57% or $0.35 during the last trading session, reaching $61.39. About 2.20 million shares traded. Kellogg Company (NYSE:K) has declined 11.27% since May 12, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

683 Capital Management Llc, which manages about $566.08 million and $1.19B US Long portfolio, decreased its stake in Blackstone Group LP (NYSE:BX) by 30,000 shares to 170,000 shares, valued at $5.44 million in 2017Q4, according to the filing. It also reduced its holding in Immunomedics Inc (NASDAQ:IMMU) by 145,000 shares in the quarter, leaving it with 80,000 shares, and cut its stake in Irsa Inversiones Y Rep S A (NYSE:IRS).

Since December 13, 2017, it had 0 insider purchases, and 7 insider sales for $165.22 billion activity.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.05, from 0.86 in 2017Q3. It increased, as 60 investors sold K shares while 212 reduced holdings. 82 funds opened positions while 166 raised stakes. 309.07 million shares or 0.67% more from 307.00 million shares in 2017Q3 were reported. Pittenger Anderson invested in 23,160 shares or 0.14% of the stock. Jpmorgan Chase & accumulated 568,369 shares or 0.01% of the stock. First Manhattan Communications accumulated 0.04% or 106,133 shares. Bnp Paribas Arbitrage reported 1.66 million shares. 170 are held by Gemmer Asset Mngmt Ltd Liability Corp. Lsv Asset holds 0.13% or 1.17M shares in its portfolio. Kentucky Retirement Sys reported 15,339 shares stake. Manchester Ltd Llc reported 0.01% stake. Thrivent For Lutherans has invested 0% in Kellogg Company (NYSE:K). Impax Asset Management Lc reported 54,137 shares or 0.21% of all its holdings. Tci Wealth Advsrs, a Arizona-based fund reported 192 shares. Bb&T Securities Ltd Liability Com owns 69,945 shares for 0.06% of their portfolio. Qci Asset Ny, New York-based fund reported 203 shares. Moreover, Grandfield And Dodd Ltd has 0.03% invested in Kellogg Company (NYSE:K). Vantage Investment Limited Co accumulated 134 shares.

Among 27 analysts covering Kellogg Company (NYSE:K), 10 have Buy rating, 3 Sell and 14 Hold. Therefore 37% are positive. Kellogg Company had 79 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 18 by Morgan Stanley. The firm has “Buy” rating by Argus Research given on Wednesday, November 22. The firm has “Hold” rating by Susquehanna given on Wednesday, June 14. RBC Capital Markets maintained Kellogg Company (NYSE:K) on Friday, August 5 with “Sector Perform” rating. As per Monday, September 4, the company rating was maintained by Stifel Nicolaus. The stock has “Outperform” rating by Credit Agricole on Friday, January 8. The firm has “Neutral” rating by Credit Suisse given on Wednesday, December 7. The company was initiated on Monday, October 19 by Buckingham Research. JP Morgan maintained the stock with “Overweight” rating in Tuesday, May 1 report. Citigroup upgraded Kellogg Company (NYSE:K) on Wednesday, August 5 to “Buy” rating.

More notable recent Kellogg Company (NYSE:K) news were published by: Seekingalpha.com which released: “Kellogg (K) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018, also Seekingalpha.com with their article: “Kellogg: Great Time To Buy” published on May 07, 2018, Benzinga.com published: “Kellogg Reports Q1 EPS, Sales Beat” on May 03, 2018. More interesting news about Kellogg Company (NYSE:K) were released by: Prnewswire.com and their article: “Prescience Point Capital Management Issues Negative Report on Kellogg Company (NYSE: K), Argues Shares Could …” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “Kellogg: An Unlikely Growth Company?” with publication date: May 09, 2018.

Grantham Mayo Van Otterloo & Co Llc, which manages about $16.95 billion US Long portfolio, upped its stake in First Amern Finl Corp (NYSE:FAF) by 12,000 shares to 80,176 shares, valued at $4.49M in 2017Q4, according to the filing. It also increased its holding in Liberty Tripadvisor Hldgs In (NASDAQ:LTRPA) by 46,600 shares in the quarter, for a total of 75,800 shares, and has risen its stake in Glaxosmithkline Plc (NYSE:GSK).

Among 9 analysts covering Everest Re Group Ltd (NYSE:RE), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Everest Re Group Ltd had 26 analyst reports since July 30, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of RE in report on Monday, September 18 with “Sell” rating. On Monday, July 24 the stock rating was maintained by Wells Fargo with “Hold”. The firm earned “Hold” rating on Tuesday, February 6 by Keefe Bruyette & Woods. The rating was upgraded by Keefe Bruyette & Woods to “Hold” on Monday, November 27. The stock of Everest Re Group, Ltd. (NYSE:RE) has “Buy” rating given on Thursday, May 12 by Deutsche Bank. The firm earned “Hold” rating on Tuesday, January 9 by Wells Fargo. The firm has “Hold” rating given on Monday, September 11 by Buckingham Research. UBS maintained Everest Re Group, Ltd. (NYSE:RE) rating on Monday, November 6. UBS has “Neutral” rating and $245 target. Keefe Bruyette & Woods maintained the stock with “Sell” rating in Thursday, October 12 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, December 4.

Investors sentiment decreased to 0.8 in Q4 2017. Its down 0.33, from 1.13 in 2017Q3. It is negative, as 57 investors sold RE shares while 152 reduced holdings. 59 funds opened positions while 108 raised stakes. 36.17 million shares or 1.97% less from 36.90 million shares in 2017Q3 were reported. Comerica Comml Bank accumulated 12,459 shares or 0.02% of the stock. Arizona State Retirement holds 0.09% or 40,951 shares in its portfolio. Jpmorgan Chase And Communications holds 559,361 shares. First Tru Advsrs Limited Partnership owns 228,452 shares. Korea Investment Corporation has invested 0.03% of its portfolio in Everest Re Group, Ltd. (NYSE:RE). Strategy Asset Managers Ltd Liability invested in 9,377 shares or 0.41% of the stock. Financial Serv owns 67 shares or 0.01% of their US portfolio. Ameriprise Financial invested in 41,064 shares. Credit Suisse Ag holds 101,314 shares. Virginia Retirement Et Al has 0.32% invested in Everest Re Group, Ltd. (NYSE:RE). Wealth Enhancement Advisory Ltd Llc has 3,436 shares. New Vernon Management Ltd Limited Liability Company owns 15,661 shares. Amp Capital Ltd holds 0.07% or 61,579 shares. Livforsakringsbolaget Skandia Omsesidigt stated it has 0.29% of its portfolio in Everest Re Group, Ltd. (NYSE:RE). Susquehanna Int Group Llp holds 13,290 shares.

Since January 8, 2018, it had 1 insider purchase, and 2 sales for $183,147 activity. $72,853 worth of Everest Re Group, Ltd. (NYSE:RE) was sold by Doucette John P. GRAF JOHN A had bought 2,285 shares worth $500,580.

Kellogg Company (NYSE:K) Institutional Positions Chart

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 FREE daily email newsletter.

By1 Nellie Frank

Automatic Stock Updates

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