Lafayette Investments Has Upped Its Discovery Holdings Co Cl A (DISCA) Holding by $1.53 Million; Kellogg Co (K) Shareholder Fifth Third Bancorp Has Lowered Position

April 23, 2018 - By Stephen Andrade

Kellogg Company (NYSE:K) Logo

Lafayette Investments Inc increased its stake in Discovery Holdings Co Cl A (DISCA) by 30.74% based on its latest 2017Q4 regulatory filing with the SEC. Lafayette Investments Inc bought 69,595 shares as the company’s stock declined 8.64% with the market. The institutional investor held 296,000 shares of the consumer services company at the end of 2017Q4, valued at $6.62M, up from 226,405 at the end of the previous reported quarter. Lafayette Investments Inc who had been investing in Discovery Holdings Co Cl A for a number of months, seems to be bullish on the $15.44B market cap company. The stock increased 2.33% or $0.54 during the last trading session, reaching $23.7. About 3.20M shares traded. Discovery, Inc. (NASDAQ:DISCA) has declined 21.53% since April 23, 2017 and is downtrending. It has underperformed by 33.08% the S&P500.

Fifth Third Bancorp decreased its stake in Kellogg Co (K) by 24.42% based on its latest 2017Q4 regulatory filing with the SEC. Fifth Third Bancorp sold 16,086 shares as the company’s stock declined 5.46% with the market. The institutional investor held 49,783 shares of the packaged foods company at the end of 2017Q4, valued at $3.38M, down from 65,869 at the end of the previous reported quarter. Fifth Third Bancorp who had been investing in Kellogg Co for a number of months, seems to be less bullish one the $21.00 billion market cap company. The stock increased 0.53% or $0.32 during the last trading session, reaching $60.59. About 730,540 shares traded. Kellogg Company (NYSE:K) has declined 11.27% since April 23, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

Among 26 analysts covering Kellogg Company (NYSE:K), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. Kellogg Company had 73 analyst reports since August 5, 2015 according to SRatingsIntel. Credit Suisse upgraded Kellogg Company (NYSE:K) rating on Wednesday, November 4. Credit Suisse has “Neutral” rating and $72 target. The rating was maintained by RBC Capital Markets on Wednesday, November 1 with “Hold”. Argus Research upgraded it to “Buy” rating and $73.0 target in Wednesday, November 22 report. The stock of Kellogg Company (NYSE:K) earned “Neutral” rating by Credit Suisse on Friday, October 20. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, December 21. UBS maintained the stock with “Neutral” rating in Wednesday, November 1 report. The company was maintained on Friday, February 9 by Citigroup. Credit Suisse maintained the shares of K in report on Monday, April 16 with “Hold” rating. The stock has “Hold” rating by S&P Research on Wednesday, August 5. The rating was upgraded by Citigroup to “Buy” on Wednesday, August 5.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.05, from 0.86 in 2017Q3. It improved, 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. Ameriprise Financial reported 2.44M shares. Wells Fargo Mn owns 1.46 million shares. 247,816 are owned by Shelton Cap Mgmt. 6,493 are held by Wilkins Counsel. Bridgewater Ltd Partnership holds 0.03% or 45,511 shares. 104,953 are owned by Arizona State Retirement Sys. Blair William Il stated it has 0.03% of its portfolio in Kellogg Company (NYSE:K). American Ins Tx has 36,620 shares for 0.13% of their portfolio. Cornerstone Cap Mngmt Hldgs Ltd Limited Liability Company holds 46,764 shares. Lombard Odier Asset Mngmt (Europe) holds 0.01% or 3,514 shares. Panagora Asset Management has 0.05% invested in Kellogg Company (NYSE:K). Manchester Cap Management Ltd Liability has 0.01% invested in Kellogg Company (NYSE:K) for 954 shares. Waddell & Reed owns 0.05% invested in Kellogg Company (NYSE:K) for 338,401 shares. Northcoast Asset Management Ltd, a Connecticut-based fund reported 20,839 shares. Bradley Foster And Sargent Ct holds 0.02% or 9,347 shares.

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

Fifth Third Bancorp, which manages about $14.70 billion US Long portfolio, upped its stake in Csx Corp (NYSE:CSX) by 14,298 shares to 203,801 shares, valued at $11.21 million in 2017Q4, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 32,145 shares in the quarter, for a total of 417,124 shares, and has risen its stake in Select Sector Spdr Tr (XLI).

Analysts await Kellogg Company (NYSE:K) to report earnings on May, 3 before the open. 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 $370.85 million for 14.16 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.

Among 32 analysts covering Discovery Communications (NASDAQ:DISCA), 8 have Buy rating, 2 Sell and 22 Hold. Therefore 25% are positive. Discovery Communications had 95 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 2 by Cowen & Co. On Wednesday, February 28 the stock rating was maintained by Cowen & Co with “Hold”. As per Monday, November 9, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained Discovery, Inc. (NASDAQ:DISCA) rating on Wednesday, November 16. RBC Capital Markets has “Outperform” rating and $35 target. The firm earned “Hold” rating on Monday, July 17 by Jefferies. The stock has “Hold” rating by Deutsche Bank on Friday, July 14. The firm has “Neutral” rating given on Monday, November 6 by Credit Suisse. The stock of Discovery, Inc. (NASDAQ:DISCA) earned “Hold” rating by KeyBanc Capital Markets on Monday, October 16. UBS upgraded the shares of DISCA in report on Monday, August 3 to “Neutral” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Tuesday, October 27.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.05, from 0.92 in 2017Q3. It dived, as 74 investors sold DISCA shares while 172 reduced holdings. 93 funds opened positions while 121 raised stakes. 228.72 million shares or 11.88% more from 204.44 million shares in 2017Q3 were reported. Virtu Fincl Lc invested in 18,977 shares. Texas Permanent School Fund holds 0.01% of its portfolio in Discovery, Inc. (NASDAQ:DISCA) for 55,480 shares. State Street, a Massachusetts-based fund reported 8.78M shares. Moreover, Tudor Inv Corp Et Al has 0.04% invested in Discovery, Inc. (NASDAQ:DISCA) for 77,797 shares. Aqr Capital Management Ltd Company reported 973,829 shares. Delaware-based Riverhead Cap Limited Liability has invested 0.08% in Discovery, Inc. (NASDAQ:DISCA). Cornerstone Capital Llc owns 49,715 shares. Moreover, Barclays Public Limited Co has 0% invested in Discovery, Inc. (NASDAQ:DISCA). California Public Employees Retirement has 0.03% invested in Discovery, Inc. (NASDAQ:DISCA). Automobile Association, a Texas-based fund reported 65,781 shares. Eubel Brady Suttman Asset Management Inc holds 3.23% or 484,677 shares in its portfolio. Neuberger Berman Group Ltd Liability Co owns 65,256 shares. Chevy Chase Trust reported 0.02% stake. Westpac Banking Corporation stated it has 0.01% in Discovery, Inc. (NASDAQ:DISCA). Bancorporation Of Montreal Can invested 0% in Discovery, Inc. (NASDAQ:DISCA).

Since December 13, 2017, it had 3 buys, and 4 selling transactions for $9.48 million activity. Another trade for 2,571 shares valued at $61,902 was sold by Sims Savalle. MALONE JOHN C bought $2.03M worth of stock or 102,377 shares. $484,002 worth of Discovery, Inc. (NASDAQ:DISCA) was sold by Leavy David. Campbell Bruce sold $55,349 worth of stock. The insider Alpert-Romm Adria sold 16,238 shares worth $367,214.

Lafayette Investments Inc, which manages about $370.11 million and $279.54M US Long portfolio, decreased its stake in Progressive Corp Ohio Com (NYSE:PGR) by 7,060 shares to 152,116 shares, valued at $8.57M in 2017Q4, according to the filing. It also reduced its holding in Wal Mart Stores Inc Com (NYSE:WMT) by 11,942 shares in the quarter, leaving it with 65,889 shares, and cut its stake in Walt Disney Holding Co (NYSE:DIS).

Kellogg Company (NYSE:K) Institutional Positions Chart

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