Insider at Kellogg (K) Makes Significant Sale of Stock

Wednesday, November 22, 2017 10:15 PM ET

Insider at Kellogg (K) Makes Significant Sale of Stock

There was a significant sale of shares of Kellogg by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — W K Kellogg Foundation Trust, 10% Owner — disposed of 44,515 shares in the company having a market value of approximately $2,898,354. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 15,930 company shares and the disposition of 216,592 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 245,177 shares and have averaged 69,259 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Kellogg is above its 40-company peer group average. The Food Processing peer group saw 33 buy/sell trades during this period for an average of 0.8 transactions per company. However, the number of shares traded per transaction by Kellogg insiders is lower than its peers. Within the peer group there were 32,374 shares purchased and 9,874,468 shares sold with company insiders selling 298,245 shares on average over this time period.

To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data obtained to compose and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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