Insider Selling in Kellogg (K) Shares Continues

Monday, November 27, 2017 10:15 PM ET

Insider Selling in Kellogg (K) Shares Continues

There was a substantial sale of shares of Kellogg by an insider today, as revealed in a form 4 document filed with the SEC. One insider — W K Kellogg Foundation Trust, 10% Owner — disposed of 81,801 shares in the company having a market value of approximately $5,327,805. There have been 4 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 sale of 261,107 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 326,978 shares and have averaged 71,768 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at Kellogg is greater than the 40-company peer group average. Food Processing peer group saw 28 buy/sell trades during this period for an average of 0.7 transactions per company. The number of shares per buy/sell trade for Kellogg insiders was also higher. Within the peer group there were 32,059 shares purchased and 963,649 shares sold with company insiders having sold 33,271 shares on average.

Significant insider buying and selling activity has been determined by eliminating 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 in data sourced in evaluating and writing 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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