Insider Selling in Kellogg (K) Shares Continues

Thursday, December 14, 2017 10:15 PM ET

Insider Selling in Kellogg (K) Shares Continues

There was a significant insider sale of Kellogg shares today, as indicated in a filing with the SEC as — W K Kellogg Foundation Trust, 10% Owner — disposed of 125,000 shares in the company having a market value of approximately $8,159,463. There have been 4 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the purchase of 15,930 company shares and the disposition of 416,592 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 525,662 shares and have averaged 111,504 shares per transaction over this time period.

Kellogg insider trading represents a higher number of buy/sell trades than for the 40 peer company average over the last 90-day period. The Food Processing peer group saw 35 buy/sell trades during this period for an average of 0.9 transactions per company. The number of shares per buy/sell trade for Kellogg insiders was also higher. Within the peer group there were 236,730 shares purchased and 1,326,020 shares sold with company insiders selling 31,123 shares on average.

Insider buying and selling activity that is significant 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 composing 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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