SPY424.48-0.78 -0.18%
DIA343.41-0.89 -0.26%
IXIC14,072.86-101.29 -0.71%

Kellogg (K) Insider Makes Significant Share Sale

05/11/2021 18:34

10:20 PM EDT, 05/11/2021 (MT Newswires) -- A SEC filing today disclosed a notable insider sale of Kellogg shares as -- W K Kellogg Foundation Trust, 10% Owner -- sold 83,333 shares in the company having a market value of approximately $5,628,877. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 416,667 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 500,000 shares and have averaged 250,000 shares per transaction over this time period.

Insider buy/sell trading at Kellogg is higher than the 45 peer company average over the last 90-day period. The Food Processing peer group saw 59 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Kellogg insiders was also higher. Within the peer group there were 328,341 shares purchased and 7,260,148 shares sold with company insiders having sold 117,488 shares on average.

The data used in evaluating and writing in this story eliminates 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.

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.