Blackstone Group LP Increases Position in Targa Res (TRGP); Kellogg Co (K) Stock Declined While Rodgers Brothers Raised Holding

May 21, 2018 - By Hugh Holland

Kellogg Company (NYSE:K) Logo

Rodgers Brothers Inc increased its stake in Kellogg Co (K) by 12.39% based on its latest 2017Q4 regulatory filing with the SEC. Rodgers Brothers Inc bought 6,303 shares as the company’s stock declined 5.46% with the market. The institutional investor held 57,169 shares of the packaged foods company at the end of 2017Q4, valued at $3.89 million, up from 50,866 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in Kellogg Co for a number of months, seems to be bullish on the $21.08B market cap company. The stock increased 0.96% or $0.58 during the last trading session, reaching $60.77. About 2.19 million shares traded. Kellogg Company (NYSE:K) has declined 11.27% since May 21, 2017 and is downtrending. It has underperformed by 22.82% the S&P500.

Blackstone Group Lp increased its stake in Targa Res Corp (TRGP) by 2430.72% based on its latest 2017Q4 regulatory filing with the SEC. Blackstone Group Lp bought 6.28 million shares as the company’s stock declined 3.67% with the market. The institutional investor held 6.54M shares of the public utilities company at the end of 2017Q4, valued at $316.52M, up from 258,302 at the end of the previous reported quarter. Blackstone Group Lp who had been investing in Targa Res Corp for a number of months, seems to be bullish on the $10.69B market cap company. The stock increased 0.79% or $0.38 during the last trading session, reaching $48.72. About 1.48M shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 20.04% since May 21, 2017 and is downtrending. It has underperformed by 31.59% the S&P500.

Rodgers Brothers Inc, which manages about $300.54M and $306.62M US Long portfolio, decreased its stake in Cisco Systems Inc (NASDAQ:CSCO) by 7,895 shares to 10,168 shares, valued at $389,000 in 2017Q4, according to the filing. It also reduced its holding in Baxter International Inc (NYSE:BAX) by 5,087 shares in the quarter, leaving it with 21,467 shares, and cut its stake in Diageo Plc (NYSE:DEO).

More notable recent Kellogg Company (NYSE:K) news were published by: Benzinga.com which released: “Berenberg’s Packaged Food Pair Trade: Buy Twinkie’s Parent Company, Hold Flowers Food” on May 21, 2018, also Prnewswire.com with their article: “Prescience Point Capital Management Issues Negative Report on Kellogg Company (NYSE: K), Argues Shares Could …” published on April 26, 2018, Seekingalpha.com published: “Kellogg: An Unlikely Growth Company?” on May 09, 2018. More interesting news about Kellogg Company (NYSE:K) were released by: Seekingalpha.com and their article: “Kellogg: Great Time To Buy” published on May 07, 2018 as well as 247Wallst.com‘s news article titled: “6 Most Important Things in Business Today” with publication date: May 16, 2018.

Investors sentiment increased to 0.91 in 2017 Q4. 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. Balyasny Asset Limited Liability Com owns 20,926 shares. Lvm Cap Management Limited Mi accumulated 25,862 shares. 11,482 were reported by Davenport & Co Ltd Limited Liability Company. National Bank Of Montreal Can holds 0.04% or 623,682 shares in its portfolio. 299 were accumulated by Jnba Fin Advsr. Conning Inc invested 0.01% of its portfolio in Kellogg Company (NYSE:K). Engineers Gate Manager Limited Partnership stated it has 0.1% in Kellogg Company (NYSE:K). 7,944 were reported by Raymond James Trust Na. Advisory Svcs Networks Limited Liability holds 8,331 shares. Mairs & Pwr has invested 0% of its portfolio in Kellogg Company (NYSE:K). Sumitomo Mitsui Trust stated it has 0.08% of its portfolio in Kellogg Company (NYSE:K). Btim accumulated 0.01% or 9,175 shares. Inr Advisory Services Ltd Co has invested 0% of its portfolio in Kellogg Company (NYSE:K). 2.44 million were reported by Ameriprise. Mitsubishi Ufj Tru & Corporation reported 0.07% in Kellogg Company (NYSE:K).

Since December 13, 2017, it had 0 buys, and 8 selling transactions for $165.23 billion activity.

Among 27 analysts covering Kellogg Company (NYSE:K), 10 have Buy rating, 3 Sell and 14 Hold. Therefore 37% are positive. Kellogg Company had 79 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, August 4. UBS initiated the stock with “Neutral” rating in Wednesday, February 24 report. Citigroup upgraded the stock to “Buy” rating in Wednesday, August 5 report. The company was maintained on Friday, May 4 by Stifel Nicolaus. Credit Suisse downgraded Kellogg Company (NYSE:K) on Wednesday, December 7 to “Neutral” rating. The firm earned “Hold” rating on Monday, June 19 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, August 5. The firm earned “Hold” rating on Monday, April 16 by Credit Suisse. The stock of Kellogg Company (NYSE:K) earned “Hold” rating by DZ Bank on Friday, December 8. The firm has “Hold” rating given on Wednesday, October 18 by RBC Capital Markets.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Targa Resources had 91 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was initiated by Barclays Capital on Wednesday, March 23 with “Equal-Weight”. The stock of Targa Resources Corp. (NYSE:TRGP) has “Buy” rating given on Monday, March 13 by Stifel Nicolaus. Jefferies upgraded the stock to “Buy” rating in Thursday, January 14 report. The firm earned “Buy” rating on Friday, July 14 by RBC Capital Markets. The firm has “Hold” rating given on Tuesday, October 17 by Goldman Sachs. The firm has “Buy” rating given on Thursday, October 5 by Stifel Nicolaus. The stock has “Neutral” rating by Robert W. Baird on Thursday, March 15. The company was downgraded on Thursday, December 1 by Stifel Nicolaus. The company was maintained on Wednesday, April 5 by Jefferies. The rating was maintained by RBC Capital Markets on Sunday, October 29 with “Buy”.

Blackstone Group Lp, which manages about $24.56B US Long portfolio, decreased its stake in Blackstone Mtg Tr Inc (NYSE:BXMT) by 405,016 shares to 4.86M shares, valued at $156.35 million in 2017Q4, according to the filing. It also reduced its holding in Gogo Inc (NASDAQ:GOGO) by 43,500 shares in the quarter, leaving it with 308,002 shares, and cut its stake in C&J Energy Svcs Inc New.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.19, from 1.24 in 2017Q3. It is negative, as 31 investors sold TRGP shares while 119 reduced holdings. 45 funds opened positions while 112 raised stakes. 193.64 million shares or 5.92% more from 182.82 million shares in 2017Q3 were reported. Pub Employees Retirement Association Of Colorado stated it has 37,529 shares or 0.01% of all its holdings. First Personal Svcs reported 0% in Targa Resources Corp. (NYSE:TRGP). Edge Wealth Mngmt Limited Liability Company accumulated 62 shares. Moreover, Balyasny Asset Mngmt Limited Liability Corporation has 0.09% invested in Targa Resources Corp. (NYSE:TRGP). Lvw Advsrs Lc owns 10,775 shares or 0.15% of their US portfolio. Korea Corp invested in 148 shares. Aviva Public Limited Com holds 118,603 shares or 0.03% of its portfolio. Roanoke Asset Management Ny has invested 0.16% in Targa Resources Corp. (NYSE:TRGP). Swiss Natl Bank stated it has 793,900 shares or 0.04% of all its holdings. Dimensional Fund Advisors Lp reported 0.05% in Targa Resources Corp. (NYSE:TRGP). Parkside Bank Tru invested in 1,395 shares. Zimmer Prns Ltd Partnership holds 4.7% or 3.98M shares. Commonwealth Bancorporation Of Australia holds 0% or 200 shares. Bnp Paribas Arbitrage invested in 0% or 48,057 shares. Canada Pension Plan Board has 13,282 shares for 0% of their portfolio.

More important recent Targa Resources Corp. (NYSE:TRGP) news were published by: Globenewswire.com which released: “Targa Resources Corp. Reports First Quarter 2018 Financial Results” on May 03, 2018, also Globenewswire.com published article titled: “Targa Resources Partners LP Announces Monthly Distribution on Preferred Units”, Bizjournals.com published: “These 10 Colorado companies landed on the 2018 Fortune 500” on May 21, 2018. More interesting news about Targa Resources Corp. (NYSE:TRGP) was released by: Seekingalpha.com and their article: “Targa Resources’ (TRGP) CEO Joe Bob Perkins on Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

Kellogg Company (NYSE:K) Institutional Positions Chart

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