Wellington Management Adds to Already Large Kellogg Position
According to a recent Form 13F filing submitted to the SEC, Wellington Management Group LLP disclosed a noteworthy and bullish position in K stock that is even larger than it was last quarter. Here’s what you need to know about Kellogg Company, as well as Wellington Management Group LLP and their long position in shares of K stock:
About Wellington Management Group LLP
Founded in 1928, Boston, Massachusetts-based Wellington Management Company is a private, independent investment management firm with over $1 trillion USD in assets under management. The firm serves as an investment advisor to over 2,000 institutions in over 60 countries.
About Kellogg Company (K)
Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg’s, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, Be Natural, LCMs, Coco Pops, Frosties, Rice Krispies Squares, Kashi Go, Vector, Incogmeato, Veggitizers, and Gardenburger brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was founded in 1906 and is headquartered in Battle Creek, Michigan.
Wellington Management Group Llp Buys Stock in K
According to the most recent 13F filed by Wellington Management Group LLP, the firm added 2,581,793 shares of K stock to it holdings in the recent quarter. That brings their total long position in Kellogg Company to 12,154,134 shares, representing approximately 3.5613% of the 341,281,000 K shares outstanding. Based on the most recent closing price of $68.98 per share of K, the entire Wellington Management Group position in Kellogg Company is worth roughly $838,392,163.32.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Wellington Management Group Llp. Also be sure to check out more recent 13F filing analysis news here.