Bank of New York Mellon Trust Co., NA (Investment Mgmt) sold $27.6M worth of shares in Kellogg Co. in June 2018

Jul 08, 2018
Insider Transactions
Background Information
Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. The firm markets cookies, crackers, crisps, and other convenience foods, under brands such as Kellogg’s, Cheez-It, Pringles, and Austin to supermarkets in the U.S. It operates through the following geographical segments: North America, Europe, Latin America, and AMEA(Asia Middle East Africa). The company was founded by Will Keith Kellogg in 1906 and is headquartered in Battle Creek, MI.
Bank of New York Mellon Trust Co. (BNYMT) begins their investment process with top-down analysis to identify sectors that they believe will outperform the S&P 500 or Russell 2000 indexes over the next 12-18 months. They invest in stocks of all market capitalizations focusing on market trends and themes they believe will lead to above-average earnings momentum and growth. The firm also manages indexed portfolios that use the S&P 400, 500, and 600 indexes as their benchmarks. The research effort also includes bottom-up research.BNYMT employs a team approach to decision making. Their investment decision making process is centered upon a two-stage process. First, the investment policy committee, chaired by the CIO, provides the framework for their fundamental economic outlook, investment policy, asset allocation and duration decisions. The committee's work focuses on developing a forecast for inflation, interest rates, and corporate profits. Second, portfolio managers meet at least three times a week or daily as required, under the direction of the manager of their respective disciplines.In conjunction with the Bank's own analysts, each portfolio manager is responsible for covering a particular sector of the market. The managers work as a team to examine market developments, determine appropriate portfolio composition, review specific sector/company opportunities and reach specific buy/sell decisions. Trades are executed by the portfolio managers in a uniform fashion across the entire account base, subject always to client guidelines.