Kellanova (NYSE:K) Shares Purchased by KBC Group NV

KBC Group NV lifted its stake in Kellanova (NYSE:K) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,037 shares of the company’s stock after acquiring an additional 15,803 shares during the period. KBC Group NV’s holdings in Kellanova were worth $5,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CVA Family Office LLC raised its position in Kellanova by 529.3% in the third quarter. CVA Family Office LLC now owns 365 shares of the company’s stock worth $29,000 after acquiring an additional 307 shares in the last quarter. Newbridge Financial Services Group Inc. raised its holdings in shares of Kellanova by 61.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. MCF Advisors LLC lifted its stake in Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after purchasing an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Kellanova by 41.4% during the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after buying an additional 158 shares in the last quarter. Finally, Mather Group LLC. grew its position in Kellanova by 71.3% in the third quarter. Mather Group LLC. now owns 615 shares of the company’s stock worth $50,000 after buying an additional 256 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors.

Kellanova Stock Up 0.2 %

Kellanova stock opened at $81.95 on Friday. The firm’s 50 day moving average price is $81.11 and its two-hundred day moving average price is $78.10. The firm has a market cap of $28.25 billion, a PE ratio of 28.16, a P/E/G ratio of 2.50 and a beta of 0.37. Kellanova has a twelve month low of $52.46 and a twelve month high of $82.06. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts predict that Kellanova will post 3.75 EPS for the current fiscal year.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $81.21, for a total transaction of $9,305,285.43. Following the transaction, the insider now directly owns 49,222,442 shares of the company’s stock, valued at $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 1,031,247 shares of company stock worth $83,724,652 in the last three months. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on K. StockNews.com assumed coverage on Kellanova in a research note on Friday. They set a “hold” rating for the company. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $76.35.

Kellanova Profile

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and 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.