Stonebridge Financial Group LLC Purchases New Shares in Kellanova (NYSE:K)

Stonebridge Financial Group LLC acquired a new position in Kellanova (NYSE:K) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 334 shares of the company’s stock, valued at approximately $27,000.

A number of other large investors have also recently made changes to their positions in the business. Savant Capital LLC lifted its position in Kellanova by 5.4% in the fourth quarter. Savant Capital LLC now owns 14,778 shares of the company’s stock worth $1,197,000 after buying an additional 763 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Kellanova by 20.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,465 shares of the company’s stock worth $281,000 after acquiring an additional 598 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Kellanova by 13.4% during the 4th quarter. Apollon Wealth Management LLC now owns 6,388 shares of the company’s stock valued at $517,000 after purchasing an additional 757 shares during the last quarter. Samson Rock Capital LLP purchased a new stake in Kellanova in the 4th quarter worth about $18,218,000. Finally, Bright Financial Advisors Inc. bought a new stake in Kellanova in the fourth quarter worth about $225,000. 83.87% of the stock is currently owned by institutional investors.

Kellanova Price Performance

NYSE K opened at $82.26 on Friday. The company has a market cap of $28.35 billion, a PE ratio of 21.25, a P/E/G ratio of 2.53 and a beta of 0.37. Kellanova has a 52-week low of $52.46 and a 52-week high of $82.41. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 0.81. The firm’s 50 day moving average price is $81.34 and its 200-day moving average price is $79.84.

Kellanova (NYSE:K) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Sell-side analysts forecast that Kellanova will post 3.91 EPS for the current fiscal year.

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $81.21, for a total transaction of $9,305,285.43. Following the completion of the sale, the insider now owns 49,222,442 shares in the company, valued at approximately $3,997,354,514.82. This represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,260,413 shares of company stock valued at $102,571,264. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on K shares. StockNews.com assumed coverage on Kellanova in a research note on Saturday, February 8th. They set a “hold” rating for the company. BNP Paribas downgraded Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Friday, November 1st. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Kellanova currently has a consensus rating of “Hold” and a consensus price target of $77.96.

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.