Kellanova (NYSE:K) Stock Position Lowered by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lessened its position in Kellanova (NYSE:K) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,751 shares of the company’s stock after selling 598 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Kellanova were worth $1,113,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Investors Research Corp lifted its position in Kellanova by 1.0% in the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company’s stock worth $1,049,000 after buying an additional 125 shares in the last quarter. Assetmark Inc. lifted its position in Kellanova by 26.2% in the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after buying an additional 131 shares in the last quarter. MCF Advisors LLC lifted its position in Kellanova by 48.8% in the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 137 shares in the last quarter. S.A. Mason LLC lifted its position in Kellanova by 7.6% in the 3rd quarter. S.A. Mason LLC now owns 1,987 shares of the company’s stock worth $160,000 after buying an additional 140 shares in the last quarter. Finally, Quent Capital LLC lifted its position in Kellanova by 20.2% in the 4th quarter. Quent Capital LLC now owns 833 shares of the company’s stock worth $67,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Kellanova Stock Performance

Shares of K opened at $82.26 on Friday. The company’s fifty day moving average is $81.37 and its 200-day moving average is $79.86. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.41. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 2.53 and a beta of 0.37. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K) last posted its 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 net margin of 10.53% and a return on equity of 37.25%. Equities analysts expect that Kellanova will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on K shares. StockNews.com started coverage on shares of Kellanova in a research report on Sunday. They issued a “hold” rating for the company. BNP Paribas downgraded shares of 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $77.96.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $82.25, for a total value of $9,424,451.75. Following the sale, the insider now directly owns 48,076,612 shares in the company, valued at $3,954,301,337. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders have sold 1,260,413 shares of company stock worth $102,571,264. 1.80% of the stock is owned by insiders.

Kellanova Company 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.