Kellanova (NYSE:K) Shares Sold by Eukles Asset Management

Eukles Asset Management decreased its position in Kellanova (NYSE:K) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,894 shares of the company’s stock after selling 1,111 shares during the period. Eukles Asset Management’s holdings in Kellanova were worth $1,935,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in K. CVA Family Office LLC lifted its stake in Kellanova by 529.3% during the third quarter. CVA Family Office LLC now owns 365 shares of the company’s stock worth $29,000 after purchasing an additional 307 shares in the last quarter. MCF Advisors LLC increased its holdings in Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 137 shares during the period. Capital Advisors Ltd. LLC raised its position in Kellanova by 41.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock valued at $44,000 after purchasing an additional 158 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Kellanova by 71.3% in the 3rd quarter. Mather Group LLC. now owns 615 shares of the company’s stock valued at $50,000 after buying an additional 256 shares during the period. Finally, Assetmark Inc. grew its holdings in Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Analysts Set New Price Targets

K has been the topic of a number of analyst reports. StockNews.com initiated coverage on Kellanova in a research note on Saturday. They issued a “hold” rating on the stock. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Friday, November 1st. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.96.

Kellanova Stock Performance

Shares of K opened at $82.29 on Monday. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.31. The stock has a market capitalization of $28.37 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.53 and a beta of 0.37. 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 company’s fifty day moving average is $81.21 and its two-hundred day moving average is $79.14.

Kellanova (NYSE:K) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping 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%. On average, sell-side analysts predict that Kellanova will post 3.91 earnings per share for the current year.

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $81.21, for a total value of $9,305,285.43. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,031,247 shares of company stock valued at $83,724,652 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

About Kellanova

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.