Kingsview Wealth Management LLC Boosts Position in Kellanova (NYSE:K)

Kingsview Wealth Management LLC lifted its position in shares of Kellanova (NYSE:K) by 20.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,465 shares of the company’s stock after acquiring an additional 598 shares during the period. Kingsview Wealth Management LLC’s holdings in Kellanova were worth $281,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in K. MCF Advisors LLC boosted its position in shares of 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 in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Kellanova by 41.4% in the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after acquiring an additional 158 shares in the last quarter. Assetmark Inc. boosted its holdings in Kellanova by 26.2% in the third 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. Capital Performance Advisors LLP bought a new stake in Kellanova in the third quarter worth $55,000. Finally, New Wave Wealth Advisors LLC bought a new stake in Kellanova in the fourth quarter worth $56,000. 83.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $82.25, for a total transaction of $9,424,451.75. Following the completion of the sale, the insider now directly owns 48,076,612 shares of the company’s stock, valued at approximately $3,954,301,337. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,260,413 shares of company stock worth $102,571,264 in the last quarter. 1.80% of the stock is owned by corporate insiders.

Kellanova Stock Up 0.1 %

K stock opened at $82.26 on Friday. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $82.41. The business’s 50-day moving average is $81.34 and its two-hundred day moving average is $79.84. 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 has a market cap of $28.35 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.53 and a beta of 0.37.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. As a group, analysts forecast that Kellanova will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.