Bleakley Financial Group LLC Takes Position in Kellanova (NYSE:K)

Bleakley Financial Group LLC purchased a new stake in Kellanova (NYSE:K - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,087 shares of the company's stock, valued at approximately $250,000.

Several other large investors have also made changes to their positions in K. Swedbank AB boosted its position in Kellanova by 20.5% during the third quarter. Swedbank AB now owns 273,521 shares of the company's stock worth $22,076,000 after purchasing an additional 46,450 shares during the period. Toronto Dominion Bank boosted its position in Kellanova by 5.1% during the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock worth $14,435,000 after purchasing an additional 8,686 shares during the period. Principal Financial Group Inc. boosted its position in Kellanova by 6.9% during the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company's stock worth $30,169,000 after purchasing an additional 24,067 shares during the period. Wedmont Private Capital bought a new stake in Kellanova during the fourth quarter worth approximately $384,000. Finally, Barclays PLC boosted its position in Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. Institutional investors own 83.87% of the company's stock.

Kellanova Trading Up 0.1 %

Kellanova stock traded up $0.05 during mid-day trading on Friday, hitting $82.26. The stock had a trading volume of 2,982,343 shares, compared to its average volume of 2,318,548. The stock has a 50-day simple moving average of $81.37 and a two-hundred day simple moving average of $79.86. The stock has a market capitalization 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 12 month low of $52.46 and a 12 month high of $82.41. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating 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, sell-side analysts forecast that Kellanova will post 3.91 EPS for the current year.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Friday, November 29th. The stock was 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 approximately $3,997,354,514.82. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 1,260,413 shares of company stock valued at $102,571,264 over the last 90 days. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

K has been the subject of a number of research analyst reports. BNP Paribas lowered Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target for the company. in a report on Friday, November 1st. StockNews.com initiated coverage on Kellanova in a report on Saturday, February 8th. They set a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average 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.