Kellanova (NYSE:K) Shares Bought by KBC Group NV

KBC Group NV lifted its stake in shares of Kellanova (NYSE:K - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,037 shares of the company's stock after buying an additional 15,803 shares during the quarter. KBC Group NV's holdings in Kellanova were worth $5,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. 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 during the last quarter. MCF Advisors LLC lifted its stake in Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company's stock worth $34,000 after purchasing an additional 137 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Kellanova by 61.9% during the second quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock worth $30,000 after purchasing an additional 200 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Kellanova by 41.4% during the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after purchasing an additional 158 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in Kellanova by 71.3% during the third quarter. Mather Group LLC. now owns 615 shares of the company's stock worth $50,000 after purchasing an additional 256 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total value of $9,385,493.53. Following the transaction, the insider now directly owns 48,305,778 shares in the company, valued at $3,956,726,275.98. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 1,031,247 shares of company stock worth $83,724,652. 1.80% of the stock is owned by company insiders.

Kellanova Stock Up 0.2 %

K opened at $81.95 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The firm has a market cap of $28.25 billion, a P/E ratio of 28.16, a PEG ratio of 2.51 and a beta of 0.37. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.06. The business's fifty day simple moving average is $81.11 and its 200 day simple moving average is $78.10.

Kellanova (NYSE:K - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business's revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Kellanova will post 3.75 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. BNP Paribas cut Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price objective for the company. in a research note on Friday, November 1st. StockNews.com assumed coverage on Kellanova in a research note on Friday. They issued a "hold" rating for the company. Fifteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Kellanova presently has a consensus rating of "Hold" and a consensus price target of $76.35.

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.