Kellanova (NYSE:K) Receives $77.96 Average PT from Analysts

Kellanova (NYSE:K - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen analysts that are covering the company, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $77.96.

A number of research analysts have recently commented on K shares. BNP Paribas cut Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 target price for the company. in a research note on Friday, November 1st. Royal Bank of Canada upgraded shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 target price for the company in a research report on Tuesday. Finally, StockNews.com started coverage on shares of Kellanova in a research report on Sunday. They set a "hold" rating on the stock.

Kellanova Price Performance

Kellanova stock traded up $0.08 during midday trading on Monday, reaching $82.40. 2,495,416 shares of the stock were exchanged, compared to its average volume of 2,404,427. The company's fifty day moving average is $81.44 and its 200-day moving average is $80.49. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.49. The firm has a market cap of $28.40 billion, a PE ratio of 21.29, a PEG ratio of 4.21 and a beta of 0.37.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) 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 forecast that Kellanova will post 3.92 EPS for the current year.

Insider Activity at Kellanova

In other 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 completion of the transaction, the insider now owns 49,222,442 shares in the company, valued at approximately $3,997,354,514.82. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in Kellanova in the 4th quarter valued at $27,000. BankPlus Trust Department bought a new position in shares of Kellanova in the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova in the fourth quarter worth about $32,000. Flagship Wealth Advisors LLC purchased a new stake in Kellanova in the 4th quarter valued at about $32,000. Finally, 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. 83.87% of the stock is owned by hedge funds and other institutional investors.

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.