Kellogg W. K. Foundation Trust Sells 114,583 Shares of Kellanova (NYSE:K) Stock

Kellanova (NYSE:K - Get Free Report) major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $82.25, for a total transaction of $9,424,451.75. Following the sale, the insider now owns 48,076,612 shares in the company, valued at $3,954,301,337. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Kellanova Stock Up 0.1 %

K traded up $0.10 during trading on Tuesday, hitting $82.36. The stock had a trading volume of 781,552 shares, compared to its average volume of 2,338,608. The company has a market capitalization of $28.39 billion, a PE ratio of 21.28, a PEG ratio of 2.53 and a beta of 0.37. Kellanova has a twelve month low of $52.46 and a twelve month high of $82.41. 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 stock has a 50 day simple moving average of $81.40 and a two-hundred day simple moving average of $80.35.

Kellanova (NYSE:K - Get Free Report) last announced 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 net margin of 10.53% and a return on equity of 37.25%. On average, research analysts predict that Kellanova will post 3.91 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in K. CSS LLC IL raised its holdings in shares of Kellanova by 3,312.8% during the fourth quarter. CSS LLC IL now owns 13,651 shares of the company's stock worth $1,105,000 after purchasing an additional 13,251 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Kellanova by 3.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,661,225 shares of the company's stock worth $215,479,000 after purchasing an additional 86,293 shares during the last quarter. Waverly Advisors LLC raised its holdings in shares of Kellanova by 752.5% during the fourth quarter. Waverly Advisors LLC now owns 50,087 shares of the company's stock worth $4,056,000 after purchasing an additional 44,212 shares during the last quarter. Western Standard LLC raised its holdings in shares of Kellanova by 31.6% during the fourth quarter. Western Standard LLC now owns 84,250 shares of the company's stock worth $6,822,000 after purchasing an additional 20,250 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Kellanova during the fourth quarter worth $226,000. Hedge funds and other institutional investors own 83.87% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on K. StockNews.com began coverage on shares of Kellanova in a research report on Sunday. They issued a "hold" rating on the stock. Royal Bank of Canada raised shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price objective on the stock in a research report on Tuesday. Finally, BNP Paribas lowered shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price objective on the stock. in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $77.96.

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.