Kellanova (NYSE:K) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Kellanova (NYSE:K - Get Free Report) in a research note issued on Monday. The firm set a "hold" rating on the stock.

Several other equities analysts have also recently commented on K. Argus cut shares of Kellanova from a "buy" rating to a "hold" rating in a report on Wednesday, October 2nd. BNP Paribas downgraded Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Kellanova presently has a consensus rating of "Hold" and a consensus price target of $76.35.

Kellanova Price Performance

Shares of K stock traded down $0.35 during midday trading on Monday, reaching $80.82. 1,331,281 shares of the company were exchanged, compared to its average volume of 2,906,415. The company's 50 day moving average price is $80.80 and its two-hundred day moving average price is $74.37. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The company has a market cap of $27.86 billion, a P/E ratio of 27.77, a PEG ratio of 2.59 and a beta of 0.38. Kellanova has a 12 month low of $52.46 and a 12 month high of $81.34.

Kellanova (NYSE:K - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.06. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.16 billion. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. Kellanova's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. On average, sell-side analysts expect that Kellanova will post 3.74 earnings per share for the current year.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $80.57, for a total value of $9,231,952.31. Following the transaction, the insider now owns 50,024,523 shares in the company, valued at $4,030,475,818.11. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 1,031,247 shares of company stock worth $83,337,362. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Kellanova

A number of institutional investors have recently bought and sold shares of K. CVA Family Office LLC grew its position in shares of Kellanova by 529.3% during the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company's stock worth $29,000 after buying an additional 307 shares during the period. Newbridge Financial Services Group Inc. grew its holdings in shares of Kellanova by 61.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the period. MCF Advisors LLC increased its position in shares of Kellanova by 48.8% in the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company's stock valued at $34,000 after buying an additional 137 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after buying an additional 158 shares during the period. Finally, Mather Group LLC. grew its stake in Kellanova by 71.3% in the third quarter. Mather Group LLC. now owns 615 shares of the company's stock valued at $50,000 after acquiring an additional 256 shares during the period. Institutional investors and hedge funds own 83.87% of the company's stock.

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.