Kellanova (NYSE:K) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Kellanova (NYSE:K - Free Report) in a research note published on Sunday. The firm issued a hold rating on the stock.

Separately, BNP Paribas cut shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 target price for the company. in a research report on Friday, November 1st. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $77.96.

Kellanova Price Performance

Shares of K stock traded up $0.08 during mid-day trading on Friday, reaching $82.40. The company's stock had a trading volume of 2,485,287 shares, compared to its average volume of 2,404,206. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The firm's 50-day moving average is $81.44 and its two-hundred day moving average is $80.49. Kellanova has a 1-year low of $52.46 and a 1-year high of $82.49. The company has a market cap of $28.40 billion, a P/E 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 earnings results 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, research analysts predict that Kellanova will post 3.92 earnings per share 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, February 14th. The shares were sold at an average price of $82.25, for a total transaction of $9,424,451.75. Following the completion of the sale, the insider now owns 48,076,612 shares in the company, valued at $3,954,301,337. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,260,413 shares of company stock worth $102,571,264 over the last 90 days. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Kellanova

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

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.