Kellanova (NYSE:K) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Kellanova (NYSE:K - Free Report) by 29.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,849 shares of the company's stock after acquiring an additional 6,731 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Kellanova were worth $2,421,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of K. State Street Corp grew its holdings in shares of Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company's stock worth $1,188,489,000 after purchasing an additional 731,273 shares during the period. Geode Capital Management LLC grew its stake in Kellanova by 3.0% during the third quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company's stock worth $541,052,000 after buying an additional 196,564 shares during the period. Barclays PLC lifted its holdings in shares of Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after acquiring an additional 1,033,383 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kellanova by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,630,609 shares of the company's stock worth $131,606,000 after purchasing an additional 35,268 shares during the period. Finally, Ilex Capital Partners UK LLP boosted its position in Kellanova by 63.8% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after purchasing an additional 632,510 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $81.21, for a total value of $9,305,285.43. Following the transaction, the insider now owns 49,222,442 shares of the company's stock, valued at $3,997,354,514.82. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 1,145,830 shares of company stock valued at $93,146,812. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on K. StockNews.com assumed coverage on Kellanova in a research note on Saturday, February 8th. They set a "hold" rating on the stock. BNP Paribas cut Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target for the company. in a report on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Kellanova has a consensus rating of "Hold" and an average target price of $77.96.

Kellanova Stock Up 0.0 %

K stock traded up $0.04 during mid-day trading on Thursday, hitting $82.22. 4,123,824 shares of the company were exchanged, compared to its average volume of 2,371,387. The firm has a fifty day simple moving average of $81.31 and a 200 day simple moving average of $79.83. The company has a market capitalization of $28.34 billion, a PE ratio of 21.24, a price-to-earnings-growth 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 $82.34. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29.

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

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.