Rep. Gilbert Ray Cisneros, Jr. Buys Kellanova (NYSE:K) Shares

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Kellanova (NYSE:K). In a filing disclosed on February 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Kellanova stock on January 24th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of ICF International NASDAQ: ICFI on 2/3/2025.
• Purchased $15,001 - $50,000 in shares of CACI International NYSE: CACI on 1/31/2025.
• Purchased $50,001 - $100,000 in shares of Hawaiian Electric Industries NYSE: HE on 1/31/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 1/30/2025.
• Purchased $1,001 - $15,000 in shares of Agios Pharmaceuticals NASDAQ: AGIO on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Paragon 28 NYSE: FNA on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of U.S. Physical Therapy NYSE: USPH on 1/29/2025.
• Purchased $1,001 - $15,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 1/29/2025.

Kellanova Stock Up 0.1 %

Shares of NYSE:K traded up $0.05 during trading on Friday, reaching $82.26. The stock had a trading volume of 2,982,343 shares, compared to its average volume of 2,318,548. Kellanova has a one year low of $52.46 and a one year high of $82.41. The company has a market capitalization of $28.35 billion, a P/E ratio of 21.25, a PEG ratio of 2.53 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The firm's 50-day simple moving average is $81.37 and its 200 day simple moving average is $80.02.

Kellanova (NYSE:K - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. As a group, research analysts expect that Kellanova will post 3.91 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $80.99, for a total value of $9,280,077.17. Following the completion of the sale, the insider now owns 49,337,025 shares of the company's stock, valued at approximately $3,995,805,654.75. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 1,260,413 shares of company stock valued at $102,571,264 in the last 90 days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Kellanova

Several institutional investors have recently made changes to their positions in K. DoubleLine ETF Adviser LP increased its holdings in Kellanova by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 15,374 shares of the company's stock worth $1,245,000 after acquiring an additional 358 shares in the last quarter. AQR Arbitrage LLC increased its holdings in Kellanova by 35.0% in the 4th quarter. AQR Arbitrage LLC now owns 366,774 shares of the company's stock worth $29,676,000 after acquiring an additional 95,057 shares in the last quarter. Nexpoint Asset Management L.P. boosted its stake in Kellanova by 2.9% during the 4th quarter. Nexpoint Asset Management L.P. now owns 345,330 shares of the company's stock worth $27,961,000 after purchasing an additional 9,790 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in Kellanova during the 4th quarter worth $437,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Kellanova by 839.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,128 shares of the company's stock worth $5,516,000 after purchasing an additional 60,874 shares during the last quarter. 83.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BNP Paribas lowered shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target for the company. in a research report on Friday, November 1st. StockNews.com assumed coverage on shares of Kellanova in a research report on Sunday. They set a "hold" rating for the company. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $77.96.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.