State of Alaska Department of Revenue Sells 16,703 Shares of Kellanova (NYSE:K)

State of Alaska Department of Revenue lowered its holdings in shares of Kellanova (NYSE:K - Free Report) by 35.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 30,656 shares of the company's stock after selling 16,703 shares during the period. State of Alaska Department of Revenue's holdings in Kellanova were worth $2,482,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Westchester Capital Management LLC bought a new stake in shares of Kellanova during the third quarter worth approximately $107,795,000. Barclays PLC boosted its holdings in shares of Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after acquiring an additional 1,033,383 shares during the period. State Street Corp boosted its holdings in shares of Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company's stock worth $1,188,489,000 after acquiring an additional 731,273 shares during the period. Ilex Capital Partners UK LLP boosted its holdings in shares of Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after acquiring an additional 632,510 shares during the period. Finally, Syquant Capital Sas bought a new stake in shares of Kellanova during the fourth quarter worth approximately $29,595,000. Institutional investors own 83.87% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on K shares. StockNews.com started coverage on shares of Kellanova in a research report on Saturday, February 8th. They issued a "hold" rating for the company. BNP Paribas downgraded 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. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $77.96.

Kellanova Trading Up 0.1 %

K traded up $0.05 during trading on Friday, reaching $82.26. 2,982,343 shares of the stock traded hands, compared to its average volume of 2,391,848. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $28.35 billion, a PE ratio of 21.25, a P/E/G ratio of 2.53 and a beta of 0.37. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.41. The stock's 50-day moving average is $81.34 and its 200 day moving average is $79.84.

Kellanova (NYSE:K - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS 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%. Equities analysts anticipate that Kellanova will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 49,222,442 shares of the company's stock, valued at approximately $3,997,354,514.82. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 1,260,413 shares of company stock valued at $102,571,264. Company insiders own 1.80% of the company's stock.

Kellanova 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.