Greenwood Capital Associates LLC Sells 426 Shares of Kellanova (NYSE:K)

Greenwood Capital Associates LLC lowered its holdings in shares of Kellanova (NYSE:K) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,622 shares of the company’s stock after selling 426 shares during the period. Greenwood Capital Associates LLC’s holdings in Kellanova were worth $1,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Swedbank AB boosted its position in shares of Kellanova by 20.5% in the 3rd quarter. Swedbank AB now owns 273,521 shares of the company’s stock worth $22,076,000 after purchasing an additional 46,450 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock worth $14,435,000 after acquiring an additional 8,686 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Kellanova by 6.9% during the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company’s stock valued at $30,169,000 after acquiring an additional 24,067 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of Kellanova in the 4th quarter worth about $384,000. Finally, Barclays PLC grew 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 valued at $145,309,000 after buying an additional 1,033,383 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Kellanova Price Performance

Shares of Kellanova stock opened at $81.68 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.06. The stock’s 50-day simple moving average is $81.14 and its 200-day simple moving average is $78.46. The company has a market capitalization of $28.15 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.51 and a beta of 0.37.

Wall Street Analysts Forecast Growth

K has been the subject of a number of research reports. StockNews.com began coverage on Kellanova in a research report on Friday. They set 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 objective for the company. in a research report on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.96.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the transaction, the insider now directly owns 48,305,778 shares of the company’s stock, valued at approximately $3,956,726,275.98. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 1,031,247 shares of company stock valued at $83,724,652. Corporate insiders own 1.80% of the company’s stock.

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.