Quent Capital LLC Grows Stake in Kellanova (NYSE:K)

Quent Capital LLC boosted its position in shares of Kellanova (NYSE:K) by 20.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 833 shares of the company’s stock after acquiring an additional 140 shares during the quarter. Quent Capital LLC’s holdings in Kellanova were worth $67,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Investors Research Corp grew its position in shares of Kellanova by 1.0% during the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company’s stock valued at $1,049,000 after acquiring an additional 125 shares during the period. Assetmark Inc. lifted its position in Kellanova by 26.2% during the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $51,000 after purchasing an additional 131 shares in the last quarter. MCF Advisors LLC grew its holdings in Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after purchasing an additional 137 shares during the period. S.A. Mason LLC increased its position in Kellanova by 7.6% in the third quarter. S.A. Mason LLC now owns 1,987 shares of the company’s stock worth $160,000 after buying an additional 140 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Kellanova by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock worth $690,000 after buying an additional 145 shares during the period. Institutional investors own 83.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on K. StockNews.com initiated coverage on Kellanova in a research note on Saturday, February 8th. They set a “hold” rating for the company. BNP Paribas cut shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research note 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $77.96.

Kellanova Stock Up 0.0 %

K opened at $82.22 on Friday. 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. The firm has a 50-day simple moving average of $81.31 and a two-hundred day simple moving average of $79.83. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.34.

Kellanova (NYSE:K) last released its quarterly earnings results 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%. Analysts forecast that Kellanova will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $82.23, for a total value of $9,422,160.09. Following the completion of the transaction, the insider now owns 48,191,195 shares of the company’s stock, valued at approximately $3,962,761,964.85. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,145,830 shares of company stock valued at $93,146,812. 1.80% of the stock is owned by corporate insiders.

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.