334 Shares in Kellanova (NYSE:K) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new stake in shares of Kellanova (NYSE:K) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 334 shares of the company’s stock, valued at approximately $27,000.

Several other large investors have also bought and sold shares of K. Toronto Dominion Bank raised its position in Kellanova by 5.1% in the 3rd quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock worth $14,435,000 after buying an additional 8,686 shares during the last quarter. Principal Financial Group Inc. lifted its position in 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 purchasing an additional 24,067 shares during the period. Wedmont Private Capital purchased a new stake in Kellanova in the fourth quarter worth approximately $384,000. Barclays PLC grew its position in Kellanova by 134.7% in the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Kellanova during the 3rd quarter valued at $4,211,000. 83.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on K. StockNews.com started coverage on Kellanova in a report on Saturday, February 8th. They issued 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 on the stock. in a research note on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.96.

Kellanova Stock Performance

Shares of NYSE K opened at $82.26 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.53. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.41. The firm has a fifty day moving average price of $81.34 and a 200-day moving average price of $79.84. The stock has a market cap of $28.35 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.53 and a beta of 0.37.

Kellanova (NYSE:K) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Equities analysts anticipate that Kellanova will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $80.99, for a total transaction of $9,280,077.17. Following the completion of the transaction, the insider now owns 49,337,025 shares of the company’s stock, valued at $3,995,805,654.75. This represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 1,260,413 shares of company stock valued at $102,571,264. 1.80% of the stock is owned by company insiders.

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.