Bristlecone Advisors LLC Sells 3,904 Shares of Kellanova (NYSE:K)

Bristlecone Advisors LLC lowered its holdings in shares of Kellanova (NYSE:K) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,038 shares of the company’s stock after selling 3,904 shares during the quarter. Bristlecone Advisors LLC’s holdings in Kellanova were worth $4,456,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of K. CVA Family Office LLC lifted its position in shares of Kellanova by 529.3% in the third quarter. CVA Family Office LLC now owns 365 shares of the company’s stock worth $29,000 after purchasing an additional 307 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in shares of Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after acquiring an additional 158 shares during the last quarter. Mather Group LLC. lifted its holdings in Kellanova by 71.3% during the 3rd quarter. Mather Group LLC. now owns 615 shares of the company’s stock valued at $50,000 after purchasing an additional 256 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $80.99, for a total value of $9,280,077.17. Following the transaction, the insider now directly owns 49,337,025 shares in the company, valued at $3,995,805,654.75. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 1,031,247 shares of company stock valued at $83,724,652. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on K. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Friday, November 1st. StockNews.com assumed coverage on Kellanova in a research note on Saturday. They set a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $77.96.

Kellanova Stock Up 0.2 %

Shares of K opened at $82.29 on Monday. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.53 and a beta of 0.37. The stock has a fifty day moving average of $81.21 and a 200-day moving average of $79.14.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping 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%. As a group, sell-side analysts anticipate that Kellanova will post 3.91 earnings per share for the current fiscal year.

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.