Strategic Financial Concepts LLC Invests $1.31 Million in Kellanova (NYSE:K)

Strategic Financial Concepts LLC purchased a new stake in Kellanova (NYSE:K) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,194 shares of the company’s stock, valued at approximately $1,311,000.

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

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 1,145,830 shares of company stock worth $93,146,812. Corporate insiders own 1.80% of the company’s stock.

Kellanova Stock Performance

K stock opened at $82.27 on Tuesday. Kellanova has a 12-month low of $52.46 and a 12-month high of $82.31. The stock’s 50 day simple moving average is $81.21 and its 200 day simple moving average is $79.30. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $28.36 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.53 and a beta of 0.37.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on K shares. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. StockNews.com began coverage on Kellanova in a report on Saturday. They set a “hold” rating on the stock. 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 currently has a consensus rating of “Hold” and an average price target of $77.96.

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.