Kellanova (NYSE:K) Shares Bought by Swedbank AB

Swedbank AB increased its position in shares of Kellanova (NYSE:K) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 276,426 shares of the company’s stock after purchasing an additional 2,905 shares during the period. Swedbank AB’s holdings in Kellanova were worth $22,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fulton Breakefield Broenniman LLC boosted its position in shares of Kellanova by 7.7% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 2,788 shares of the company’s stock worth $226,000 after purchasing an additional 200 shares in the last quarter. Perigon Wealth Management LLC purchased a new stake in shares of Kellanova during the 4th quarter worth approximately $218,000. VCI Wealth Management LLC grew its holdings in shares of Kellanova by 19.0% in the 4th quarter. VCI Wealth Management LLC now owns 15,769 shares of the company’s stock worth $1,277,000 after acquiring an additional 2,518 shares during the period. Foundations Investment Advisors LLC increased its stake in Kellanova by 3.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,236 shares of the company’s stock valued at $505,000 after purchasing an additional 196 shares in the last quarter. Finally, KBC Group NV raised its holdings in Kellanova by 29.1% during the fourth quarter. KBC Group NV now owns 70,037 shares of the company’s stock worth $5,671,000 after purchasing an additional 15,803 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 other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Friday, November 29th. The shares were sold at an average price of $81.21, for a total value of $9,305,285.43. Following the transaction, the insider now owns 49,222,442 shares in the company, valued at $3,997,354,514.82. 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 through this link. Insiders sold 1,031,247 shares of company stock worth $83,724,652 in the last 90 days. 1.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com began coverage on Kellanova in a report on Friday. They issued a “hold” rating on the stock. BNP Paribas cut shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a research report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kellanova currently has a consensus rating of “Hold” and an average price target of $76.35.

Kellanova Stock Up 0.2 %

K stock opened at $81.95 on Friday. Kellanova has a one year low of $52.46 and a one year high of $82.06. The stock has a market capitalization of $28.25 billion, a P/E ratio of 28.16, a PEG ratio of 2.50 and a beta of 0.37. The company has a 50 day moving average price of $81.11 and a two-hundred day moving average price of $78.10. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77.

Kellanova (NYSE:K) last released its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts expect that Kellanova will post 3.75 EPS for the current year.

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.