Eukles Asset Management Lowers Holdings in Kellanova (NYSE:K)

Eukles Asset Management lowered its position in shares of Kellanova (NYSE:K) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,894 shares of the company’s stock after selling 1,111 shares during the period. Eukles Asset Management’s holdings in Kellanova were worth $1,935,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its stake in Kellanova by 5.2% in the third quarter. State Street Corp now owns 14,725,420 shares of the company’s stock valued at $1,188,489,000 after acquiring an additional 731,273 shares in the last quarter. Geode Capital Management LLC lifted its position in Kellanova by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after acquiring an additional 196,564 shares during the period. Barclays PLC grew its stake in Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after purchasing an additional 1,033,383 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Kellanova by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,630,609 shares of the company’s stock valued at $131,606,000 after purchasing an additional 35,268 shares during the period. Finally, Ilex Capital Partners UK LLP raised its stake in shares of Kellanova by 63.8% in the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after purchasing an additional 632,510 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Wall Street Analysts Forecast Growth

K has been the topic of a number of recent research reports. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research report on Friday, November 1st. StockNews.com assumed coverage on shares of Kellanova in a report on Saturday. They issued a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.96.

Kellanova Trading Up 0.2 %

K stock opened at $82.29 on Monday. 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 $82.31. The company’s 50-day simple moving average is $81.21 and its 200-day simple moving average is $79.14. The firm has a market cap of $28.37 billion, a P/E ratio of 21.26, a PEG ratio of 2.53 and a beta of 0.37.

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

Insiders Place Their Bets

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $81.21, for a total value of $9,305,285.43. Following the completion of the transaction, the insider now directly owns 49,222,442 shares of the company’s stock, valued at approximately $3,997,354,514.82. This represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 1,031,247 shares of company stock worth $83,724,652. Company insiders own 1.80% of the company’s stock.

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.