Kellanova (NYSE:K) Major Shareholder Kellogg W. K. Foundation Trust Sells 114,583 Shares of Stock

Kellanova (NYSE:K) major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $82.25, for a total value of $9,424,451.75. Following the completion of the sale, the insider now owns 48,076,612 shares in the company, valued at $3,954,301,337. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Kellanova Trading Up 0.1 %

NYSE:K opened at $82.26 on Friday. The stock has a 50-day simple moving average of $81.34 and a 200-day simple moving average of $79.84. The stock has a market cap of $28.35 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.53 and a beta of 0.37. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.41. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 0.81.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that Kellanova will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on K. BNP Paribas downgraded Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Friday, November 1st. StockNews.com initiated coverage on Kellanova in a report on Saturday, February 8th. They set a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kellanova has an average rating of “Hold” and a consensus price target of $77.96.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in K. DoubleLine ETF Adviser LP boosted its position in shares of Kellanova by 2.4% in the 4th quarter. DoubleLine ETF Adviser LP now owns 15,374 shares of the company’s stock valued at $1,245,000 after purchasing an additional 358 shares during the period. AQR Arbitrage LLC boosted its position in shares of Kellanova by 35.0% in the 4th quarter. AQR Arbitrage LLC now owns 366,774 shares of the company’s stock valued at $29,676,000 after purchasing an additional 95,057 shares during the period. Nexpoint Asset Management L.P. boosted its position in shares of Kellanova by 2.9% in the 4th quarter. Nexpoint Asset Management L.P. now owns 345,330 shares of the company’s stock valued at $27,961,000 after purchasing an additional 9,790 shares during the period. Westbourne Investments Inc. acquired a new stake in shares of Kellanova in the 4th quarter valued at about $437,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Kellanova by 839.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 68,128 shares of the company’s stock valued at $5,516,000 after purchasing an additional 60,874 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.

Kellanova Company 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.