Kellanova (NYSE:K) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its position in shares of Kellanova (NYSE:K) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,031 shares of the company’s stock after selling 136 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kellanova were worth $974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in K. Stonebridge Financial Group LLC acquired a new position in shares of Kellanova in the 4th quarter valued at approximately $27,000. MCF Advisors LLC raised its holdings in Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 137 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock valued at $44,000 after acquiring an additional 158 shares during the last quarter. Assetmark Inc. grew its holdings in Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after acquiring an additional 131 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Kellanova in the 3rd quarter worth about $55,000. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Kellanova Stock Up 0.0 %

Kellanova stock opened at $82.44 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. Kellanova has a one year low of $52.46 and a one year high of $82.49. The company has a 50-day simple moving average of $81.47 and a 200-day simple moving average of $80.63. The firm has a market capitalization of $28.42 billion, a P/E ratio of 21.30, a P/E/G ratio of 4.21 and a beta of 0.37.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 EPS 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, equities analysts expect that Kellanova will post 3.93 earnings per share for the current year.

Wall Street Analyst Weigh In

K has been the topic of several research analyst reports. StockNews.com began coverage on shares of Kellanova in a research report on Sunday, February 16th. They set a “hold” rating on the stock. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Friday, November 1st. Finally, Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price for the company in a research report on Tuesday. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Kellanova presently has a consensus rating of “Hold” and an average target price of $77.96.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,954,301,337. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 1,145,830 shares of company stock worth $93,291,187 in the last three months. 1.80% of the stock is owned by company insiders.

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.