Savant Capital LLC Raises Position in Kellanova (NYSE:K)

Savant Capital LLC raised its holdings in shares of Kellanova (NYSE:K) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,778 shares of the company’s stock after buying an additional 763 shares during the quarter. Savant Capital LLC’s holdings in Kellanova were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC grew its position in Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 137 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Kellanova by 41.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after purchasing an additional 158 shares in the last quarter. Assetmark Inc. increased its position in shares of Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $51,000 after purchasing an additional 131 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Kellanova during the 3rd quarter valued at about $55,000. Finally, New Wave Wealth Advisors LLC bought a new stake in Kellanova in the 4th quarter worth approximately $56,000. 83.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 49,222,442 shares in the company, valued at $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 1,260,413 shares of company stock valued at $102,571,264. Company insiders own 1.80% of the company’s stock.

Kellanova Stock Up 0.1 %

K stock opened at $82.26 on Friday. The business’s 50-day moving average is $81.34 and its two-hundred day moving average is $79.84. The company has a market cap of $28.35 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.53 and a beta of 0.37. Kellanova has a fifty-two week low of $52.46 and a fifty-two week 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 posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Kellanova will post 3.91 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on K shares. StockNews.com assumed coverage on shares of Kellanova in a research note on Saturday, February 8th. They set 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 price target for the company. in a research report on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.