Lester Murray Antman dba SimplyRich Has $294,000 Stock Holdings in Kellanova (NYSE:K)

Lester Murray Antman dba SimplyRich boosted its stake in Kellanova (NYSE:K) by 7.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,643 shares of the company’s stock after buying an additional 255 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Kellanova were worth $294,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Quent Capital LLC increased its position in Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company’s stock worth $67,000 after buying an additional 140 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Kellanova in the fourth quarter valued at about $27,000. Savant Capital LLC increased its position in Kellanova by 5.4% during the fourth quarter. Savant Capital LLC now owns 14,778 shares of the company’s stock worth $1,197,000 after acquiring an additional 763 shares during the period. Kingsview Wealth Management LLC raised its stake in Kellanova by 20.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,465 shares of the company’s stock worth $281,000 after purchasing an additional 598 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in Kellanova by 13.4% in the 4th quarter. Apollon Wealth Management LLC now owns 6,388 shares of the company’s stock valued at $517,000 after purchasing an additional 757 shares during the period. 83.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on K shares. BNP Paribas cut shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Friday, November 1st. StockNews.com assumed coverage on Kellanova in a research note on Saturday. They set a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Kellanova presently has an average rating of “Hold” and a consensus price target of $77.96.

Kellanova Stock Down 0.1 %

Shares of NYSE K opened at $82.20 on Wednesday. The company has a market cap of $28.33 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.53 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.31. The stock has a 50-day moving average price of $81.25 and a two-hundred day moving average price of $79.48.

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 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 fiscal year.

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $80.99, for a total transaction of $9,280,077.17. Following the transaction, the insider now owns 49,337,025 shares in the company, valued at approximately $3,995,805,654.75. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 1,145,830 shares of company stock worth $93,146,812. Insiders own 1.80% of the company’s stock.

Kellanova 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.