Ledyard National Bank Sells 158 Shares of Kellanova (NYSE:K)

Ledyard National Bank trimmed its position in Kellanova (NYSE:K) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 3,855 shares of the company’s stock after selling 158 shares during the quarter. Ledyard National Bank’s holdings in Kellanova were worth $312,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of K. Bleakley Financial Group LLC purchased a new position in shares of Kellanova in the 4th quarter worth about $250,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Kellanova by 29.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,849 shares of the company’s stock valued at $2,421,000 after acquiring an additional 6,731 shares during the last quarter. Optas LLC bought a new position in shares of Kellanova during the 4th quarter valued at approximately $273,000. CENTRAL TRUST Co increased its stake in shares of Kellanova by 0.7% during the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock worth $1,820,000 after purchasing an additional 162 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in shares of Kellanova by 4,639.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 190,732 shares of the company’s stock worth $15,444,000 after purchasing an additional 186,708 shares during the period. Institutional investors own 83.87% of the company’s stock.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $81.91, for a total value of $9,385,493.53. Following the completion of the transaction, the insider now owns 48,305,778 shares of the company’s stock, valued at $3,956,726,275.98. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,031,247 shares of company stock worth $83,724,652 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Kellanova Price Performance

K stock opened at $82.29 on Friday. The firm has a 50 day moving average of $81.20 and a 200-day moving average of $78.97. The firm has a market capitalization of $28.37 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.31. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

Kellanova (NYSE:K) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. As a group, sell-side analysts predict that Kellanova will post 3.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.