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

Bryn Mawr Capital Management LLC lowered its position in shares of Kellanova (NYSE:K) by 1.1% in the 4th quarter, HoldingsChannel reports. 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.

Other hedge funds have also recently bought and sold shares of the company. Alberta Investment Management Corp grew its position in Kellanova by 62.5% in the fourth quarter. Alberta Investment Management Corp now owns 130,000 shares of the company’s stock worth $10,526,000 after buying an additional 50,000 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in shares of Kellanova by 14.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,107 shares of the company’s stock worth $737,000 after acquiring an additional 1,164 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Kellanova by 16.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,985 shares of the company’s stock worth $647,000 after acquiring an additional 1,114 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Kellanova by 1.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 244,300 shares of the company’s stock worth $19,781,000 after purchasing an additional 3,985 shares during the period. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Kellanova by 18.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,494 shares of the company’s stock valued at $121,000 after purchasing an additional 231 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Kellanova

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 Monday, December 9th. The shares were sold at an average price of $80.70, for a total value of $9,246,848.10. Following the completion of the sale, the insider now directly owns 49,107,859 shares of the company’s stock, valued at $3,963,004,221.30. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 1,145,830 shares of company stock valued at $93,291,187 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Kellanova Stock Up 0.0 %

K stock opened at $82.44 on Friday. The company has a 50 day moving average of $81.47 and a two-hundred day moving average of $80.63. The company has a market cap of $28.42 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 4.21 and a beta of 0.37. Kellanova has a 12-month low of $52.46 and a 12-month high of $82.49. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K) last announced 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%. On average, equities analysts anticipate that Kellanova will post 3.93 earnings per share for the current fiscal year.

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.