Fruth Investment Management Has $216,000 Position in Kellanova (NYSE:K)

Fruth Investment Management decreased its stake in Kellanova (NYSE:K) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,670 shares of the company’s stock after selling 315 shares during the period. Fruth Investment Management’s holdings in Kellanova were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in K. Mirae Asset Global Investments Co. Ltd. raised its stake in Kellanova by 29.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,849 shares of the company’s stock worth $2,421,000 after buying an additional 6,731 shares during the last quarter. Optas LLC acquired a new stake in Kellanova during the 4th quarter worth about $273,000. CENTRAL TRUST Co raised its position in shares of Kellanova by 0.7% in the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock worth $1,820,000 after acquiring an additional 162 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake 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 valued at $15,444,000 after purchasing an additional 186,708 shares during the period. Finally, Spire Wealth Management boosted its position in shares of Kellanova by 55.9% during the 4th quarter. Spire Wealth Management now owns 1,377 shares of the company’s stock valued at $111,000 after purchasing an additional 494 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

K has been the topic of several research analyst reports. BNP Paribas lowered shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Friday, November 1st. StockNews.com began coverage on shares of Kellanova in a research report on Friday, January 31st. They set a “hold” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.96.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the sale, the insider now owns 48,305,778 shares of the company’s stock, valued at approximately $3,956,726,275.98. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 1,031,247 shares of company stock worth $83,724,652 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Kellanova Trading Up 0.1 %

NYSE:K opened at $81.86 on Thursday. The firm’s 50 day moving average is $81.16 and its 200 day moving average is $78.78. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.06. The stock has a market capitalization of $28.22 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. 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 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.