Kellanova (NYSE:K) Shares Sold by Bristlecone Advisors LLC

Bristlecone Advisors LLC cut its stake in Kellanova (NYSE:K) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,038 shares of the company’s stock after selling 3,904 shares during the quarter. Bristlecone Advisors LLC’s holdings in Kellanova were worth $4,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of K. Savant Capital LLC grew its holdings in Kellanova by 5.4% during the 4th quarter. Savant Capital LLC now owns 14,778 shares of the company’s stock worth $1,197,000 after acquiring an additional 763 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Kellanova by 20.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,465 shares of the company’s stock worth $281,000 after purchasing an additional 598 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of 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 buying an additional 757 shares during the period. Samson Rock Capital LLP acquired a new position in Kellanova in the fourth quarter valued at approximately $18,218,000. Finally, Bright Financial Advisors Inc. bought a new position in shares of Kellanova during the fourth quarter valued at approximately $225,000. Institutional investors and hedge funds 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 Kellanova stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $80.64, for a total transaction of $9,239,973.12. Following the sale, the insider now directly owns 48,878,693 shares of the company’s stock, valued at approximately $3,941,577,803.52. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 1,031,247 shares of company stock worth $83,724,652 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Kellanova Trading Up 0.2 %

Shares of NYSE:K opened at $82.29 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $28.37 billion, a PE ratio of 21.26, a P/E/G ratio of 2.53 and a beta of 0.37. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.31. The firm has a fifty day moving average price of $81.21 and a 200 day moving average price of $79.14.

Kellanova (NYSE:K) last issued its quarterly earnings data 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 return on equity of 37.25% and a net margin of 10.53%. Analysts expect that Kellanova will post 3.91 EPS for the current fiscal year.

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.