Cantor Fitzgerald Investment Advisors L.P. Has $18.14 Million Stock Holdings in Kellanova (NYSE:K)

Cantor Fitzgerald Investment Advisors L.P. cut its stake in shares of Kellanova (NYSE:K) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 224,025 shares of the company’s stock after selling 12,939 shares during the period. Kellanova makes up approximately 1.3% of Cantor Fitzgerald Investment Advisors L.P.’s investment portfolio, making the stock its 23rd largest holding. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Kellanova were worth $18,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Kellanova by 5.2% in the third quarter. State Street Corp now owns 14,725,420 shares of the company’s stock valued at $1,188,489,000 after buying an additional 731,273 shares during the period. Geode Capital Management LLC increased its holdings in Kellanova by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after purchasing an additional 196,564 shares in the last quarter. Barclays PLC raised its stake in shares of Kellanova by 134.7% in the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after purchasing an additional 1,033,383 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kellanova by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,630,609 shares of the company’s stock worth $131,606,000 after buying an additional 35,268 shares during the period. Finally, Ilex Capital Partners UK LLP grew its holdings in shares of Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after buying an additional 632,510 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Friday, November 29th. The stock was sold at an average price of $81.21, for a total transaction of $9,305,285.43. Following the completion of the sale, the insider now owns 49,222,442 shares of the company’s stock, valued at approximately $3,997,354,514.82. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,031,247 shares of company stock worth $83,724,652 over the last three months. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kellanova Stock Up 0.2 %

K stock opened at $82.29 on Friday. The business’s 50 day simple moving average is $81.20 and its 200 day simple moving average is $78.97. Kellanova has a 1-year low of $52.46 and a 1-year high of $82.31. The firm has a market capitalization of $28.37 billion, a PE ratio of 21.26, 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 (NYSE:K) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate that Kellanova will post 3.91 EPS for the current 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.