AlphaMark Advisors LLC Has $130,000 Holdings in Kellanova (NYSE:K)

AlphaMark Advisors LLC decreased its position in shares of Kellanova (NYSE:K) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,600 shares of the company’s stock after selling 335 shares during the period. AlphaMark Advisors LLC’s holdings in Kellanova were worth $130,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CVA Family Office LLC increased its position in Kellanova by 529.3% during the third quarter. CVA Family Office LLC now owns 365 shares of the company’s stock worth $29,000 after acquiring an additional 307 shares during the period. MCF Advisors LLC grew its position in Kellanova by 48.8% in the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 137 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Kellanova by 61.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock worth $30,000 after purchasing an additional 200 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Kellanova by 41.4% during the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock valued at $44,000 after buying an additional 158 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Kellanova by 71.3% in the third quarter. Mather Group LLC. now owns 615 shares of the company’s stock valued at $50,000 after buying an additional 256 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

K has been the subject of several recent research reports. StockNews.com started coverage on Kellanova in a report on Thursday. They issued a “hold” rating for the company. BNP Paribas cut 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. Finally, Argus lowered shares of Kellanova from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Fifteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.35.

Kellanova Stock Performance

NYSE K opened at $81.87 on Friday. Kellanova has a 1-year low of $52.46 and a 1-year high of $81.91. The company has a 50 day moving average of $81.03 and a 200-day moving average of $77.28. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 2.50 and a beta of 0.37.

Kellanova (NYSE:K) last announced its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts forecast that Kellanova will post 3.75 earnings per share for the current fiscal year.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $80.99, for a total transaction of $9,280,077.17. Following the completion of the sale, the insider now owns 49,337,025 shares in the company, valued at approximately $3,995,805,654.75. The trade was a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,031,247 shares of company stock valued at $83,592,882 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

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.