687 Shares in Kellanova (NYSE:K) Bought by New Wave Wealth Advisors LLC

New Wave Wealth Advisors LLC acquired a new stake in Kellanova (NYSE:K) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 687 shares of the company’s stock, valued at approximately $56,000.

A number of other large investors also recently bought and sold shares of K. Westchester Capital Management LLC purchased a new position in Kellanova in the third quarter worth $107,795,000. Barclays PLC increased its holdings 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 in the last quarter. State Street Corp lifted its stake 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 purchasing an additional 731,273 shares during the period. Ilex Capital Partners UK LLP boosted its holdings in 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. Finally, Syquant Capital Sas acquired a new position in Kellanova during the fourth quarter worth about $29,595,000. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com began coverage on shares of Kellanova in a research report on Friday. They set a “hold” rating for the company. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.35.

Insiders Place Their Bets

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $81.21, for a total value 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 $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 1,031,247 shares of company stock worth $83,724,652 over the last three months. 1.80% of the stock is owned by insiders.

Kellanova Price Performance

Kellanova stock opened at $81.74 on Friday. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.06. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The firm has a 50 day moving average price of $81.13 and a 200 day moving average price of $78.13. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.51 and a beta of 0.37.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts predict that Kellanova will post 3.75 earnings per share 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.