Trust Point Inc. Has $620,000 Position in Kellanova (NYSE:K)

Trust Point Inc. lessened its holdings in Kellanova (NYSE:K) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,652 shares of the company’s stock after selling 604 shares during the period. Trust Point Inc.’s holdings in Kellanova were worth $620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optas LLC acquired a new stake in shares of Kellanova in the 4th quarter valued at $273,000. CENTRAL TRUST Co lifted its holdings in Kellanova by 0.7% during the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock valued at $1,820,000 after purchasing an additional 162 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in Kellanova by 4,639.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 190,732 shares of the company’s stock valued at $15,444,000 after buying an additional 186,708 shares in the last quarter. Spire Wealth Management grew its stake in Kellanova by 55.9% during the fourth quarter. Spire Wealth Management now owns 1,377 shares of the company’s stock worth $111,000 after buying an additional 494 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in shares of Kellanova by 11.6% during the fourth quarter. Caprock Group LLC now owns 3,349 shares of the company’s stock worth $271,000 after buying an additional 348 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BNP Paribas downgraded 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. StockNews.com initiated coverage on Kellanova in a research note on Friday, January 31st. They issued a “hold” rating for the company. Fourteen research 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, Kellanova presently has a consensus rating of “Hold” and a consensus price target of $77.96.

Kellanova Stock Down 0.0 %

Shares of NYSE K opened at $81.74 on Wednesday. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.06. The firm’s 50-day moving average is $81.15 and its 200-day moving average is $78.62. 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 capitalization of $28.18 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.

Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 49,222,442 shares in the company, valued at approximately $3,997,354,514.82. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 1,031,247 shares of company stock valued at $83,724,652. 1.80% of the stock is currently owned by insiders.

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.