Samson Rock Capital LLP Takes $18.22 Million Position in Kellanova (NYSE:K)

Samson Rock Capital LLP bought a new position in shares of Kellanova (NYSE:K) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 225,000 shares of the company’s stock, valued at approximately $18,218,000. Kellanova accounts for approximately 14.0% of Samson Rock Capital LLP’s investment portfolio, making the stock its 3rd biggest holding. Samson Rock Capital LLP owned 0.07% of Kellanova as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Kellanova during the 2nd quarter valued at about $482,000. Czech National Bank grew its holdings in Kellanova by 8.9% during the third quarter. Czech National Bank now owns 54,651 shares of the company’s stock worth $4,411,000 after acquiring an additional 4,486 shares during the period. Mather Group LLC. raised its position in Kellanova by 71.3% during the third quarter. Mather Group LLC. now owns 615 shares of the company’s stock valued at $50,000 after acquiring an additional 256 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Kellanova in the third quarter valued at approximately $257,000. Finally, CWM LLC grew its stake in shares of Kellanova by 20.8% during the 3rd quarter. CWM LLC now owns 12,426 shares of the company’s stock worth $1,003,000 after purchasing an additional 2,140 shares during the period. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $80.64, for a total value of $9,239,973.12. Following the completion of the sale, the insider now owns 48,878,693 shares of the company’s stock, valued at approximately $3,941,577,803.52. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 1,031,247 shares of company stock worth $83,724,652 in the last ninety days. Insiders own 1.80% of the company’s stock.

Kellanova Stock Up 0.2 %

NYSE K opened at $82.29 on Friday. The business has a fifty day moving average price of $81.20 and a 200 day moving average price of $78.97. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market cap of $28.37 billion, a P/E ratio of 21.26, a P/E/G ratio of 2.53 and a beta of 0.37. Kellanova has a one year low of $52.46 and a one year high of $82.31.

Kellanova (NYSE:K) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping 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%. Research analysts anticipate that Kellanova will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

K has been the topic of a number of recent analyst reports. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. StockNews.com initiated coverage on shares of Kellanova in a research note on Saturday. They set a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $77.96.

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.