Valeo Financial Advisors LLC Has $1.11 Million Stake in Kellanova (NYSE:K)

Valeo Financial Advisors LLC trimmed its stake in Kellanova (NYSE:K) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,751 shares of the company’s stock after selling 598 shares during the period. Valeo Financial Advisors LLC’s holdings in Kellanova were worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Investors Research Corp lifted its holdings in shares of Kellanova by 1.0% during the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company’s stock worth $1,049,000 after acquiring an additional 125 shares during the period. Assetmark Inc. lifted its holdings in shares of Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after acquiring an additional 131 shares during the period. MCF Advisors LLC lifted its holdings in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 137 shares during the period. S.A. Mason LLC lifted its holdings in shares of Kellanova by 7.6% during the 3rd quarter. S.A. Mason LLC now owns 1,987 shares of the company’s stock worth $160,000 after acquiring an additional 140 shares during the period. Finally, Quent Capital LLC lifted its holdings in shares of Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company’s stock worth $67,000 after acquiring an additional 140 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’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 transaction, the insider now directly owns 48,878,693 shares of the company’s stock, valued at approximately $3,941,577,803.52. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 1,260,413 shares of company stock valued at $102,571,264. Insiders own 1.80% of the company’s stock.

Kellanova Trading Up 0.1 %

Shares of K stock opened at $82.26 on Friday. Kellanova has a 12-month low of $52.46 and a 12-month high of $82.41. The company has a market capitalization of $28.35 billion, a P/E ratio of 21.25, a P/E/G ratio of 2.53 and a beta of 0.37. The firm has a 50-day moving average price of $81.37 and a 200 day moving average price of $79.86. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K) last announced its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. Research analysts forecast that Kellanova will post 3.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on K shares. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Friday, November 1st. StockNews.com started coverage on shares of Kellanova in a report on Sunday. They set a “hold” rating for the company. Fourteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Kellanova presently has a consensus rating of “Hold” and an average target price of $77.96.

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.