Leo Wealth LLC Has $1.61 Million Stock Position in Kellanova (NYSE:K)

Leo Wealth LLC lessened its holdings in shares of Kellanova (NYSE:K) by 24.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,827 shares of the company’s stock after selling 6,433 shares during the quarter. Leo Wealth LLC’s holdings in Kellanova were worth $1,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC lifted its stake in shares of Kellanova by 529.3% during the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company’s stock worth $29,000 after buying an additional 307 shares during the last quarter. MCF Advisors LLC lifted its position in Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Kellanova by 41.4% during the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after acquiring an additional 158 shares during the period. Mather Group LLC. grew its position 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 purchasing an additional 256 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Kellanova by 26.2% during the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after purchasing an additional 131 shares during the period. Institutional investors own 83.87% of the company’s stock.

Kellanova Stock Performance

NYSE K opened at $82.05 on Friday. The firm’s 50 day simple moving average is $81.18 and its 200 day simple moving average is $78.95. The firm has a market capitalization of $28.28 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 2.51 and a beta of 0.37. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.16.

Kellanova (NYSE:K) last issued its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. As a group, research analysts expect that Kellanova will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the sale, the insider now owns 48,305,778 shares in the company, valued at $3,956,726,275.98. The trade was a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 1,031,247 shares of company stock worth $83,724,652 over the last 90 days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

K has been the subject of several recent research reports. StockNews.com assumed coverage on Kellanova in a research note on Friday, January 31st. They issued a “hold” rating for the company. 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 research note on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Kellanova presently has an average rating of “Hold” and an average target price of $77.96.

Kellanova 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.