2,782 Shares in Kellanova (NYSE:K) Acquired by Bright Financial Advisors Inc.

Bright Financial Advisors Inc. bought a new stake in shares of Kellanova (NYSE:K) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,782 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC raised its stake in Kellanova by 529.3% in the third quarter. CVA Family Office LLC now owns 365 shares of the company’s stock valued at $29,000 after purchasing an additional 307 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Kellanova by 48.8% in the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after buying an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock valued at $44,000 after buying an additional 158 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Kellanova by 71.3% during the 3rd quarter. Mather Group LLC. now owns 615 shares of the company’s stock worth $50,000 after acquiring an additional 256 shares during the last quarter. Finally, Assetmark Inc. grew its position in Kellanova by 26.2% in the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on K shares. StockNews.com initiated coverage on Kellanova in a report on Friday, January 31st. They issued 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 for the company. in a research note on Friday, November 1st. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.96.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova 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 completion of the transaction, the insider now owns 48,305,778 shares in the company, valued at approximately $3,956,726,275.98. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,031,247 shares of company stock worth $83,724,652 in the last quarter. 1.80% of the stock is owned by company insiders.

Kellanova Trading Up 0.2 %

NYSE K opened at $82.05 on Friday. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $82.16. 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 stock has a 50 day simple moving average of $81.20 and a two-hundred day simple moving average of $78.97. The stock has a market cap of $28.28 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37.

Kellanova (NYSE:K) last released its earnings results on Thursday, February 6th. The company reported $0.92 EPS 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%. On average, analysts forecast 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.