Kellanova (NYSE:K) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Kellanova (NYSE:K) in a report published on Sunday morning. The brokerage issued a hold rating on the stock.

Separately, BNP Paribas lowered shares of 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. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $77.96.

Kellanova Trading Up 0.1 %

NYSE K opened at $82.34 on Friday. Kellanova has a one year low of $52.46 and a one year high of $82.41. The company has a 50-day simple moving average of $81.40 and a 200-day simple moving average of $80.35. 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 firm has a market capitalization of $28.38 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 2.53 and a beta of 0.37.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Kellanova will post 3.91 earnings per share for the current year.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $81.21, for a total value of $9,305,285.43. Following the sale, the insider now directly owns 49,222,442 shares in the company, valued at $3,997,354,514.82. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 1,260,413 shares of company stock valued at $102,571,264. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Kellanova

Hedge funds and other institutional investors have recently made changes to their positions in the business. Stonebridge Financial Group LLC bought a new stake in shares of Kellanova in the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Kellanova in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Kellanova during the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Kellanova during the fourth quarter valued at approximately $32,000. Finally, MCF Advisors LLC raised its holdings in shares of Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 137 shares during the period. 83.87% of the stock is currently owned by institutional investors.

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.