Kellanova (NYSE:K) Position Reduced by AlphaMark Advisors LLC

AlphaMark Advisors LLC reduced its position in shares of Kellanova (NYSE:K) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,600 shares of the company’s stock after selling 335 shares during the quarter. AlphaMark Advisors LLC’s holdings in Kellanova were worth $130,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. State Street Corp boosted its holdings in Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company’s stock worth $1,188,489,000 after buying an additional 731,273 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kellanova by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after acquiring an additional 196,564 shares in the last quarter. Barclays PLC grew its holdings in shares of Kellanova by 134.7% in the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after acquiring an additional 1,033,383 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Kellanova by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,630,609 shares of the company’s stock worth $131,606,000 after purchasing an additional 35,268 shares during the period. Finally, Ilex Capital Partners UK LLP lifted its holdings in shares of Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock valued at $131,091,000 after purchasing an additional 632,510 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Trading Up 0.1 %

NYSE K opened at $81.87 on Friday. 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 $81.91. The firm’s fifty day simple moving average is $81.03 and its 200-day simple moving average is $77.28. The company has a market capitalization of $28.22 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.

Kellanova (NYSE:K) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.06. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.16 billion. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. As a group, sell-side analysts anticipate that Kellanova will post 3.75 earnings per share for the current fiscal year.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $80.99, for a total value of $9,280,077.17. Following the completion of the sale, the insider now owns 49,337,025 shares of the company’s stock, valued at $3,995,805,654.75. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 1,031,247 shares of company stock valued at $83,592,882. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

K has been the topic of a number of analyst reports. BNP Paribas cut 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. Argus downgraded shares of Kellanova from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, StockNews.com began coverage on shares of Kellanova in a research report on Thursday. They issued a “hold” rating for the company. Fifteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.35.

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.