VCI Wealth Management LLC Buys 2,518 Shares of Kellanova (NYSE:K)

VCI Wealth Management LLC grew its stake in shares of Kellanova (NYSE:K) by 19.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,769 shares of the company’s stock after acquiring an additional 2,518 shares during the quarter. VCI Wealth Management LLC’s holdings in Kellanova were worth $1,277,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. CVA Family Office LLC increased its holdings in Kellanova by 529.3% in the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company’s stock worth $29,000 after purchasing an additional 307 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in shares of Kellanova by 61.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $30,000 after buying an additional 200 shares during the period. MCF Advisors LLC increased its stake in shares of Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after buying an additional 137 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Kellanova by 41.4% in the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock valued at $44,000 after buying an additional 158 shares during the period. Finally, Mather Group LLC. increased its stake 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 buying an additional 256 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on K shares. Argus cut Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. Finally, StockNews.com started coverage on Kellanova in a report on Thursday, January 23rd. They issued a “hold” rating on the stock. Fifteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.35.

Kellanova Stock Performance

Kellanova stock opened at $81.97 on Tuesday. The firm has a 50 day simple moving average of $81.03 and a 200-day simple moving average of $77.57. Kellanova has a 1-year low of $52.46 and a 1-year high of $82.06. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.53. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. On average, analysts expect that Kellanova will post 3.75 EPS for the current year.

Insider Buying and Selling

In other Kellanova 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 transaction of $9,305,285.43. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 916,664 shares of company stock worth $74,339,159 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

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.