Fulton Breakefield Broenniman LLC Buys 200 Shares of Kellanova (NYSE:K)

Fulton Breakefield Broenniman LLC raised its stake in Kellanova (NYSE:K) by 7.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,788 shares of the company’s stock after purchasing an additional 200 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Kellanova were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in K. Westchester Capital Management LLC acquired a new stake in Kellanova in the third quarter worth about $107,795,000. Barclays PLC boosted its stake in 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 purchasing an additional 1,033,383 shares in the last quarter. State Street Corp grew its position in Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company’s stock worth $1,188,489,000 after purchasing an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP increased its stake in Kellanova by 63.8% during the 3rd 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 in the last quarter. Finally, Syquant Capital Sas purchased a new position in shares of Kellanova in the fourth quarter worth $29,595,000. 83.87% of the stock is currently owned by institutional investors.

Kellanova Price Performance

K stock opened at $81.82 on Wednesday. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.06. The firm has a market capitalization of $28.20 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. 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 business has a 50 day simple moving average of $81.06 and a 200-day simple moving average of $77.75.

Kellanova (NYSE:K) last issued its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. Kellanova’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Equities research analysts anticipate 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 Kellanova 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 completion of the transaction, the insider now owns 49,222,442 shares in the company, valued at approximately $3,997,354,514.82. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,031,247 shares of company stock worth $83,724,652 over the last three months. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

K has been the topic of several research reports. 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 report on Friday, November 1st. Argus downgraded Kellanova from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, StockNews.com started coverage on shares of Kellanova in a research note on Thursday, January 23rd. They set a “hold” rating on the stock. Fifteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Kellanova presently has a consensus rating of “Hold” and a consensus target price 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.