Lester Murray Antman dba SimplyRich Acquires 255 Shares of Kellanova (NYSE:K)

Lester Murray Antman dba SimplyRich increased its holdings in shares of Kellanova (NYSE:K) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,643 shares of the company’s stock after buying an additional 255 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Kellanova were worth $294,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in shares of Kellanova during the 4th quarter valued at $27,000. MCF Advisors LLC grew its stake in shares of Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 137 shares during the period. Capital Advisors Ltd. LLC lifted its stake in 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. Assetmark Inc. boosted its holdings in Kellanova by 26.2% during the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after buying an additional 131 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Kellanova during the third quarter worth about $55,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Stock Performance

Shares of Kellanova stock opened at $82.20 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market cap of $28.33 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.53 and a beta of 0.37. Kellanova has a one year low of $52.46 and a one year high of $82.31. The stock’s 50-day moving average is $81.25 and its 200-day moving average is $79.48.

Kellanova (NYSE:K) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Equities analysts predict that Kellanova will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BNP Paribas cut shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Friday, November 1st. StockNews.com began coverage on shares of Kellanova in a report on Saturday. They issued a “hold” rating for the company. Fourteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.96.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 49,222,442 shares of the company’s stock, valued at approximately $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 1,145,830 shares of company stock valued at $93,146,812 in the last three months. 1.80% of the stock is currently 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.