Creative Planning lowered its position in shares of Kellanova (NYSE:K – Free Report) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,615 shares of the company’s stock after selling 1,189 shares during the quarter. Creative Planning’s holdings in Kellanova were worth $4,569,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of Kellanova by 57.2% in the 2nd quarter. Blue Trust Inc. now owns 467 shares of the company’s stock valued at $27,000 after buying an additional 170 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Kellanova by 1.9% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 9,810 shares of the company’s stock valued at $566,000 after buying an additional 180 shares during the period. IFG Advisory LLC grew its stake in shares of Kellanova by 1.4% in the 2nd quarter. IFG Advisory LLC now owns 13,825 shares of the company’s stock valued at $797,000 after buying an additional 189 shares during the period. Eukles Asset Management grew its stake in shares of Kellanova by 0.7% in the 2nd quarter. Eukles Asset Management now owns 26,378 shares of the company’s stock valued at $1,521,000 after buying an additional 193 shares during the period. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Kellanova by 61.9% in the 2nd 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. Institutional investors own 83.87% of the company’s stock.
Kellanova Stock Up 0.1 %
Kellanova stock opened at $81.02 on Friday. Kellanova has a 1-year low of $49.79 and a 1-year high of $81.26. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 2.59 and a beta of 0.39. The company has a current ratio of 0.73, a quick ratio of 0.48 and a debt-to-equity ratio of 1.46. The firm has a 50 day simple moving average of $80.58 and a 200 day simple moving average of $67.15.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. BNP Paribas raised shares of Kellanova from a “neutral” rating to an “outperform” rating and set a $74.00 price target on the stock in a research report on Monday, August 5th. Barclays raised their price target on shares of Kellanova from $67.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Wells Fargo & Company raised their price target on shares of Kellanova from $76.00 to $83.50 and gave the company an “equal weight” rating in a research report on Thursday, August 15th. Stifel Nicolaus raised their price target on shares of Kellanova from $64.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Kellanova in a research report on Monday, August 12th. They issued a “neutral” rating and a $75.00 price target on the stock. Fifteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.32.
Get Our Latest Stock Analysis on Kellanova
Insider Activity
In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Monday, October 21st. The shares were sold at an average price of $80.96, for a total transaction of $9,276,639.68. Following the completion of the sale, the insider now directly owns 49,795,357 shares of the company’s stock, valued at approximately $4,031,432,102.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Monday, October 21st. The shares were sold at an average price of $80.96, for a total transaction of $9,276,639.68. Following the completion of the sale, the insider now directly owns 49,795,357 shares of the company’s stock, valued at approximately $4,031,432,102.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of Kellanova stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $80.62, for a total transaction of $6,272,236.00. Following the sale, the insider now directly owns 50,597,438 shares of the company’s stock, valued at $4,079,165,451.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,191,081 shares of company stock worth $93,637,014 in the last three months. Corporate insiders own 1.80% of the company’s stock.
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.
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