Teachers Retirement System of The State of Kentucky Has $1.72 Million Holdings in Kellanova (NYSE:K)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of Kellanova (NYSE:K) by 5.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,781 shares of the company’s stock after buying an additional 990 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Kellanova were worth $1,715,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in K. Teacher Retirement System of Texas bought a new position in shares of Kellanova in the 4th quarter valued at about $209,000. LPL Financial LLC grew its holdings in shares of Kellanova by 0.8% in the 4th quarter. LPL Financial LLC now owns 106,325 shares of the company’s stock valued at $8,609,000 after acquiring an additional 842 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Kellanova by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 434,182 shares of the company’s stock valued at $35,260,000 after acquiring an additional 14,136 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Kellanova by 23.0% in the 4th quarter. UniSuper Management Pty Ltd now owns 31,250 shares of the company’s stock valued at $2,530,000 after acquiring an additional 5,852 shares in the last quarter. Finally, NEOS Investment Management LLC grew its holdings in shares of Kellanova by 28.5% in the 4th quarter. NEOS Investment Management LLC now owns 11,183 shares of the company’s stock valued at $905,000 after acquiring an additional 2,483 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $79.54, for a total value of $9,113,931.82. Following the transaction, the insider owned 45,784,952 shares in the company, valued at $3,641,735,082.08. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 1,374,996 shares of company stock valued at $111,198,218 in the last quarter. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on K. Wall Street Zen cut Kellanova from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Citigroup upgraded Kellanova to a “neutral” rating and set a $83.50 price target for the company in a report on Thursday, May 29th. Fourteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Kellanova presently has an average rating of “Hold” and a consensus price target of $79.75.

Kellanova Stock Performance

NYSE K opened at $79.88 on Friday. The firm’s fifty day moving average price is $80.53 and its two-hundred day moving average price is $81.63. The stock has a market cap of $27.71 billion, a PE ratio of 20.17, a PEG ratio of 4.25 and a beta of 0.28. Kellanova has a fifty-two week low of $56.62 and a fifty-two week high of $83.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.52 and a current ratio of 0.80.

Kellanova (NYSE:K) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.11). Kellanova had a return on equity of 34.80% and a net margin of 10.93%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the firm earned $1.01 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova 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.