V Square Quantitative Management LLC Trims Position in Kellanova (NYSE:K)

V Square Quantitative Management LLC trimmed its holdings in Kellanova (NYSE:K) by 1.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,133 shares of the company’s stock after selling 124 shares during the quarter. V Square Quantitative Management LLC’s holdings in Kellanova were worth $578,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in K. Westchester Capital Management LLC purchased a new stake in shares of Kellanova in the third quarter valued at about $107,795,000. Barclays PLC raised its holdings in Kellanova by 134.7% during the third 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 raised its holdings in Kellanova by 5.2% during the third 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 in the last quarter. Ilex Capital Partners UK LLP raised its holdings in Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after purchasing an additional 632,510 shares in the last quarter. Finally, Syquant Capital Sas purchased a new position in Kellanova during the fourth quarter worth about $29,595,000. 83.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several 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 target for the company. in a report on Friday, November 1st. StockNews.com assumed coverage on shares of Kellanova in a report on Sunday. They set a “hold” rating for the company. Fourteen equities research 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 company currently has a consensus rating of “Hold” and a consensus target price of $77.96.

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the 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 sale, the insider now directly owns 49,222,442 shares in the company, valued at $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,260,413 shares of company stock worth $102,571,264 over the last ninety days. 1.80% of the stock is currently owned by insiders.

Kellanova Trading Up 0.1 %

Shares of K opened at $82.26 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. The firm’s 50-day moving average is $81.37 and its two-hundred day moving average is $79.86. Kellanova has a twelve month low of $52.46 and a twelve month high of $82.41. The firm has a market capitalization of $28.35 billion, a P/E ratio of 21.25, a PEG ratio of 2.53 and a beta of 0.37.

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

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.