Raab & Moskowitz Asset Management LLC Has $487,000 Stake in Kellanova (NYSE:K)

Raab & Moskowitz Asset Management LLC lessened its position in Kellanova (NYSE:K) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,010 shares of the company’s stock after selling 398 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Kellanova were worth $487,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lester Murray Antman dba SimplyRich raised its stake in shares of Kellanova by 7.5% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 3,643 shares of the company’s stock valued at $294,000 after acquiring an additional 255 shares during the last quarter. Quent Capital LLC raised its position in Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company’s stock worth $67,000 after purchasing an additional 140 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Kellanova during the 4th quarter worth $27,000. Savant Capital LLC lifted its holdings in Kellanova by 5.4% during the 4th quarter. Savant Capital LLC now owns 14,778 shares of the company’s stock worth $1,197,000 after buying an additional 763 shares during the period. Finally, Kingsview Wealth Management LLC grew its position in shares of Kellanova by 20.9% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,465 shares of the company’s stock valued at $281,000 after buying an additional 598 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on K shares. StockNews.com started coverage on Kellanova in a research report on Saturday, February 8th. They set a “hold” rating for the company. BNP Paribas lowered 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. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.96.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 49,222,442 shares of the company’s stock, valued at approximately $3,997,354,514.82. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 1,145,830 shares of company stock valued at $93,146,812. 1.80% of the stock is owned by company insiders.

Kellanova Trading Down 0.0 %

NYSE:K opened at $82.18 on Thursday. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.34. 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 stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 2.53 and a beta of 0.37. The firm has a fifty day simple moving average of $81.28 and a two-hundred day simple moving average of $79.65.

Kellanova (NYSE:K) last issued its earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Analysts expect that Kellanova will post 3.91 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.