Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Kellanova NYSE: K. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Kellanova stock on April 8th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/17/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 4/16/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of Texas Instruments NASDAQ: TXN on 4/11/2025.
- Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
- Sold $1,001 - $15,000 in shares of Western Digital NASDAQ: WDC on 4/10/2025.
- Sold $1,001 - $15,000 in shares of DexCom NASDAQ: DXCM on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Invesco NYSE: IVZ on 4/8/2025.
- Sold $1,001 - $15,000 in shares of Generac NYSE: GNRC on 4/8/2025.
Kellanova Stock Performance
NYSE K traded up $0.29 during trading hours on Thursday, hitting $82.09. The company's stock had a trading volume of 243,621 shares, compared to its average volume of 2,689,193. Kellanova has a 12 month low of $55.96 and a 12 month high of $83.22. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. The company has a market cap of $28.48 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 4.21 and a beta of 0.30. The company's 50 day simple moving average is $82.37 and its two-hundred day simple moving average is $81.72.
Kellanova (NYSE:K - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. As a group, sell-side analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.
Kellanova Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.78%. Kellanova's dividend payout ratio is currently 57.58%.
Insider Buying and Selling at Kellanova
In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $81.79, for a total transaction of $9,371,743.57. Following the completion of the sale, the insider now directly owns 46,701,616 shares in the company, valued at approximately $3,819,725,172.64. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 1,374,996 shares of company stock worth $113,211,441 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Kellanova
A number of institutional investors and hedge funds have recently added to or reduced their stakes in K. Independent Advisor Alliance boosted its stake in shares of Kellanova by 16.5% during the fourth quarter. Independent Advisor Alliance now owns 7,203 shares of the company's stock valued at $583,000 after acquiring an additional 1,019 shares during the last quarter. Aviva PLC lifted its holdings in shares of Kellanova by 2.6% during the fourth quarter. Aviva PLC now owns 542,709 shares of the company's stock worth $43,943,000 after buying an additional 13,531 shares during the last quarter. Wedmont Private Capital acquired a new position in Kellanova in the fourth quarter valued at about $384,000. FNY Investment Advisers LLC acquired a new position in Kellanova during the 4th quarter valued at about $2,490,000. Finally, Barclays PLC increased its stake in Kellanova by 134.7% during the 3rd 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. Institutional investors own 83.87% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on K. StockNews.com cut shares of Kellanova from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Royal Bank of Canada cut Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. Thirteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Kellanova presently has an average rating of "Hold" and an average target price of $79.41.
View Our Latest Report on Kellanova
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Kellanova
(
Get Free Report)
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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