Kellanova (NYSE:K) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Kellanova (NYSE:K - Get Free Report) in a research report issued on Sunday. The firm set a "hold" rating on the stock.

Separately, Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $77.96.

Kellanova Trading Up 0.2 %

K stock traded up $0.13 during mid-day trading on Friday, reaching $82.42. 209,526 shares of the stock traded hands, compared to its average volume of 2,719,544. The stock's fifty day moving average is $82.35 and its 200-day moving average is $81.49. The company has a market cap of $28.45 billion, a P/E ratio of 21.30, a P/E/G ratio of 4.21 and a beta of 0.34. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. Kellanova has a 52-week low of $55.60 and a 52-week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. As a group, sell-side analysts expect that Kellanova will post 3.93 earnings per share for the current year.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $81.69, for a total transaction of $9,360,285.27. Following the completion of the transaction, the insider now owns 48,420,361 shares of the company's stock, valued at approximately $3,955,459,290.09. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,260,413 shares of company stock worth $103,672,407 over the last 90 days. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in K. Norges Bank bought a new position in Kellanova during the fourth quarter valued at about $285,126,000. Franklin Resources Inc. increased its position in shares of Kellanova by 869.5% during the fourth quarter. Franklin Resources Inc. now owns 2,579,058 shares of the company's stock valued at $208,826,000 after purchasing an additional 2,313,047 shares during the period. FIL Ltd lifted its position in Kellanova by 182.3% in the fourth quarter. FIL Ltd now owns 2,388,000 shares of the company's stock worth $193,356,000 after purchasing an additional 1,542,000 shares during the period. Barclays PLC boosted its stake 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 buying an additional 1,033,383 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in Kellanova by 136.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 1,745,788 shares of the company's stock valued at $141,356,000 after buying an additional 1,006,100 shares during the period. 83.87% of the stock is owned by institutional investors.

About Kellanova

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.