Kellanova (NYSE:K) Given Consensus Rating of “Hold” by Brokerages

Kellanova (NYSE:K) has been given a consensus rating of “Hold” by the fourteen brokerages that are covering the company, Marketbeat reports. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $77.96.

A number of equities research analysts have issued reports on the company. StockNews.com assumed coverage on Kellanova in a research report on Sunday. They issued a “hold” rating on the stock. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Friday, November 1st.

Kellanova Price Performance

K opened at $82.26 on Monday. The stock’s 50-day moving average price is $81.37 and its 200 day moving average price is $80.02. Kellanova has a 12-month low of $52.46 and a 12-month high of $82.41. 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 has a market cap of $28.35 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 2.53 and a beta of 0.37.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Kellanova will post 3.91 earnings per share for the current year.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $82.25, for a total transaction of $9,424,451.75. Following the transaction, the insider now owns 48,076,612 shares of the company’s stock, valued at $3,954,301,337. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 1,260,413 shares of company stock worth $102,571,264 over the last 90 days. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in K. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Kellanova by 0.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,273 shares of the company’s stock worth $3,008,000 after buying an additional 324 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of Kellanova in the third quarter valued at approximately $204,000. Chicago Capital LLC acquired a new position in shares of Kellanova in the third quarter valued at approximately $207,000. Northwest Investment Counselors LLC acquired a new position in shares of Kellanova in the third quarter valued at approximately $218,000. Finally, Foundations Investment Advisors LLC acquired a new position in shares of Kellanova in the third quarter valued at approximately $488,000. Institutional investors and hedge funds own 83.87% of the company’s stock.

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.