Creative Planning Sells 1,189 Shares of Kellanova (NYSE:K)

Creative Planning trimmed its position in shares of Kellanova (NYSE:K) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 56,615 shares of the company’s stock after selling 1,189 shares during the quarter. Creative Planning’s holdings in Kellanova were worth $4,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Kellanova by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,616,312 shares of the company’s stock valued at $150,909,000 after buying an additional 277,171 shares during the period. Yacktman Asset Management LP increased its position in shares of Kellanova by 0.5% during the second quarter. Yacktman Asset Management LP now owns 2,141,913 shares of the company’s stock valued at $123,546,000 after buying an additional 10,510 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Kellanova by 766.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,881,625 shares of the company’s stock valued at $108,532,000 after buying an additional 1,664,461 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Kellanova during the second quarter valued at about $88,065,000. Finally, TD Asset Management Inc increased its position in shares of Kellanova by 3.0% during the second quarter. TD Asset Management Inc now owns 1,391,196 shares of the company’s stock valued at $80,244,000 after buying an additional 40,406 shares during the period. 83.87% of the stock is owned by institutional investors.

Kellanova Stock Up 0.1 %

Shares of Kellanova stock opened at $81.02 on Friday. The company has a market cap of $27.70 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 2.59 and a beta of 0.39. The company’s 50 day moving average is $80.58 and its 200 day moving average is $67.15. Kellanova has a twelve month low of $49.79 and a twelve month high of $81.26. The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 1.46.

Kellanova (NYSE:K) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.15 billion. Kellanova had a net margin of 6.72% and a return on equity of 36.74%. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Research analysts anticipate that Kellanova will post 3.7 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Kellanova from $64.00 to $76.00 and gave the company a “hold” rating in a research report on Monday, August 12th. StockNews.com started coverage on shares of Kellanova in a report on Saturday, October 19th. They issued a “hold” rating on the stock. The Goldman Sachs Group started coverage on shares of Kellanova in a report on Monday, August 12th. They issued a “neutral” rating and a $75.00 price objective on the stock. Barclays upped their price objective on shares of Kellanova from $67.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Finally, Bank of America upgraded shares of Kellanova from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $62.00 to $70.00 in a report on Friday, August 2nd. Fifteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $74.32.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $74.01, for a total value of $5,757,978.00. Following the transaction, the insider now directly owns 50,830,838 shares in the company, valued at approximately $3,761,990,320.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.65, for a total value of $9,241,118.95. Following the transaction, the insider now directly owns 50,368,272 shares in the company, valued at approximately $4,062,201,136.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $74.01, for a total transaction of $5,757,978.00. Following the completion of the sale, the insider now directly owns 50,830,838 shares of the company’s stock, valued at approximately $3,761,990,320.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,191,081 shares of company stock worth $93,637,014 over the last quarter. Company insiders own 1.80% of the company’s stock.

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.