Raab & Moskowitz Asset Management LLC Cuts Stock Holdings in Kellanova (NYSE:K)

Raab & Moskowitz Asset Management LLC decreased its position in Kellanova (NYSE:K) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,010 shares of the company’s stock after selling 398 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Kellanova were worth $487,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in Kellanova during the fourth quarter worth $27,000. MCF Advisors LLC raised its stake in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after purchasing an additional 137 shares during the period. Capital Advisors Ltd. LLC raised its stake in shares of Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after purchasing an additional 158 shares during the period. Assetmark Inc. boosted its holdings in shares of Kellanova by 26.2% in the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after buying an additional 131 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Kellanova during the third quarter valued at about $55,000. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Insider Activity

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Friday, November 29th. The stock was sold at an average price of $81.21, for a total transaction of $9,305,285.43. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,145,830 shares of company stock worth $93,146,812 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on K. StockNews.com started coverage on shares of Kellanova in a research report on Saturday, February 8th. They issued a “hold” rating on the stock. BNP Paribas cut shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Kellanova currently has an average rating of “Hold” and a consensus price target of $77.96.

Kellanova Trading Down 0.0 %

Shares of K stock opened at $82.18 on Thursday. 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 company’s fifty day simple moving average is $81.28 and its two-hundred day simple moving average is $79.65. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.53.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts anticipate that Kellanova will post 3.91 earnings per share for the current year.

Kellanova Company 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.