Kellanova (NYSE:K) Shares Sold by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. reduced its holdings in Kellanova (NYSE:K) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,025 shares of the company’s stock after selling 12,939 shares during the quarter. Kellanova accounts for 1.3% of Cantor Fitzgerald Investment Advisors L.P.’s portfolio, making the stock its 23rd largest position. Cantor Fitzgerald Investment Advisors L.P. owned about 0.06% of Kellanova worth $18,139,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in K. Sanctuary Advisors LLC acquired a new position in shares of Kellanova during the second quarter valued at approximately $482,000. Czech National Bank raised its stake in shares of Kellanova by 8.9% in the 3rd quarter. Czech National Bank now owns 54,651 shares of the company’s stock worth $4,411,000 after buying an additional 4,486 shares in the last quarter. Mather Group LLC. boosted its stake in Kellanova by 71.3% during the third quarter. Mather Group LLC. now owns 615 shares of the company’s stock valued at $50,000 after buying an additional 256 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Kellanova during the third quarter worth about $257,000. Finally, CWM LLC raised its position in Kellanova by 20.8% in the third quarter. CWM LLC now owns 12,426 shares of the company’s stock worth $1,003,000 after acquiring an additional 2,140 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Analysts Set New Price Targets

K has been the topic of several research reports. StockNews.com initiated coverage on Kellanova in a report on Saturday. 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 for the company. in a research report on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $77.96.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $80.99, for a total value of $9,280,077.17. Following the transaction, the insider now directly owns 49,337,025 shares in the company, valued at approximately $3,995,805,654.75. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 1,031,247 shares of company stock valued at $83,724,652 in the last ninety days. Insiders own 1.80% of the company’s stock.

Kellanova Price Performance

K opened at $82.29 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.31. The stock has a fifty day moving average price of $81.20 and a 200 day moving average price of $78.97. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.53 and a beta of 0.37.

Kellanova (NYSE:K) last released 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%. Analysts forecast that Kellanova will post 3.91 EPS for the current fiscal 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.