VCI Wealth Management LLC Has $1.28 Million Stake in Kellanova (NYSE:K)

VCI Wealth Management LLC grew its position in shares of Kellanova (NYSE:K) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,769 shares of the company’s stock after buying an additional 2,518 shares during the quarter. VCI Wealth Management LLC’s holdings in Kellanova were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in K. Investors Research Corp boosted its position in Kellanova by 1.0% during the third quarter. Investors Research Corp now owns 12,991 shares of the company’s stock worth $1,049,000 after purchasing an additional 125 shares during the period. Assetmark Inc. boosted its position in Kellanova by 26.2% during the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after purchasing an additional 131 shares during the period. MCF Advisors LLC boosted its position in Kellanova by 48.8% during the third 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. S.A. Mason LLC boosted its position in Kellanova by 7.6% during the third quarter. S.A. Mason LLC now owns 1,987 shares of the company’s stock worth $160,000 after purchasing an additional 140 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Kellanova by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock worth $690,000 after purchasing an additional 145 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Price Performance

Shares of K opened at $81.97 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.06. The stock has a market cap of $28.25 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The stock’s 50-day moving average price is $81.03 and its two-hundred day moving average price is $77.57.

Kellanova (NYSE:K) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business earned $1.03 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. On average, equities analysts predict that Kellanova will post 3.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on K shares. StockNews.com started coverage on Kellanova in a research report on Thursday, January 23rd. They issued a “hold” rating for the company. Argus cut Kellanova from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kellanova has an average rating of “Hold” and an average price target of $76.35.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 49,222,442 shares of the company’s stock, valued at $3,997,354,514.82. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 916,664 shares of company stock worth $74,339,159 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

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.