Cornell Pochily Investment Advisors Inc. Has $664,000 Holdings in Kellanova (NYSE:K)

Cornell Pochily Investment Advisors Inc. lowered its stake in shares of Kellanova (NYSE:K) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,203 shares of the company’s stock after selling 158 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Kellanova were worth $664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Kellanova by 14.7% in the second quarter. American Century Companies Inc. now owns 36,893 shares of the company’s stock valued at $2,128,000 after purchasing an additional 4,737 shares during the last quarter. Sei Investments Co. increased its stake in Kellanova by 5.3% in the 2nd quarter. Sei Investments Co. now owns 83,392 shares of the company’s stock valued at $4,810,000 after buying an additional 4,197 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Kellanova by 8.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 20,250 shares of the company’s stock worth $1,168,000 after buying an additional 1,538 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of Kellanova by 83.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 8,647 shares of the company’s stock worth $499,000 after buying an additional 3,941 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new position in shares of Kellanova in the second quarter valued at approximately $962,000. 83.87% of the stock is owned by institutional investors.

Kellanova Trading Up 0.1 %

Shares of K stock opened at $81.87 on Monday. Kellanova has a 52-week low of $52.46 and a 52-week high of $81.91. The business’s fifty day moving average is $81.03 and its 200 day moving average is $77.57. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The company has a market capitalization of $28.22 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37.

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

Wall Street Analyst Weigh In

K has been the topic of a number of recent analyst reports. Argus lowered Kellanova from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. BNP Paribas downgraded 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. Finally, StockNews.com started coverage on shares of Kellanova in a report on Thursday. They set a “hold” rating for the company. Fifteen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.35.

Insider Transactions at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Friday, November 29th. The shares were 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 directly owns 49,222,442 shares in the company, valued at approximately $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 916,664 shares of company stock worth $74,339,159. 1.80% of the stock is currently owned by insiders.

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.