ING Groep NV,Impax Asset Management Group plc, Principal Financial Group Inc., and several other major financial institutions have recently increased their holdings in Kellanova (NYSE:K). Notably, the Kellogg Foundation Trust made a significant stock sale of $9.29 million. The stock has seen considerable momentum in the long-term, surpassing Q3 earnings and revenue estimates, resulting in a surge in stock value by 10% in a week. Major acquisitions and sales of shares further stirred the market. A potential sale to M&M's owner, Mars, boosted its stock even further. On the downside, BNP Paribas lowered Kellanova's stock rating. Yet, Kellanova remains a major position for the Kellogg W K Foundation Trust, and it recorded an impressive average price target from brokerages. The company's regular declaration of dividends and solid Q3 earnings further prop up its position. Bear in mind that the potential merger with Mars could create a significant impact on snack foods, evidenced by the significant trading activity around sector-related stocks.
Kellanova Stocks K News Analytics from Sat, 11 May 2024 14:18:29 GMT to Sat, 16 Nov 2024 11:41:20 GMT -
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