WK Kellog Co (KLG US, +1, 15-Nov-24)

Zachary Gund (Lead Director since 2023) purchased $3.45 million worth of stock on November 14th at $17.67, increasing his holding by 49% to 592,000 shares. 

It’s encouraging to see him buying now. This is a large confident purchase and his first since the company was spun out from Kellogg in 2023 (now called Kellanova). He serves as Director of Kellanova (since 2014), but never bought shares there during that timespan, despite a long tenure. He currently owns approximately 1.7m shares of Kellanova. 

Gund is a Managing Partner of Coppermine Capital, LLC, a private investment firm he founded in 2001. The company published its Q3 report on November 7th. 

We are ranking stock +1 (strongly positive).