13,000 Shares in Kellanova (NYSE:K) Purchased by Essential Planning LLC.

Essential Planning LLC. bought a new stake in shares of Kellanova (NYSE:K - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 13,000 shares of the company's stock, valued at approximately $1,050,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in Kellanova in the 4th quarter worth $27,000. BankPlus Trust Department bought a new position in shares of Kellanova during the 4th quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new stake in Kellanova in the fourth quarter worth $32,000. First Horizon Advisors Inc. lifted its position in Kellanova by 64.8% in the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock worth $36,000 after buying an additional 173 shares during the last quarter. Finally, Sherman Asset Management Inc. bought a new position in Kellanova during the fourth quarter valued at $43,000. Institutional investors own 83.87% of the company's stock.

Kellanova Stock Up 0.0 %

Shares of Kellanova stock traded up $0.01 during trading on Thursday, hitting $82.30. 1,892,542 shares of the stock traded hands, compared to its average volume of 2,443,272. Kellanova has a 52-week low of $52.46 and a 52-week high of $83.22. The stock's fifty day simple moving average is $82.03 and its 200 day simple moving average is $81.18. The firm has a market cap of $28.41 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29.

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Kellanova (NYSE:K - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. On average, equities analysts predict that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. Kellanova's dividend payout ratio is presently 58.91%.

Wall Street Analyst Weigh In

A number of research firms recently commented on K. Royal Bank of Canada raised shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price target for the company in a research note on Tuesday, February 18th. StockNews.com started coverage on Kellanova in a research report on Wednesday. They set a "hold" rating for the company. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Kellanova currently has an average rating of "Hold" and an average target price of $77.96.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $80.85, for a total value of $9,264,035.55. Following the transaction, the insider now directly owns 48,764,110 shares of the company's stock, valued at $3,942,578,293.50. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders sold 1,145,830 shares of company stock worth $93,673,894. 1.80% of the stock is owned by insiders.

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.