Strategic Financial Concepts LLC Takes Position in Kellanova (NYSE:K)

Strategic Financial Concepts LLC acquired a new position in Kellanova (NYSE:K - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,194 shares of the company's stock, valued at approximately $1,311,000.

A number of other large investors also recently bought and sold shares of the business. Investors Research Corp grew its holdings in Kellanova by 1.0% in 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 last quarter. Assetmark Inc. grew its holdings in Kellanova by 26.2% in 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 last quarter. MCF Advisors LLC grew its holdings in Kellanova by 48.8% in 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 last quarter. S.A. Mason LLC grew its holdings in Kellanova by 7.6% in 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 last quarter. Finally, Quent Capital LLC grew its holdings in Kellanova by 20.2% in the fourth quarter. Quent Capital LLC now owns 833 shares of the company's stock worth $67,000 after purchasing an additional 140 shares during the last quarter. Institutional investors own 83.87% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $80.70, for a total transaction of $9,246,848.10. Following the completion of the transaction, the insider now owns 49,107,859 shares in the company, valued at $3,963,004,221.30. This represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 1,145,830 shares of company stock worth $93,291,187. Company insiders own 1.80% of the company's stock.

Kellanova Stock Performance

NYSE K traded up $0.18 on Friday, reaching $82.63. 2,683,975 shares of the company's stock traded hands, compared to its average volume of 2,389,531. The firm has a market cap of $28.48 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 4.21 and a beta of 0.37. The stock has a 50 day moving average price of $81.51 and a 200-day moving average price of $80.64. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $82.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81.

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

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.76%. Kellanova's dividend payout ratio (DPR) is currently 58.91%.

Analyst Ratings Changes

K has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Kellanova in a report on Sunday, February 16th. They issued a "hold" rating on the stock. BNP Paribas lowered shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price objective on the stock. in a report on Friday, November 1st. Finally, Royal Bank of Canada raised shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price objective on the stock in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $77.96.

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.