Allstate Corp bought a new position in shares of Kellanova (NYSE:K - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,161 shares of the company's stock, valued at approximately $661,000.
Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Kellanova in the third quarter valued at approximately $378,000. Townsquare Capital LLC acquired a new stake in Kellanova in the 3rd quarter valued at $414,000. Public Sector Pension Investment Board lifted its holdings in Kellanova by 26.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,947 shares of the company's stock valued at $884,000 after purchasing an additional 2,300 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Kellanova in the third quarter worth $7,864,000. Finally, Paloma Partners Management Co bought a new position in shares of Kellanova in the third quarter worth about $534,000. 83.87% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently commented on K shares. Royal Bank of Canada cut Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com began coverage on Kellanova in a research note on Friday, March 28th. They issued a "hold" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kellanova currently has an average rating of "Hold" and an average target price of $77.96.
View Our Latest Stock Report on Kellanova
Kellanova Stock Up 0.1 %
Kellanova stock traded up $0.07 during trading on Thursday, hitting $82.52. 2,143,496 shares of the company were exchanged, compared to its average volume of 2,671,937. The business's 50 day moving average is $82.28 and its 200 day moving average is $81.38. The company has a market capitalization of $28.49 billion, a P/E ratio of 21.32, a PEG 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. Kellanova has a 52 week low of $55.01 and a 52 week high of $83.22.
Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping 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%. Analysts predict that Kellanova will post 3.93 earnings per share for the current year.
Kellanova Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.76%. The ex-dividend date was Monday, March 3rd. Kellanova's dividend payout ratio (DPR) is currently 58.91%.
Insider Buying and Selling at Kellanova
In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $81.28, for a total transaction of $9,313,306.24. Following the completion of the sale, the insider now owns 48,649,527 shares of the company's stock, valued at approximately $3,954,233,554.56. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,260,413 shares of company stock valued at $103,473,032 in the last 90 days. 1.80% of the stock is currently owned by company insiders.
About Kellanova
(
Free Report)
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.
Featured Articles
Before you consider Kellanova, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kellanova wasn't on the list.
While Kellanova currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
