Allworth Financial LP Has $412,000 Position in Kellanova (NYSE:K)

Allworth Financial LP reduced its holdings in Kellanova (NYSE:K - Free Report) by 71.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,052 shares of the company's stock after selling 12,922 shares during the period. Allworth Financial LP's holdings in Kellanova were worth $412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of K. Investors Research Corp increased its stake in shares of Kellanova by 1.0% in the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company's stock valued at $1,049,000 after acquiring an additional 125 shares during the last quarter. Assetmark Inc. increased its stake in Kellanova by 26.2% in the third quarter. Assetmark Inc. now owns 631 shares of the company's stock valued at $51,000 after purchasing an additional 131 shares in the last quarter. MCF Advisors LLC raised 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 period. S.A. Mason LLC boosted its position in shares of Kellanova by 7.6% during 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 in the last quarter. Finally, Quent Capital LLC boosted its position in shares of Kellanova by 20.2% during the fourth quarter. Quent Capital LLC now owns 833 shares of the company's stock worth $67,000 after purchasing an additional 140 shares in the last quarter. 83.87% of the stock is owned by institutional investors.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $82.25, for a total transaction of $9,424,451.75. Following the transaction, the insider now directly owns 48,076,612 shares of the company's stock, valued at approximately $3,954,301,337. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 1,145,830 shares of company stock valued at $93,291,187. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com started coverage on Kellanova in a research note on Sunday, February 16th. They set a "hold" rating on the stock. BNP Paribas downgraded shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 target price on the stock. in a report on Friday, November 1st. Finally, Royal Bank of Canada upgraded shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price target for the company in a report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Kellanova presently has a consensus rating of "Hold" and a consensus price target of $77.96.

Kellanova Stock Up 0.2 %

NYSE:K traded up $0.18 on Friday, hitting $82.63. 2,683,975 shares of the company's stock were exchanged, compared to its average volume of 2,389,531. The firm has a 50-day moving average price of $81.51 and a 200-day moving average price of $80.64. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.72. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. The company has a market cap of $28.48 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of 4.21 and a beta of 0.37.

Kellanova (NYSE:K - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. As a group, analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business 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 $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.76%. Kellanova's payout ratio is presently 58.91%.

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.