Kellanova (NYSE:K) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Kellanova (NYSE:K - Free Report) by 62.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,172 shares of the company's stock after selling 24,745 shares during the period. American Century Companies Inc.'s holdings in Kellanova were worth $1,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in shares of Kellanova by 65.1% during the 3rd quarter. Wellington Management Group LLP now owns 19,847 shares of the company's stock worth $1,602,000 after buying an additional 7,829 shares in the last quarter. XTX Topco Ltd acquired a new stake in Kellanova in the third quarter valued at approximately $475,000. Barclays PLC increased its stake in Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after purchasing an additional 1,033,383 shares in the last quarter. Geode Capital Management LLC lifted its stake in Kellanova by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company's stock valued at $541,052,000 after acquiring an additional 196,564 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of Kellanova in the third quarter valued at approximately $394,000. Institutional investors own 83.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. StockNews.com initiated coverage on Kellanova in a report on Sunday. They issued a "hold" rating for the company. Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $77.96.

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Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total value of $9,385,493.53. Following the transaction, the insider now directly owns 48,305,778 shares in the company, valued at approximately $3,956,726,275.98. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,260,413 shares of company stock valued at $103,672,407 in the last quarter. 1.80% of the stock is owned by insiders.

Kellanova Stock Performance

K stock traded up $0.04 on Wednesday, hitting $82.34. The company had a trading volume of 96,462 shares, compared to its average volume of 2,719,561. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 4.21 and a beta of 0.34. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The stock's 50-day simple moving average is $82.35 and its 200 day simple moving average is $81.48. Kellanova has a 12-month low of $55.01 and a 12-month high of $83.22.

Kellanova (NYSE:K - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) 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%. As a group, equities research analysts expect that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. Kellanova's dividend payout ratio is presently 58.91%.

About Kellanova

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.