Andra AP fonden Has $24.74 Million Position in Kellanova (NYSE:K)

Andra AP fonden increased its position in Kellanova (NYSE:K - Free Report) by 59.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 305,600 shares of the company's stock after purchasing an additional 114,100 shares during the period. Andra AP fonden owned 0.09% of Kellanova worth $24,744,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Investors Research Corp raised its holdings in shares of Kellanova by 1.0% during 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 period. Oregon Public Employees Retirement Fund raised its stake in Kellanova by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company's stock worth $1,870,000 after acquiring an additional 130 shares during the period. Assetmark Inc. lifted 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 acquiring an additional 131 shares during the last quarter. Quent Capital LLC lifted 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 acquiring an additional 140 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Kellanova by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company's stock valued at $690,000 after acquiring an additional 145 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

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Kellanova Price Performance

K stock traded down $0.17 during trading on Tuesday, hitting $82.28. The company had a trading volume of 3,662,145 shares, compared to its average volume of 2,462,055. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 21.26, a P/E/G 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. The business has a 50 day moving average of $81.95 and a 200 day moving average of $81.15. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

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

Insider Transactions at Kellanova

In other 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 transaction of $9,264,035.55. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 1,145,830 shares of company stock valued at $93,673,894 in the last quarter. Insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

K has been the topic of several recent research reports. StockNews.com assumed coverage on Kellanova in a report on Tuesday, March 4th. They issued a "hold" rating on the stock. Royal Bank of Canada raised Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 target price on the stock in a research report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kellanova presently has a consensus rating of "Hold" and an average target price of $77.96.

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.