Asset Management One Co. Ltd. Has $18.14 Million Holdings in Kellanova (NYSE:K)

Asset Management One Co. Ltd. raised its stake in Kellanova (NYSE:K - Free Report) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,781 shares of the company's stock after buying an additional 7,552 shares during the period. Asset Management One Co. Ltd. owned approximately 0.07% of Kellanova worth $18,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norden Group LLC purchased a new stake in shares of Kellanova in the first quarter valued at $395,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Kellanova by 18.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 119,172 shares of the company's stock valued at $6,827,000 after buying an additional 18,224 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Kellanova by 3.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,382 shares of the company's stock worth $2,428,000 after acquiring an additional 1,504 shares during the period. Choreo LLC boosted its stake in Kellanova by 6.5% in the 1st quarter. Choreo LLC now owns 3,959 shares of the company's stock worth $227,000 after buying an additional 241 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Kellanova by 6.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 26,722 shares of the company's stock valued at $1,531,000 after buying an additional 1,713 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $80.32, for a total value of $6,248,896.00. Following the completion of the transaction, the insider now directly owns 50,675,238 shares in the company, valued at approximately $4,070,235,116.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $80.32, for a total value of $6,248,896.00. Following the completion of the sale, the insider now directly owns 50,675,238 shares in the company, valued at approximately $4,070,235,116.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.65, for a total transaction of $9,241,118.95. Following the completion of the sale, the insider now directly owns 50,368,272 shares of the company's stock, valued at approximately $4,062,201,136.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,150,064 shares of company stock worth $92,680,265. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on K shares. 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. Barclays lifted their target price on Kellanova from $67.00 to $83.00 and gave the company an "equal weight" rating in a report on Thursday, August 15th. Wells Fargo & Company boosted their price objective on shares of Kellanova from $76.00 to $83.50 and gave the stock an "equal weight" rating in a research note on Thursday, August 15th. DA Davidson cut shares of Kellanova from a "buy" rating to a "neutral" rating and upped their price target for the company from $80.00 to $83.50 in a report on Monday, August 26th. Finally, StockNews.com assumed coverage on shares of Kellanova in a research report on Monday. They set a "hold" rating on the stock. Sixteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.96.

Kellanova Trading Up 0.2 %

Shares of NYSE:K traded up $0.14 during mid-day trading on Wednesday, hitting $81.00. The stock had a trading volume of 2,835,388 shares, compared to its average volume of 3,070,188. Kellanova has a 12-month low of $50.81 and a 12-month high of $81.26. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The company has a market cap of $27.92 billion, a PE ratio of 27.79, a P/E/G ratio of 2.56 and a beta of 0.39. The company's 50 day moving average is $80.64 and its 200-day moving average is $68.70.

Kellanova (NYSE:K - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.06. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The firm's revenue was down .7% on a year-over-year basis. On average, sell-side analysts predict that Kellanova will post 3.74 EPS for the current year.

Kellanova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Monday, December 2nd. Kellanova's dividend payout ratio is 78.35%.

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.