B. Metzler seel. Sohn & Co. AG trimmed its holdings in shares of Kellanova (NYSE:K - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,374 shares of the company's stock after selling 16,797 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Kellanova were worth $2,864,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of K. Oregon Public Employees Retirement Fund raised its position in shares of Kellanova by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company's stock valued at $1,870,000 after buying an additional 130 shares during the last quarter. Quent Capital LLC grew its position in shares of Kellanova by 20.2% in the fourth quarter. Quent Capital LLC now owns 833 shares of the company's stock valued at $67,000 after purchasing an additional 140 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Kellanova by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company's stock worth $690,000 after buying an additional 145 shares in the last quarter. SPC Financial Inc. boosted its position in shares of Kellanova by 5.7% during the 4th quarter. SPC Financial Inc. now owns 2,976 shares of the company's stock valued at $241,000 after acquiring an additional 160 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Kellanova by 0.7% in the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company's stock valued at $1,820,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 83.87% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com started coverage on shares of Kellanova in a research note on Saturday. They issued a "hold" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kellanova has an average rating of "Hold" and a consensus price target of $77.96.
Read Our Latest Report on Kellanova
Insider Transactions at Kellanova
In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's 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 sale, the insider now directly owns 48,649,527 shares in the company, valued at approximately $3,954,233,554.56. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 1,260,413 shares of company stock valued at $103,473,032. Corporate insiders own 1.80% of the company's stock.
Kellanova Stock Performance
Kellanova stock traded down $0.30 during mid-day trading on Friday, reaching $82.25. 5,082,449 shares of the company were exchanged, compared to its average volume of 2,678,345. The firm's 50-day simple moving average is $82.31 and its two-hundred day simple moving average is $81.40. Kellanova has a twelve month low of $55.01 and a twelve month high of $83.22. The firm has a market cap of $28.39 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81.
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, 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%. Equities analysts predict that Kellanova will post 3.93 earnings per share for the current fiscal year.
Kellanova Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, March 3rd. Kellanova's dividend payout ratio is presently 58.91%.
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.
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