B. Metzler seel. Sohn & Co. Holding AG Makes New $4.21 Million Investment in Kellanova (NYSE:K)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Kellanova (NYSE:K - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 52,171 shares of the company's stock, valued at approximately $4,211,000.

A number of other large investors also recently added to or reduced their stakes in K. Assetmark Inc. boosted its position in shares of Kellanova by 26.2% in the 3rd quarter. Assetmark Inc. now owns 631 shares of the company's stock worth $51,000 after purchasing an additional 131 shares during the last quarter. MCF Advisors LLC boosted its holdings in Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company's stock worth $34,000 after buying an additional 137 shares during the last quarter. S.A. Mason LLC grew its position in shares of Kellanova by 7.6% during the 3rd quarter. S.A. Mason LLC now owns 1,987 shares of the company's stock worth $160,000 after buying an additional 140 shares during the period. Capital Advisors Ltd. LLC increased its stake in shares of Kellanova by 41.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock valued at $44,000 after acquiring an additional 158 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Kellanova by 57.2% in the 2nd quarter. Blue Trust Inc. now owns 467 shares of the company's stock valued at $27,000 after acquiring an additional 170 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 114,583 shares of Kellanova stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $80.76, for a total transaction of $9,253,723.08. Following the completion of the sale, the insider now directly owns 49,680,774 shares of the company's stock, valued at approximately $4,012,219,308.24. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 994,464 shares of company stock worth $80,203,479. 1.80% of the stock is owned by insiders.

Kellanova Stock Performance

Shares of K stock traded up $0.24 on Thursday, reaching $81.02. The stock had a trading volume of 1,833,276 shares, compared to its average volume of 3,019,445. Kellanova has a 12 month low of $51.02 and a 12 month high of $81.34. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.59 and a beta of 0.39. The firm's 50-day moving average is $80.75 and its two-hundred day moving average is $70.43.

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

Kellanova Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Monday, December 2nd. Kellanova's payout ratio is presently 78.35%.

Analyst Ratings Changes

Several equities research analysts have commented on K shares. BNP Paribas downgraded shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 target price for the company. in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on Kellanova from $64.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, August 12th. DA Davidson lowered shares of Kellanova from a "buy" rating to a "neutral" rating and lifted their price target for the company from $80.00 to $83.50 in a research note on Monday, August 26th. Barclays increased their price objective on shares of Kellanova from $67.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 15th. Finally, Piper Sandler raised their price objective on shares of Kellanova from $63.00 to $83.50 and gave the stock a "neutral" rating in a report on Thursday, August 15th. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $76.35.

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.