BTG Pactual Asset Management US LLC bought a new position in shares of Kellanova (NYSE:K - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 61,771 shares of the company's stock, valued at approximately $5,002,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Kellanova by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 32,435,744 shares of the company's stock valued at $2,626,322,000 after buying an additional 281,137 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kellanova by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,884,092 shares of the company's stock valued at $556,014,000 after purchasing an additional 158,560 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Kellanova by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,168,070 shares of the company's stock valued at $337,489,000 after purchasing an additional 111,396 shares during the last quarter. Norges Bank acquired a new position in Kellanova during the 4th quarter worth approximately $285,126,000. Finally, Franklin Resources Inc. lifted its stake in Kellanova by 869.5% in the 4th quarter. Franklin Resources Inc. now owns 2,579,058 shares of the company's stock valued at $208,826,000 after purchasing an additional 2,313,047 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on K shares. StockNews.com assumed coverage on shares of Kellanova in a report on Sunday, April 13th. They set a "hold" rating for the company. Royal Bank of Canada cut Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $77.96.
Check Out Our Latest Research Report on Kellanova
Kellanova Trading Up 0.1 %
K stock traded up $0.08 during midday trading on Friday, hitting $82.37. The stock had a trading volume of 1,933,260 shares, compared to its average volume of 2,730,088. 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 firm has a market cap of $28.43 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. The business has a fifty day moving average price of $82.35 and a two-hundred day moving average price of $81.50. Kellanova has a 1-year low of $55.96 and a 1-year high of $83.22.
Kellanova (NYSE:K - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. On average, sell-side analysts predict that Kellanova will post 3.93 earnings per share for the current fiscal year.
Kellanova Dividend Announcement
The business also recently announced 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. This represents a $2.28 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova's dividend payout ratio is presently 58.91%.
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 dated Tuesday, January 28th. The shares were sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the transaction, the insider now directly owns 48,305,778 shares in the company, valued at $3,956,726,275.98. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 1,260,413 shares of company stock valued at $103,672,407. Company insiders own 1.80% of the company's stock.
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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