Caisse Des Depots ET Consignations Invests $1.74 Million in Kellanova (NYSE:K)

Caisse Des Depots ET Consignations acquired a new stake in Kellanova (NYSE:K - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,542 shares of the company's stock, valued at approximately $1,744,000.

A number of other large investors have also made changes to their positions in the stock. Westchester Capital Management LLC acquired a new position in Kellanova in the 3rd quarter valued at $107,795,000. Barclays PLC lifted its position in Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after buying an additional 1,033,383 shares during the period. State Street Corp boosted its stake in Kellanova by 5.2% in the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company's stock worth $1,188,489,000 after buying an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP grew its holdings in Kellanova by 63.8% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock valued at $131,091,000 after buying an additional 632,510 shares during the period. Finally, Cibc World Markets Corp increased its stake in shares of Kellanova by 538.6% during the 4th quarter. Cibc World Markets Corp now owns 585,691 shares of the company's stock valued at $47,423,000 after acquiring an additional 493,976 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on K shares. StockNews.com assumed coverage on Kellanova in a research report on Friday. They issued a "hold" rating on the stock. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Fourteen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Kellanova currently has a consensus rating of "Hold" and an average target price of $77.96.

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Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $81.42, for a total value of $9,329,347.86. Following the sale, the insider now directly owns 48,534,944 shares in the company, valued at approximately $3,951,715,140.48. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 1,260,413 shares of company stock worth $103,473,032 over the last quarter. 1.80% of the stock is owned by company insiders.

Kellanova Stock Down 0.1 %

Shares of K stock traded down $0.05 during trading hours on Tuesday, hitting $82.45. 940,081 shares of the company were exchanged, compared to its average volume of 2,355,199. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 4.21 and a beta of 0.31. Kellanova has a one year low of $55.01 and a one year high of $83.22. The business's 50-day simple moving average is $82.25 and its two-hundred day simple moving average is $81.36. 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 posted its quarterly earnings results 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 return on equity of 37.25% and a net margin of 10.53%. Sell-side analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova's dividend payout ratio (DPR) is 58.91%.

Kellanova 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.