Candriam S.C.A. Boosts Holdings in Kellanova (NYSE:K)

Candriam S.C.A. boosted its holdings in shares of Kellanova (NYSE:K - Free Report) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,508 shares of the company's stock after acquiring an additional 4,117 shares during the period. Candriam S.C.A.'s holdings in Kellanova were worth $2,551,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Investors Research Corp boosted its holdings in Kellanova by 1.0% in the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company's stock valued at $1,049,000 after purchasing an additional 125 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Kellanova by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company's stock worth $1,870,000 after acquiring an additional 130 shares during the last quarter. Assetmark Inc. lifted its holdings 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 acquiring an additional 131 shares during the last quarter. Quent Capital LLC increased its stake in Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company's stock worth $67,000 after buying an additional 140 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in Kellanova by 1.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company's stock worth $690,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 83.87% of the company's stock.

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Kellanova Stock Performance

NYSE:K traded up $0.06 during trading hours on Wednesday, reaching $82.29. 1,884,529 shares of the company's stock were exchanged, compared to its average volume of 2,454,990. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 4.21 and a beta of 0.31. The company has a 50-day moving average of $82.00 and a 200 day moving average of $81.17. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. Kellanova has a 1-year low of $52.46 and a 1-year high of $83.22.

Kellanova (NYSE:K - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping 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%. Research analysts anticipate that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 3rd. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $82.55, for a total value of $9,458,826.65. Following the completion of the sale, the insider now owns 47,732,863 shares in the company, valued at $3,940,347,840.65. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 1,145,830 shares of company stock worth $93,673,894. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Kellanova in a research note on Wednesday. They set a "hold" rating on the stock. Royal Bank of Canada raised shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 target price on the stock in a research note on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $77.96.

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.