Captrust Financial Advisors Sells 12,320 Shares of Kellanova (NYSE:K)

Captrust Financial Advisors lowered its holdings in Kellanova (NYSE:K - Free Report) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,167 shares of the company's stock after selling 12,320 shares during the period. Captrust Financial Advisors' holdings in Kellanova were worth $2,838,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Investors Research Corp grew its position in shares of Kellanova by 1.0% during 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 in the last quarter. Assetmark Inc. grew its holdings in shares of Kellanova by 26.2% during the third quarter. Assetmark Inc. now owns 631 shares of the company's stock worth $51,000 after purchasing an additional 131 shares in the last quarter. MCF Advisors LLC increased its position in shares of Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company's stock worth $34,000 after purchasing an additional 137 shares during the last quarter. S.A. Mason LLC raised its stake in Kellanova by 7.6% in the third quarter. S.A. Mason LLC now owns 1,987 shares of the company's stock valued at $160,000 after purchasing an additional 140 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in Kellanova by 41.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after buying an additional 158 shares in the last quarter. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Kellanova Trading Up 0.2 %

Kellanova stock traded up $0.15 during mid-day trading on Thursday, reaching $80.64. 434,533 shares of the company traded hands, compared to its average volume of 2,969,030. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.53. Kellanova has a 52-week low of $52.46 and a 52-week high of $81.34. The firm has a market capitalization of $27.80 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.59 and a beta of 0.38. The firm's 50 day moving average price is $80.82 and its 200 day moving average price is $71.78.

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

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Monday, December 2nd. Kellanova's dividend payout ratio is currently 78.35%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Piper Sandler boosted their target price on Kellanova from $63.00 to $83.50 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Wells Fargo & Company boosted their price objective on shares of Kellanova from $76.00 to $83.50 and gave the stock an "equal weight" rating in a report on Thursday, August 15th. Royal Bank of Canada cut shares of Kellanova from an "outperform" rating to a "sector perform" rating and lifted their target price for the stock from $76.00 to $83.50 in a research report on Thursday, August 15th. StockNews.com began coverage on shares of Kellanova in a research report on Thursday, November 28th. They set a "hold" rating for the company. Finally, Argus downgraded Kellanova from a "buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Fifteen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kellanova has an average rating of "Hold" and an average target price of $76.35.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Monday, September 9th. The stock was sold at an average price of $80.25, for a total value of $9,195,285.75. Following the completion of the sale, the insider now owns 50,482,855 shares of the company's stock, valued at approximately $4,051,249,113.75. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 1,145,830 shares of company stock worth $92,516,606. Corporate insiders own 1.80% of the company's stock.

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.