Charles Schwab Investment Management Inc. Grows Holdings in Kellanova (NYSE:K)

Charles Schwab Investment Management Inc. lifted its position in shares of Kellanova (NYSE:K - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,680,912 shares of the company's stock after purchasing an additional 50,303 shares during the period. Charles Schwab Investment Management Inc. owned 0.49% of Kellanova worth $136,103,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of K. Westchester Capital Management LLC purchased a new position in Kellanova during the 3rd quarter valued at $107,795,000. Barclays PLC increased its position in shares of Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after buying an additional 1,033,383 shares during the period. State Street Corp raised its stake in Kellanova by 5.2% in the third 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 in the last quarter. Ilex Capital Partners UK LLP raised its stake in Kellanova by 63.8% in the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after buying an additional 632,510 shares in the last quarter. Finally, Syquant Capital Sas purchased a new stake in Kellanova in the fourth quarter worth about $29,595,000. 83.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on K shares. StockNews.com began coverage on Kellanova in a research report on Tuesday, March 4th. They issued a "hold" rating for the company. Royal Bank of Canada upgraded Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price objective for the company in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $77.96.

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Kellanova Stock Down 0.2 %

Kellanova stock traded down $0.17 during trading hours on Tuesday, hitting $82.28. The stock had a trading volume of 3,662,145 shares, compared to its average volume of 2,450,988. The stock's 50-day moving average price is $81.95 and its 200-day moving average price is $81.15. The stock has a market capitalization of $28.41 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. Kellanova has a 12-month low of $52.46 and a 12-month high of $83.22. 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 (NYSE:K - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. Equities research analysts anticipate that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

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

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.85, for a total value of $9,264,035.55. Following the sale, the insider now owns 48,764,110 shares in the company, valued at approximately $3,942,578,293.50. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,145,830 shares of company stock valued at $93,673,894 over the last ninety days. Insiders own 1.80% of the company's stock.

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.