Czech National Bank Has $4.72 Million Stock Holdings in Kellanova (NYSE:K)

Czech National Bank raised its stake in Kellanova (NYSE:K - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,296 shares of the company's stock after acquiring an additional 3,645 shares during the quarter. Czech National Bank's holdings in Kellanova were worth $4,720,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC grew its position in Kellanova by 529.3% during the third quarter. CVA Family Office LLC now owns 365 shares of the company's stock valued at $29,000 after acquiring an additional 307 shares during the period. Newbridge Financial Services Group Inc. lifted its stake in shares of Kellanova by 61.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. MCF Advisors LLC lifted its stake 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 acquiring an additional 137 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Kellanova by 41.4% in the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after acquiring an additional 158 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Kellanova by 71.3% in the third quarter. Mather Group LLC. now owns 615 shares of the company's stock worth $50,000 after acquiring an additional 256 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on K. BNP Paribas cut Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target on the stock. in a research report on Friday, November 1st. Argus lowered Kellanova from a "buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Finally, StockNews.com assumed coverage on Kellanova in a research note on Wednesday. They set a "hold" rating for the company. Fifteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $76.35.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $81.42, for a total transaction of $9,329,347.86. Following the completion of the sale, the insider now directly owns 48,534,944 shares of the company's stock, valued at approximately $3,951,715,140.48. This represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,031,247 shares of company stock worth $83,509,236 over the last three months. Corporate insiders own 1.80% of the company's stock.

Kellanova Stock Up 0.4 %

Shares of K traded up $0.31 during midday trading on Thursday, reaching $81.50. 2,888,300 shares of the stock were exchanged, compared to its average volume of 2,239,530. The company has a market cap of $28.09 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.49 and a beta of 0.37. The firm has a 50 day simple moving average of $80.92 and a 200-day simple moving average of $76.33. Kellanova has a 12-month low of $52.46 and a 12-month high of $81.59. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34.

Kellanova (NYSE:K - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.23 billion during the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company's revenue was down .7% compared to the same quarter last year. Research analysts forecast that Kellanova will post 3.75 EPS for the current year.

Kellanova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 2.80%. Kellanova's dividend payout ratio (DPR) is currently 78.35%.

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.