Kellanova (NYSE:K) Position Cut by Factorial Partners LLC

Factorial Partners LLC lowered its holdings in Kellanova (NYSE:K - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,200 shares of the company's stock after selling 4,300 shares during the period. Factorial Partners LLC's holdings in Kellanova were worth $1,474,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Westchester Capital Management LLC purchased a new stake in Kellanova in the 3rd quarter valued at about $107,795,000. Barclays PLC grew its holdings in Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after purchasing an additional 1,033,383 shares during the period. State Street Corp increased its position in Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company's stock worth $1,188,489,000 after purchasing an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP raised its stake in Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after purchasing an additional 632,510 shares during the period. Finally, Syquant Capital Sas acquired a new position in shares of Kellanova in the 4th quarter valued at $29,595,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $80.64, for a total transaction of $9,239,973.12. Following the sale, the insider now directly owns 48,878,693 shares in the company, valued at approximately $3,941,577,803.52. This represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 1,145,830 shares of company stock valued at $93,461,916. Corporate insiders own 1.80% of the company's stock.

Kellanova Stock Up 0.0 %

NYSE K traded up $0.01 during mid-day trading on Wednesday, reaching $82.37. 2,652,758 shares of the company's stock traded hands, compared to its average volume of 2,419,003. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 4.21 and a beta of 0.37. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The company has a fifty day simple moving average of $81.84 and a 200-day simple moving average of $81.09. Kellanova has a 1-year low of $52.46 and a 1-year high of $83.22.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly 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%. As a group, equities research analysts expect that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on K. Royal Bank of Canada upgraded Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 target price on the stock in a report on Tuesday, February 18th. StockNews.com initiated coverage on Kellanova in a research note on Tuesday. They issued a "hold" rating on the stock. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently 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.