Farringdon Capital Ltd. Makes New $532,000 Investment in Kellanova (NYSE:K)

Farringdon Capital Ltd. bought a new position in shares of Kellanova (NYSE:K - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,570 shares of the company's stock, valued at approximately $532,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new position in Kellanova in the 4th quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of Kellanova during the fourth quarter worth $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova in the fourth quarter worth $32,000. Flagship Wealth Advisors LLC purchased a new position in shares of Kellanova in the fourth quarter valued at $32,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Kellanova by 64.8% during the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock valued at $36,000 after purchasing an additional 173 shares during the period. 83.87% of the stock is owned by institutional investors.

Kellanova Trading Down 0.0 %

Shares of K stock traded down $0.02 on Monday, reaching $82.35. 2,690,346 shares of the company's stock were exchanged, compared to its average volume of 2,734,618. The company's fifty day simple moving average is $82.35 and its 200 day simple moving average is $81.52. The stock has a market capitalization of $28.43 billion, a PE ratio of 21.28, a P/E/G ratio of 4.21 and a beta of 0.34. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. Kellanova has a 52 week low of $55.96 and a 52 week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last posted 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, analysts forecast that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

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

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $82.26, for a total transaction of $9,425,597.58. Following the completion of the sale, the insider now directly owns 47,045,365 shares of the company's stock, valued at approximately $3,869,951,724.90. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 1,374,996 shares of company stock valued at $113,098,004. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on K shares. Royal Bank of Canada downgraded shares of Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. StockNews.com started coverage on shares of Kellanova in a research note on Monday. They set a "buy" rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.96.

About Kellanova

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.