Gamco Investors INC. ET AL Sells 12,977 Shares of Kellanova (NYSE:K)

Gamco Investors INC. ET AL trimmed its position in shares of Kellanova (NYSE:K - Free Report) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,188 shares of the company's stock after selling 12,977 shares during the quarter. Gamco Investors INC. ET AL's holdings in Kellanova were worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in Kellanova in the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of Kellanova during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Kellanova in the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new position in Kellanova in the 4th quarter worth approximately $32,000. Finally, First Horizon Advisors Inc. lifted its holdings in Kellanova by 64.8% during the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock worth $36,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

Kellanova Stock Down 0.1 %

Shares of NYSE:K opened at $82.19 on Thursday. The company has a 50 day moving average price of $82.35 and a two-hundred day moving average price of $81.49. The company has a market capitalization of $28.37 billion, a PE ratio of 21.24, a PEG ratio of 4.21 and a beta of 0.34. Kellanova has a 52 week low of $55.60 and a 52 week high of $83.22. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81.

Kellanova (NYSE:K - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating 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%. Analysts forecast that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

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

Analyst Upgrades and Downgrades

K has been the subject of several research reports. Royal Bank of Canada cut Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com initiated coverage on Kellanova in a report on Sunday. They set a "hold" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $77.96.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total value of $9,385,493.53. Following the sale, the insider now owns 48,305,778 shares of the company's stock, valued at $3,956,726,275.98. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders sold 1,260,413 shares of company stock worth $103,672,407. 1.80% of the stock is owned by company insiders.

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.

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