Headlands Technologies LLC Decreases Stake in Kellanova (NYSE:K)

Headlands Technologies LLC cut its holdings in Kellanova (NYSE:K - Free Report) by 93.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705 shares of the company's stock after selling 10,141 shares during the quarter. Headlands Technologies LLC's holdings in Kellanova were worth $57,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new position in Kellanova in the 4th quarter valued at approximately $285,126,000. Franklin Resources Inc. increased its position in shares of Kellanova by 869.5% in the fourth quarter. Franklin Resources Inc. now owns 2,579,058 shares of the company's stock valued at $208,826,000 after buying an additional 2,313,047 shares in the last quarter. Barclays PLC raised its stake in shares of Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after buying an additional 1,033,383 shares during the last quarter. Cibc World Markets Corp boosted its position in shares of Kellanova by 538.6% in the 4th quarter. Cibc World Markets Corp now owns 585,691 shares of the company's stock worth $47,423,000 after buying an additional 493,976 shares in the last quarter. Finally, Syquant Capital Sas purchased a new stake in shares of Kellanova in the 4th quarter worth about $29,595,000. Institutional investors and hedge funds own 83.87% of the company's stock.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $81.69, for a total transaction of $9,360,285.27. Following the transaction, the insider now directly owns 48,420,361 shares of the company's stock, valued at approximately $3,955,459,290.09. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold 1,260,413 shares of company stock valued at $103,558,970 over the last 90 days. Corporate insiders own 1.80% of the company's stock.

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Kellanova Trading Up 0.1 %

Kellanova stock traded up $0.04 during trading on Friday, hitting $82.18. The company's stock had a trading volume of 3,466,962 shares, compared to its average volume of 2,734,686. The stock's fifty day moving average is $82.33 and its 200 day moving average is $81.46. Kellanova has a 1-year low of $55.01 and a 1-year high of $83.22. The stock has a market capitalization of $28.37 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 4.21 and a beta of 0.34. 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 announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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 predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on K shares. Royal Bank of Canada cut shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. StockNews.com began coverage on Kellanova in a research note on Saturday, April 5th. They issued a "hold" rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.