Kellanova (NYSE:K) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in Kellanova (NYSE:K - Free Report) by 20.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,078 shares of the company's stock after buying an additional 5,169 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Kellanova were worth $2,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of K. Investors Research Corp increased its stake in Kellanova by 1.0% in the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company's stock worth $1,049,000 after acquiring an additional 125 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Kellanova by 26.2% in the third quarter. Assetmark Inc. now owns 631 shares of the company's stock valued at $51,000 after purchasing an additional 131 shares in the last quarter. MCF Advisors LLC increased its position in Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company's stock worth $34,000 after purchasing an additional 137 shares during the last quarter. S.A. Mason LLC raised its stake in Kellanova by 7.6% during the third quarter. S.A. Mason LLC now owns 1,987 shares of the company's stock valued at $160,000 after purchasing an additional 140 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in Kellanova by 1.7% during the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company's stock valued at $690,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 83.87% of the company's stock.

Analyst Upgrades and Downgrades

K has been the topic of several analyst reports. Argus downgraded Kellanova from a "buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. BNP Paribas cut shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price objective on the stock. in a research report on Friday, November 1st. Finally, StockNews.com assumed coverage on shares of Kellanova in a report on Wednesday. They issued a "hold" rating for the company. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kellanova presently has a consensus rating of "Hold" and a consensus target price of $76.35.

Insider Activity

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $80.76, for a total value of $9,253,723.08. Following the completion of the transaction, the insider now owns 49,680,774 shares in the company, valued at $4,012,219,308.24. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 1,031,247 shares of company stock worth $83,509,236 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Kellanova Stock Up 0.2 %

Shares of K traded up $0.17 during trading hours on Friday, hitting $81.73. The company had a trading volume of 2,647,218 shares, compared to its average volume of 1,723,373. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $28.17 billion, a PE ratio of 28.09, a price-to-earnings-growth ratio of 2.49 and a beta of 0.37. Kellanova has a one year low of $52.46 and a one year high of $81.79. The company's fifty day moving average price is $80.95 and its two-hundred day moving average price is $76.41.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.06. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The company's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, equities analysts forecast that Kellanova will post 3.75 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.79%. Kellanova's payout ratio is 78.35%.

Kellanova 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.