Kellanova (NYSE:K) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in shares of Kellanova (NYSE:K - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 929,951 shares of the company's stock after acquiring an additional 125,600 shares during the quarter. Hsbc Holdings PLC owned 0.27% of Kellanova worth $75,248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of K. Independent Advisor Alliance increased its stake in shares of Kellanova by 16.5% during the fourth quarter. Independent Advisor Alliance now owns 7,203 shares of the company's stock worth $583,000 after purchasing an additional 1,019 shares in the last quarter. Aviva PLC lifted its position in shares of Kellanova by 2.6% in the fourth quarter. Aviva PLC now owns 542,709 shares of the company's stock valued at $43,943,000 after acquiring an additional 13,531 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of Kellanova in the fourth quarter worth approximately $384,000. FNY Investment Advisers LLC acquired a new stake in shares of Kellanova in the fourth quarter worth approximately $2,490,000. Finally, Barclays PLC raised its stake in Kellanova by 134.7% in the 3rd 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 last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Trading Down 0.2 %

Shares of K traded down $0.19 during trading on Monday, reaching $82.43. 1,753,493 shares of the company traded hands, compared to its average volume of 2,593,169. The stock has a 50-day simple moving average of $82.39 and a 200-day simple moving average of $81.60. The stock has a market cap of $28.46 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. Kellanova has a twelve month low of $55.96 and a twelve month high of $83.22. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. On average, analysts anticipate that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova's dividend payout ratio is currently 58.91%.

Insiders Place Their Bets

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $82.23, for a total transaction of $9,422,160.09. Following the completion of the transaction, the insider now directly owns 48,191,195 shares of the company's stock, valued at $3,962,761,964.85. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,260,413 shares of company stock worth $103,737,719 over the last three months. Company insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on K shares. Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. StockNews.com initiated coverage on shares of Kellanova in a report on Monday, April 21st. They issued a "buy" rating for the company. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.