iA Global Asset Management Inc. Has $1.53 Million Position in Kellanova (NYSE:K)

iA Global Asset Management Inc. boosted its stake in Kellanova (NYSE:K - Free Report) by 173.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,878 shares of the company's stock after acquiring an additional 11,984 shares during the quarter. iA Global Asset Management Inc.'s holdings in Kellanova were worth $1,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance grew its stake in shares of Kellanova by 16.5% during the 4th quarter. Independent Advisor Alliance now owns 7,203 shares of the company's stock worth $583,000 after acquiring an additional 1,019 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Kellanova by 5.1% during the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock worth $14,435,000 after purchasing an additional 8,686 shares during the last quarter. Wedmont Private Capital bought a new position in Kellanova in the fourth quarter valued at $384,000. Barclays PLC increased 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 buying an additional 1,033,383 shares during the last quarter. Finally, Alpine Associates Management Inc. lifted its position in Kellanova by 93.5% during the 4th quarter. Alpine Associates Management Inc. now owns 612,850 shares of the company's stock worth $49,622,000 after buying an additional 296,150 shares in the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com started coverage on Kellanova in a report on Thursday, March 20th. They issued a "hold" rating for the company. Royal Bank of Canada downgraded Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $77.96.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $81.28, for a total transaction of $9,313,306.24. Following the transaction, the insider now owns 48,649,527 shares in the company, valued at $3,954,233,554.56. This represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 1,260,413 shares of company stock valued at $103,290,845. Insiders own 1.80% of the company's stock.

Kellanova Stock Performance

Kellanova stock traded up $0.06 during mid-day trading on Wednesday, hitting $82.45. 1,973,081 shares of the company's stock traded hands, compared to its average volume of 2,542,308. Kellanova has a fifty-two week low of $55.01 and a fifty-two week high of $83.22. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 4.21 and a beta of 0.31. The firm has a 50 day simple moving average of $82.18 and a two-hundred day simple moving average of $81.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56.

Kellanova (NYSE:K - Get Free Report) last announced its 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%. On average, research analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.77%. Kellanova's dividend payout ratio (DPR) is currently 58.91%.

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.