First Financial Bank Trust Division Has $1.03 Million Stock Holdings in Kellanova (NYSE:K)

First Financial Bank Trust Division reduced its position in Kellanova (NYSE:K - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,770 shares of the company's stock after selling 7,418 shares during the quarter. First Financial Bank Trust Division's holdings in Kellanova were worth $1,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CVA Family Office LLC raised its position in Kellanova by 529.3% in the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company's stock valued at $29,000 after purchasing an additional 307 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in Kellanova by 61.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock valued at $30,000 after buying an additional 200 shares in the last quarter. MCF Advisors LLC lifted its holdings in Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company's stock worth $34,000 after buying an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after acquiring an additional 158 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Kellanova by 71.3% in the 3rd quarter. Mather Group LLC. now owns 615 shares of the company's stock valued at $50,000 after acquiring an additional 256 shares during the last quarter. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $80.63, for a total value of $9,238,827.29. Following the completion of the transaction, the insider now directly owns 49,909,940 shares of the company's stock, valued at $4,024,238,462.20. This represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 1,031,247 shares of company stock valued at $83,337,362. Corporate insiders own 1.80% of the company's stock.

Kellanova Trading Up 0.1 %

NYSE K traded up $0.09 during mid-day trading on Thursday, hitting $81.06. The company's stock had a trading volume of 2,041,015 shares, compared to its average volume of 2,899,227. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.53. Kellanova has a 52-week low of $52.46 and a 52-week high of $81.34. The stock's fifty day simple moving average is $80.81 and its two-hundred day simple moving average is $74.73. The firm has a market capitalization of $27.94 billion, a P/E ratio of 27.86, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.06. The company had revenue of $3.23 billion for the quarter, compared to analysts' expectations of $3.16 billion. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Research analysts expect that Kellanova will post 3.74 EPS for the current year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.81%. The ex-dividend date was Monday, December 2nd. Kellanova's dividend payout ratio is currently 78.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on K shares. StockNews.com started coverage on shares of Kellanova in a research report on Monday. They issued a "hold" rating on the stock. BNP Paribas downgraded Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 target price for the company. in a report on Friday, November 1st. Finally, Argus downgraded Kellanova from a "buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Fifteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Kellanova currently has a consensus rating of "Hold" and a consensus target price of $76.35.

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.