Kellanova (NYSE:K) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its position in shares of Kellanova (NYSE:K - Free Report) by 19.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,051,532 shares of the company's stock after buying an additional 171,609 shares during the quarter. Bank of Montreal Can owned 0.31% of Kellanova worth $84,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of Kellanova by 57.2% during the 2nd quarter. Blue Trust Inc. now owns 467 shares of the company's stock valued at $27,000 after acquiring an additional 170 shares during the period. Family Firm Inc. bought a new position in shares of Kellanova in the second quarter worth about $29,000. CVA Family Office LLC lifted its position in shares of Kellanova by 529.3% during the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company's stock valued at $29,000 after buying an additional 307 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Kellanova by 61.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock worth $30,000 after acquiring an additional 200 shares in the last quarter. Finally, MCF Advisors LLC raised its stake 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 acquiring an additional 137 shares during the period. Institutional investors own 83.87% of the company's stock.

Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.65, for a total value of $9,241,118.95. Following the transaction, the insider now directly owns 50,368,272 shares in the company, valued at $4,062,201,136.80. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 1,031,247 shares of company stock valued at $83,211,320. Company insiders own 1.80% of the company's stock.

Kellanova Stock Performance

NYSE K traded up $0.07 on Wednesday, hitting $81.20. 170,723 shares of the company's stock traded hands, compared to its average volume of 2,996,123. The firm has a market capitalization of $27.99 billion, a PE ratio of 27.88, a P/E/G ratio of 2.61 and a beta of 0.39. Kellanova has a 1-year low of $51.02 and a 1-year high of $81.34. The firm's 50-day moving average price is $80.79 and its two-hundred day moving average price is $70.99. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

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, beating the consensus estimate of $0.85 by $0.06. The business had revenue of $3.23 billion during 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 company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. As a group, analysts expect that Kellanova will post 3.74 EPS for the current year.

Kellanova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, December 2nd. Kellanova's dividend payout ratio (DPR) is presently 78.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group began coverage on Kellanova in a report on Monday, August 12th. They set a "neutral" rating and a $75.00 price target on the stock. Bank of America upgraded shares of Kellanova from a "neutral" rating to a "buy" rating and lifted their price target for the company from $62.00 to $70.00 in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kellanova from $76.00 to $83.50 and gave the company a "hold" rating in a report on Thursday, August 15th. Evercore ISI raised Kellanova to a "hold" rating in a research note on Friday, August 2nd. Finally, Stifel Nicolaus upped their price objective on Kellanova from $64.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, August 12th. Fifteen equities 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 currently has a consensus rating of "Hold" and an average target price of $76.35.

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.