Kellanova (NYSE:K) Receives Consensus Rating of "Hold" from Analysts

Shares of Kellanova (NYSE:K - Get Free Report) have been given a consensus rating of "Hold" by the fourteen research firms that are currently covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $77.96.

Several research firms have weighed in on K. Royal Bank of Canada downgraded shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. StockNews.com initiated coverage on shares of Kellanova in a research note on Saturday, April 5th. They set a "hold" rating for the company.

Kellanova Stock Up 0.1 %

Shares of Kellanova stock traded up $0.04 during trading on Tuesday, reaching $82.18. The company's stock had a trading volume of 3,466,962 shares, compared to its average volume of 2,734,686. Kellanova has a 1-year low of $55.01 and a 1-year high of $83.22. The company has a 50-day simple moving average of $82.33 and a two-hundred day simple moving average of $81.46. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The company has a market cap of $28.37 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 4.21 and a beta of 0.34.

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

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $82.03, for a total value of $9,399,243.49. Following the completion of the transaction, the insider now owns 47,274,531 shares in the company, valued at approximately $3,877,929,777.93. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,260,413 shares of company stock valued at $103,558,970 over the last ninety days. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Kellanova

Institutional investors have recently added to or reduced their stakes in the stock. Curat Global LLC purchased a new position in Kellanova during the first quarter valued at $1,085,000. Merit Financial Group LLC lifted its stake in Kellanova by 26.6% in the 1st quarter. Merit Financial Group LLC now owns 6,268 shares of the company's stock valued at $517,000 after buying an additional 1,316 shares in the last quarter. NBC Securities Inc. boosted its holdings in Kellanova by 109,600.0% in the 1st quarter. NBC Securities Inc. now owns 4,388 shares of the company's stock worth $361,000 after buying an additional 4,384 shares during the last quarter. Czech National Bank increased its stake in Kellanova by 5.9% during the 1st quarter. Czech National Bank now owns 61,754 shares of the company's stock worth $5,094,000 after buying an additional 3,458 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Kellanova by 10.8% during the first quarter. Rhumbline Advisers now owns 694,801 shares of the company's stock valued at $57,314,000 after acquiring an additional 67,465 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

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.