Natixis Advisors LLC Acquires 7,273 Shares of Kellanova (NYSE:K)

Natixis Advisors LLC increased its stake in Kellanova (NYSE:K - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 61,483 shares of the company's stock after purchasing an additional 7,273 shares during the quarter. Natixis Advisors LLC's holdings in Kellanova were worth $4,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of K. State Street Corp lifted its position in shares of Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company's stock valued at $1,188,489,000 after buying an additional 731,273 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kellanova by 3.0% during the third quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company's stock valued at $541,052,000 after purchasing an additional 196,564 shares in the last quarter. Barclays PLC boosted its position in shares of Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Kellanova by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,912 shares of the company's stock worth $136,103,000 after purchasing an additional 50,303 shares in the last quarter. Finally, Ilex Capital Partners UK LLP raised its position in shares of Kellanova by 63.8% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock valued at $131,091,000 after purchasing an additional 632,510 shares during the period. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

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Kellanova Trading Up 0.1 %

Shares of NYSE:K traded up $0.06 during trading on Wednesday, reaching $82.45. The company's stock had a trading volume of 1,909,000 shares, compared to its average volume of 2,542,053. The stock has a market capitalization of $28.46 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. Kellanova has a 12 month low of $55.01 and a 12 month high of $83.22. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The firm's 50 day simple moving average is $82.18 and its two-hundred day simple moving average is $81.29.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (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, research analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on K shares. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com initiated coverage on shares of Kellanova in a research report on Thursday, March 20th. They set a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.96.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $81.28, for a total transaction of $9,313,306.24. Following the completion of the sale, the insider now directly owns 48,649,527 shares of the company's stock, valued at $3,954,233,554.56. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 1,260,413 shares of company stock valued at $103,290,845 over the last 90 days. Insiders own 1.80% of the company's stock.

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.