Kellanova (NYSE:K) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in Kellanova (NYSE:K - Free Report) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 536,128 shares of the company's stock after purchasing an additional 5,922 shares during the period. Renaissance Technologies LLC owned 0.16% of Kellanova worth $43,410,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of K. FIL Ltd boosted its holdings in shares of Kellanova by 182.3% in the 4th quarter. FIL Ltd now owns 2,388,000 shares of the company's stock valued at $193,356,000 after purchasing an additional 1,542,000 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Kellanova by 2.7% during the fourth quarter. Invesco Ltd. now owns 4,168,070 shares of the company's stock valued at $337,489,000 after acquiring an additional 111,396 shares during the period. Yakira Capital Management Inc. boosted its position in Kellanova by 318.7% during the fourth quarter. Yakira Capital Management Inc. now owns 95,250 shares of the company's stock valued at $7,712,000 after purchasing an additional 72,500 shares during the last quarter. Waterloo Capital L.P. grew its holdings in Kellanova by 10.5% during the fourth quarter. Waterloo Capital L.P. now owns 27,279 shares of the company's stock valued at $2,209,000 after purchasing an additional 2,601 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Kellanova by 102.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 69,962 shares of the company's stock valued at $5,665,000 after buying an additional 35,377 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the sale, the insider now directly owns 48,305,778 shares of the company's stock, valued at approximately $3,956,726,275.98. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 1,260,413 shares of company stock worth $103,672,407. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

K has been the subject of several research analyst reports. StockNews.com began coverage on shares of Kellanova in a research report on Sunday. They issued a "hold" rating for the company. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. Fourteen research 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, Kellanova currently has a consensus rating of "Hold" and an average price target of $77.96.

Kellanova Stock Performance

Shares of Kellanova stock traded up $0.01 on Wednesday, hitting $82.31. 331,339 shares of the company's stock were exchanged, compared to its average volume of 2,569,616. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The company has a 50-day simple moving average of $82.35 and a 200-day simple moving average of $81.48. The stock has a market capitalization of $28.41 billion, a PE ratio of 21.27, a PEG ratio of 4.21 and a beta of 0.34. Kellanova has a 1 year low of $55.60 and a 1 year high of $83.22.

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

Kellanova Announces Dividend

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