Kellanova (NYSE:K) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its position in Kellanova (NYSE:K - Free Report) by 21.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,044 shares of the company's stock after selling 5,250 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Kellanova were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Westchester Capital Management LLC purchased a new position in Kellanova during the third quarter worth about $107,795,000. Barclays PLC lifted its holdings in shares of Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after acquiring an additional 1,033,383 shares during the period. State Street Corp boosted its position in shares of Kellanova by 5.2% in the third quarter. State Street Corp now owns 14,725,420 shares of the company's stock worth $1,188,489,000 after acquiring an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP grew its holdings in Kellanova by 63.8% in the third 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. Finally, Cibc World Markets Corp grew its holdings in Kellanova by 538.6% in the fourth quarter. Cibc World Markets Corp now owns 585,691 shares of the company's stock valued at $47,423,000 after purchasing an additional 493,976 shares during the period. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on K shares. Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. StockNews.com began coverage on Kellanova in a research report on Friday. They set a "hold" rating for the company. Fourteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Kellanova presently has an average rating of "Hold" and an average price target of $77.96.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $81.42, for a total transaction of $9,329,347.86. Following the sale, the insider now directly owns 48,534,944 shares of the company's stock, valued at approximately $3,951,715,140.48. This represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 1,260,413 shares of company stock valued at $103,473,032. 1.80% of the stock is currently owned by corporate insiders.

Kellanova Stock Down 0.1 %

Shares of K traded down $0.05 during mid-day trading on Tuesday, reaching $82.45. 2,316,609 shares of the stock traded hands, compared to its average volume of 2,672,533. The stock has a fifty day simple moving average of $82.25 and a 200 day simple moving average of $81.36. Kellanova has a 12-month low of $55.01 and a 12-month high of $83.22. 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 firm has a market cap of $28.46 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 4.21 and a beta of 0.31.

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%. Sell-side analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 was Monday, March 3rd. Kellanova's payout ratio is 58.91%.

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.