Kellanova (NYSE:K) Shares Sold by KRYGER CAPITAL Ltd

KRYGER CAPITAL Ltd lessened its holdings in shares of Kellanova (NYSE:K - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 689,096 shares of the company's stock after selling 84,251 shares during the quarter. Kellanova makes up about 14.5% of KRYGER CAPITAL Ltd's portfolio, making the stock its 3rd biggest holding. KRYGER CAPITAL Ltd owned approximately 0.20% of Kellanova worth $55,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in K. Independent Advisor Alliance boosted its position in shares of Kellanova by 16.5% during the 4th quarter. Independent Advisor Alliance now owns 7,203 shares of the company's stock valued at $583,000 after acquiring an additional 1,019 shares during the last quarter. Aviva PLC grew its stake in shares of Kellanova by 2.6% in the 4th quarter. Aviva PLC now owns 542,709 shares of the company's stock valued at $43,943,000 after buying an additional 13,531 shares during the period. Toronto Dominion Bank increased its holdings in shares of Kellanova by 5.1% during the 3rd quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock worth $14,435,000 after buying an additional 8,686 shares during the last quarter. Wedmont Private Capital purchased a new stake in shares of Kellanova during the 4th quarter valued at approximately $384,000. Finally, Barclays PLC lifted its holdings in Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after acquiring an additional 1,033,383 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

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Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $82.41, for a total value of $9,442,785.03. Following the completion of the sale, the insider now owns 47,159,948 shares of the company's stock, valued at approximately $3,886,451,314.68. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,260,413 shares of company stock valued at $103,672,407 over the last ninety days. Corporate insiders own 1.80% of the company's stock.

Kellanova Stock Performance

NYSE K traded down $0.14 during trading on Tuesday, reaching $82.31. The company's stock had a trading volume of 1,372,325 shares, compared to its average volume of 2,725,616. The business's fifty day moving average price is $82.35 and its 200-day moving average price is $81.48. Kellanova has a twelve month low of $55.01 and a twelve month high of $83.22. 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 firm has a market cap of $28.41 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 4.21 and a beta of 0.34.

Kellanova (NYSE:K - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts anticipate that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on K. StockNews.com began coverage on Kellanova in a research note on Sunday. They issued a "hold" rating on the stock. Royal Bank of Canada downgraded shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Fourteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $77.96.

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.