Landscape Capital Management L.L.C. Has $1.97 Million Stock Position in Kellanova (NYSE:K)

Landscape Capital Management L.L.C. reduced its position in shares of Kellanova (NYSE:K - Free Report) by 71.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,354 shares of the company's stock after selling 62,030 shares during the period. Landscape Capital Management L.L.C.'s holdings in Kellanova were worth $1,966,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in K. Assetmark Inc. raised its position in shares of Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company's stock worth $51,000 after purchasing an additional 131 shares during the period. MCF Advisors LLC lifted its stake in Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company's stock valued at $34,000 after buying an additional 137 shares during the last quarter. S.A. Mason LLC grew its position in shares of Kellanova by 7.6% during the third quarter. S.A. Mason LLC now owns 1,987 shares of the company's stock worth $160,000 after acquiring an additional 140 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Kellanova by 41.4% during the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after acquiring an additional 158 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Kellanova by 57.2% in the 2nd quarter. Blue Trust Inc. now owns 467 shares of the company's stock valued at $27,000 after purchasing an additional 170 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

K has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Kellanova from $67.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 15th. Evercore ISI raised Kellanova to a "hold" rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price objective on shares of Kellanova from $76.00 to $83.50 and gave the company an "equal weight" rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. increased their target price on shares of Kellanova from $66.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. Finally, Argus downgraded Kellanova from a "buy" rating to a "hold" rating in a research report on Wednesday, October 2nd. Fifteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $76.35.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $80.99, for a total transaction of $9,280,077.17. Following the sale, the insider now directly owns 49,337,025 shares of the company's stock, valued at approximately $3,995,805,654.75. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 1,109,047 shares of company stock valued at $89,483,556 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Kellanova Stock Up 0.2 %

Shares of Kellanova stock traded up $0.15 on Friday, reaching $81.17. 1,525,416 shares of the company were exchanged, compared to its average volume of 3,012,862. The company has a 50-day moving average of $80.77 and a 200 day moving average of $70.58. Kellanova has a one year low of $51.02 and a one year high of $81.34. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 2.59 and a beta of 0.39. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

Kellanova (NYSE:K - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Kellanova will post 3.74 earnings per share for the current year.

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, December 2nd. Kellanova's payout ratio is currently 78.35%.

Kellanova 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.