Mariner LLC Has $3.37 Million Holdings in Kellanova (NYSE:K)

Mariner LLC increased its position in shares of Kellanova (NYSE:K - Free Report) by 32.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,591 shares of the company's stock after acquiring an additional 10,184 shares during the period. Mariner LLC's holdings in Kellanova were worth $3,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Stonebridge Financial Group LLC bought a new position in Kellanova in the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in shares of Kellanova in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova during the 4th quarter worth $32,000. Flagship Wealth Advisors LLC bought a new position in Kellanova in the 4th quarter worth approximately $32,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Kellanova by 64.8% during the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock valued at $36,000 after purchasing an additional 173 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.

Kellanova Trading Down 0.3 %

Shares of NYSE K traded down $0.25 on Friday, reaching $82.52. 1,635,125 shares of the company traded hands, compared to its average volume of 2,745,506. The stock has a market capitalization of $28.49 billion, a PE ratio of 21.34, a P/E/G ratio of 4.21 and a beta of 0.34. Kellanova has a fifty-two week low of $55.96 and a fifty-two week 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 company has a 50 day moving average of $82.39 and a 200 day moving average of $81.57.

Kellanova (NYSE:K - Get Free Report) last released its earnings results 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 return on equity of 37.25% and a net margin of 10.53%. On average, equities research analysts forecast that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.76%. Kellanova's dividend payout ratio is currently 58.91%.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $82.23, for a total transaction of $9,422,160.09. Following the sale, the insider now directly owns 48,191,195 shares in the company, valued at approximately $3,962,761,964.85. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 1,260,413 shares of company stock valued at $103,737,719. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank of Canada downgraded Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. StockNews.com initiated coverage on shares of Kellanova in a research note on Monday. They issued a "buy" rating for the company. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $77.96.

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.