Marshall Wace LLP Sells 98,555 Shares of Kellanova (NYSE:K)

Marshall Wace LLP lessened its holdings in shares of Kellanova (NYSE:K - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 199,456 shares of the company's stock after selling 98,555 shares during the quarter. Marshall Wace LLP owned approximately 0.06% of Kellanova worth $16,150,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC acquired a new position in shares of Kellanova during the 4th quarter valued at about $27,000. BankPlus Trust Department acquired a new position in Kellanova during the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova in the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new position in shares of Kellanova in the fourth quarter valued at approximately $32,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Kellanova by 64.8% in the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock worth $36,000 after buying an additional 173 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Price Performance

Shares of K traded down $0.18 during trading hours on Friday, hitting $82.59. The stock had a trading volume of 2,206,562 shares, compared to its average volume of 2,746,713. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 4.21 and a beta of 0.34. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. The company's fifty day moving average is $82.39 and its two-hundred day moving average is $81.57. Kellanova has a 52 week low of $55.96 and a 52 week high of $83.22.

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

Kellanova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid 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 (DPR) is presently 58.91%.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $82.26, for a total transaction of $9,425,597.58. Following the completion of the sale, the insider now owns 47,045,365 shares in the company, valued at $3,869,951,724.90. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 1,260,413 shares of company stock valued at $103,737,719 over the last ninety days. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on K. Royal Bank of Canada cut shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com started coverage on shares of Kellanova in a research note on Monday. They issued a "buy" rating for the company. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Kellanova currently has an average rating of "Hold" and an average price target 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.