7,045 Shares in Kellanova (NYSE:K) Purchased by Miller Financial Services LLC

Miller Financial Services LLC bought a new position in shares of Kellanova (NYSE:K - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,045 shares of the company's stock, valued at approximately $570,000.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its holdings in shares of Kellanova by 5.1% during the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock valued at $14,435,000 after acquiring an additional 8,686 shares during the period. Principal Financial Group Inc. increased its stake in Kellanova by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 373,792 shares of the company's stock valued at $30,169,000 after buying an additional 24,067 shares during the period. Wedmont Private Capital acquired a new position in Kellanova in the 4th quarter valued at approximately $384,000. Barclays PLC lifted its position in Kellanova by 134.7% in the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after buying an additional 1,033,383 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Kellanova during the 3rd quarter valued at $4,211,000. 83.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $80.85, for a total transaction of $9,264,035.55. Following the sale, the insider now directly owns 48,764,110 shares of the company's stock, valued at $3,942,578,293.50. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 1,145,830 shares of company stock valued at $93,673,894. Insiders own 1.80% of the company's stock.

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Analyst Ratings Changes

K has been the subject of several recent research reports. StockNews.com initiated coverage on Kellanova in a report on Tuesday, March 4th. They set a "hold" rating for the company. Royal Bank of Canada upgraded Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price target for the company in a report on Tuesday, February 18th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $77.96.

Kellanova Stock Down 0.2 %

Shares of NYSE K traded down $0.17 during mid-day trading on Tuesday, reaching $82.28. 3,662,145 shares of the company traded hands, compared to its average volume of 2,462,055. 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 stock has a market cap of $28.41 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. The company's fifty day moving average is $81.98 and its two-hundred day moving average is $81.16. Kellanova has a fifty-two week low of $52.46 and a fifty-two 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 return on equity of 37.25% and a net margin of 10.53%. On average, analysts expect that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. Kellanova's dividend payout ratio is presently 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.