Kellanova (NYSE:K) Position Reduced by Vontobel Holding Ltd.

Vontobel Holding Ltd. lowered its position in Kellanova (NYSE:K - Free Report) by 81.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,043 shares of the company's stock after selling 98,079 shares during the period. Vontobel Holding Ltd.'s holdings in Kellanova were worth $1,779,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Kellanova by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,312 shares of the company's stock worth $150,909,000 after purchasing an additional 277,171 shares during the period. Yacktman Asset Management LP increased its holdings in Kellanova by 0.5% in the second quarter. Yacktman Asset Management LP now owns 2,141,913 shares of the company's stock valued at $123,546,000 after buying an additional 10,510 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Kellanova by 766.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,881,625 shares of the company's stock valued at $108,532,000 after acquiring an additional 1,664,461 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Kellanova during the 2nd quarter worth approximately $88,065,000. Finally, TD Asset Management Inc grew its holdings in shares of Kellanova by 3.0% in the 2nd quarter. TD Asset Management Inc now owns 1,391,196 shares of the company's stock worth $80,244,000 after acquiring an additional 40,406 shares during the period. Hedge funds and other institutional investors own 83.87% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on K shares. Argus cut Kellanova from a "buy" rating to a "hold" rating in a report on Wednesday, October 2nd. StockNews.com assumed coverage on Kellanova in a research note on Saturday. They set a "hold" rating for the company. Wells Fargo & Company increased their price objective on shares of Kellanova from $76.00 to $83.50 and gave the company an "equal weight" rating in a research note on Thursday, August 15th. The Goldman Sachs Group started coverage on shares of Kellanova in a report on Monday, August 12th. They set a "neutral" rating and a $75.00 target price for the company. Finally, Stifel Nicolaus upped their price target on shares of Kellanova from $64.00 to $76.00 and gave the company a "hold" rating in a report on Monday, August 12th. Fifteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $74.32.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the company's stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $57.23, for a total transaction of $4,452,494.00. Following the completion of the sale, the insider now directly owns 50,908,638 shares in the company, valued at $2,913,501,352.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the business's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $57.23, for a total transaction of $4,452,494.00. Following the completion of the sale, the insider now directly owns 50,908,638 shares in the company, valued at $2,913,501,352.74. The trade was a 0.00 % 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. Also, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.65, for a total transaction of $9,241,118.95. Following the completion of the transaction, the insider now directly owns 50,368,272 shares in the company, valued at approximately $4,062,201,136.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,154,298 shares of company stock valued at $88,847,101 in the last ninety days. Company insiders own 1.80% of the company's stock.

Kellanova Trading Up 0.0 %

Shares of NYSE:K traded up $0.03 during midday trading on Friday, reaching $81.05. The company's stock had a trading volume of 1,643,104 shares, compared to its average volume of 3,127,027. The firm has a market cap of $27.71 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 2.59 and a beta of 0.39. The business has a 50 day moving average price of $80.19 and a 200 day moving average price of $66.65. Kellanova has a 1 year low of $49.28 and a 1 year high of $81.21. The company has a quick ratio of 0.48, a current ratio of 0.73 and a debt-to-equity ratio of 1.46.

Kellanova (NYSE:K - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.90 by $0.11. Kellanova had a return on equity of 36.74% and a net margin of 6.72%. The company had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The firm's revenue was down 4.7% on a year-over-year basis. Research analysts forecast that Kellanova will post 3.7 EPS for the current year.

Kellanova Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued 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 was Tuesday, September 3rd. This is a positive change from Kellanova's previous quarterly dividend of $0.56. Kellanova's dividend payout ratio (DPR) is 85.39%.

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.