Quantinno Capital Management LP Boosts Stock Position in Kellanova (NYSE:K)

Quantinno Capital Management LP boosted its holdings in Kellanova (NYSE:K - Free Report) by 15.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,504 shares of the company's stock after purchasing an additional 13,348 shares during the quarter. Quantinno Capital Management LP's holdings in Kellanova were worth $7,870,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Investors Research Corp boosted its stake in Kellanova by 1.0% during the third quarter. Investors Research Corp now owns 12,991 shares of the company's stock valued at $1,049,000 after buying an additional 125 shares during the last quarter. Assetmark Inc. raised its holdings 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 acquiring an additional 131 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company's stock valued at $34,000 after acquiring an additional 137 shares during the last quarter. S.A. Mason LLC grew its holdings in shares of Kellanova by 7.6% in the third quarter. S.A. Mason LLC now owns 1,987 shares of the company's stock valued at $160,000 after purchasing an additional 140 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Kellanova by 41.4% in the third quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after purchasing an additional 158 shares during the last quarter. 83.87% of the stock is owned by hedge funds and other institutional investors.

Kellanova Trading Down 0.0 %

K stock traded down $0.03 during trading on Friday, hitting $80.74. The company had a trading volume of 1,187,405 shares, compared to its average volume of 2,966,406. Kellanova has a 52-week low of $52.46 and a 52-week high of $81.34. The company has a 50 day simple moving average of $80.82 and a 200-day simple moving average of $71.84. The firm has a market capitalization of $27.83 billion, a P/E ratio of 27.75, a PEG ratio of 2.59 and a beta of 0.38. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34.

Kellanova (NYSE:K - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.06. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same period last year, the company posted $1.03 earnings per share. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Kellanova will post 3.74 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, December 2nd. Kellanova's dividend payout ratio (DPR) is presently 78.35%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on K shares. The Goldman Sachs Group initiated coverage on shares of Kellanova in a research note on Monday, August 12th. They issued a "neutral" rating and a $75.00 price objective for the company. StockNews.com initiated coverage on Kellanova in a research report on Friday. They issued a "hold" rating for the company. Stifel Nicolaus upped their price objective on Kellanova from $64.00 to $76.00 and gave the company a "hold" rating in a research report on Monday, August 12th. Wells Fargo & Company raised their price objective on Kellanova from $76.00 to $83.50 and gave the company an "equal weight" rating in a research note on Thursday, August 15th. Finally, Barclays boosted their target price on Kellanova from $67.00 to $83.00 and gave the company an "equal weight" rating in a research report on Thursday, August 15th. Fifteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $76.35.

Insiders Place Their Bets

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $80.25, for a total transaction of $9,195,285.75. Following the transaction, the insider now directly owns 50,482,855 shares in the company, valued at approximately $4,051,249,113.75. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 1,145,830 shares of company stock worth $92,516,606. 1.80% of the stock is currently owned by company insiders.

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.