Russell Investments Group Ltd. Sells 30,252 Shares of Kellanova (NYSE:K)

Russell Investments Group Ltd. cut its position in Kellanova (NYSE:K - Free Report) by 12.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,532 shares of the company's stock after selling 30,252 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Kellanova worth $17,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in Kellanova during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in Kellanova during the 4th quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova in the 4th quarter worth about $32,000. Flagship Wealth Advisors LLC acquired a new position in shares of Kellanova in the 4th quarter valued at about $32,000. Finally, First Horizon Advisors Inc. increased its holdings in 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 purchasing an additional 173 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors.

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the transaction, the insider now owns 48,305,778 shares of the company's stock, valued at $3,956,726,275.98. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 1,260,413 shares of company stock worth $103,672,407. Company insiders own 1.80% of the company's stock.

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Kellanova Price Performance

Shares of NYSE:K traded down $0.11 on Tuesday, hitting $82.35. The company's stock had a trading volume of 507,128 shares, compared to its average volume of 2,722,270. 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 has a 50-day simple moving average of $82.35 and a 200 day simple moving average of $81.48. The company has a market capitalization of $28.43 billion, a PE ratio of 21.28, a PEG ratio of 4.21 and a beta of 0.34. Kellanova has a 1 year low of $55.01 and a 1 year high of $83.22.

Kellanova (NYSE:K - Get Free Report) last released its quarterly 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 net margin of 10.53% and a return on equity of 37.25%. Sell-side analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The firm also recently disclosed 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 2.77%. Kellanova's dividend payout ratio (DPR) is 58.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on K shares. Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com assumed coverage on Kellanova in a research note on Sunday. They issued a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $77.96.

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.