Kellanova (NYSE:K) Shares Acquired by Swiss National Bank

Swiss National Bank grew its position in Kellanova (NYSE:K - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 886,900 shares of the company's stock after acquiring an additional 75,100 shares during the period. Swiss National Bank owned about 0.26% of Kellanova worth $71,812,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Westchester Capital Management LLC acquired a new position in shares of Kellanova during the 3rd quarter worth about $107,795,000. Barclays PLC raised its position in shares of Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the last quarter. State Street Corp raised its position in shares of Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company's stock worth $1,188,489,000 after purchasing an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP raised its position in shares of Kellanova by 63.8% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after purchasing an additional 632,510 shares during the last quarter. Finally, Syquant Capital Sas acquired a new position in shares of Kellanova during the 4th quarter worth about $29,595,000. Institutional investors and hedge funds own 83.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on K shares. Royal Bank of Canada upgraded shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price target for the company in a research report on Tuesday, February 18th. StockNews.com assumed coverage on shares of Kellanova in a research note on Wednesday, March 12th. They set a "hold" rating for the company. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $77.96.

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Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $82.26, for a total transaction of $9,425,597.58. Following the sale, the insider now directly owns 47,618,280 shares in the company, valued at $3,917,079,712.80. This represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,260,413 shares of company stock worth $103,099,492 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

Kellanova Trading Up 0.0 %

Shares of Kellanova stock traded up $0.01 during mid-day trading on Wednesday, hitting $82.36. The stock had a trading volume of 1,245,628 shares, compared to its average volume of 2,376,458. The firm has a 50-day moving average of $82.09 and a two-hundred day moving average of $81.22. Kellanova has a 12-month low of $54.70 and a 12-month high of $83.22. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The firm has a market cap of $28.43 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31.

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 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 earnings per share for the current year.

Kellanova Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

Kellanova Company 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.