Syquant Capital Sas Makes New $29.60 Million Investment in Kellanova (NYSE:K)

Syquant Capital Sas bought a new position in shares of Kellanova (NYSE:K - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 365,500 shares of the company's stock, valued at approximately $29,595,000. Kellanova comprises 42.0% of Syquant Capital Sas' portfolio, making the stock its largest holding. Syquant Capital Sas owned about 0.11% of Kellanova at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of K. CVA Family Office LLC raised its stake in Kellanova by 529.3% in the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company's stock valued at $29,000 after purchasing an additional 307 shares during the last quarter. Newbridge Financial Services Group Inc. grew its stake in shares of Kellanova by 61.9% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock valued at $30,000 after buying an additional 200 shares during the period. MCF Advisors LLC increased its holdings in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company's stock worth $34,000 after buying an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Kellanova by 41.4% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after buying an additional 158 shares during the period. Finally, Mather Group LLC. grew its position in Kellanova by 71.3% during the third quarter. Mather Group LLC. now owns 615 shares of the company's stock valued at $50,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 83.87% of the company's stock.

Kellanova Price Performance

Shares of NYSE K traded down $0.12 during mid-day trading on Monday, reaching $81.39. 2,560,983 shares of the company traded hands, compared to its average volume of 2,012,641. The firm has a market cap of $28.05 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.59 and a beta of 0.37. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.53. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $81.58. The stock has a fifty day simple moving average of $80.91 and a 200-day simple moving average of $76.00.

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

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, December 2nd. Kellanova's dividend payout ratio (DPR) is presently 78.35%.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Monday, October 28th. The shares were sold at an average price of $80.76, for a total value of $9,253,723.08. Following the completion of the sale, the insider now owns 49,680,774 shares of the company's stock, valued at approximately $4,012,219,308.24. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 916,664 shares of company stock worth $74,179,888. Corporate insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. BNP Paribas lowered Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 target price for the company. in a research note on Friday, November 1st. StockNews.com assumed coverage on shares of Kellanova in a research report on Tuesday, January 7th. They set a "hold" rating on the stock. Finally, Argus downgraded shares of Kellanova from a "buy" rating to a "hold" rating in a research note on Wednesday, October 2nd. Fifteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Kellanova presently has an average rating of "Hold" and an average target price of $76.35.

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.