TD Waterhouse Canada Inc. Sells 10,592 Shares of Kellanova (NYSE:K)

TD Waterhouse Canada Inc. reduced its stake in Kellanova (NYSE:K - Free Report) by 58.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,439 shares of the company's stock after selling 10,592 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Kellanova were worth $603,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of Kellanova during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in Kellanova in the fourth quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in Kellanova during the 4th quarter worth approximately $32,000. Flagship Wealth Advisors LLC acquired a new stake in Kellanova in the fourth quarter valued at approximately $32,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Kellanova by 64.8% in the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock valued at $36,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 83.87% of the company's stock.

Kellanova Stock Up 0.2 %

Kellanova stock traded up $0.16 during mid-day trading on Tuesday, reaching $82.60. The stock had a trading volume of 3,799,148 shares, compared to its average volume of 2,743,339. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. Kellanova has a fifty-two week low of $55.96 and a fifty-two week high of $83.22. The stock's 50-day simple moving average is $82.39 and its 200-day simple moving average is $81.61. The firm has a market capitalization of $28.51 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.76%. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on K shares. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com initiated coverage on Kellanova in a research report on Monday, April 21st. They set a "buy" rating for the company. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $77.96.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $82.70, for a total transaction of $9,476,014.10. Following the transaction, the insider now owns 47,847,446 shares of the company's stock, valued at $3,956,983,784.20. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,260,413 shares of company stock worth $103,801,886 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

About Kellanova

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.