Tredje AP fonden Decreases Stock Holdings in Kellanova (NYSE:K)

Tredje AP fonden lowered its position in Kellanova (NYSE:K - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,556 shares of the company's stock after selling 45,555 shares during the period. Tredje AP fonden's holdings in Kellanova were worth $3,689,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank raised its stake in Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock valued at $14,435,000 after buying an additional 8,686 shares during the last quarter. Wedmont Private Capital purchased a new position in shares of Kellanova in the 4th quarter valued at approximately $384,000. Barclays PLC boosted its stake in Kellanova by 134.7% in 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Kellanova during the 3rd quarter worth approximately $4,211,000. Finally, Impax Asset Management Group plc acquired a new position in Kellanova during the 3rd quarter valued at approximately $4,991,000. Institutional investors own 83.87% of the company's stock.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $82.55, for a total transaction of $9,458,826.65. Following the completion of the transaction, the insider now directly owns 47,732,863 shares in the company, valued at approximately $3,940,347,840.65. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,145,830 shares of company stock worth $93,673,894 in the last ninety days. Company insiders own 1.80% of the company's stock.

Kellanova Stock Up 0.0 %

Shares of K opened at $82.30 on Friday. The company has a market capitalization of $28.41 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 4.21 and a beta of 0.31. Kellanova has a 52 week low of $52.46 and a 52 week high of $83.22. The stock's 50-day moving average price is $82.03 and its 200-day moving average price is $81.18. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

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Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data 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%. On average, sell-side analysts predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 3rd. Kellanova's payout ratio is currently 58.91%.

Analyst Ratings Changes

Several research firms have recently commented on K. Royal Bank of Canada upgraded shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 price objective for the company in a research note on Tuesday, February 18th. StockNews.com assumed coverage on Kellanova in a research report on Wednesday. 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $77.96.

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.

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