UniSuper Management Pty Ltd Increases Stock Holdings in Kellanova (NYSE:K)

UniSuper Management Pty Ltd lifted its stake in shares of Kellanova (NYSE:K - Free Report) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,250 shares of the company's stock after purchasing an additional 5,852 shares during the quarter. UniSuper Management Pty Ltd's holdings in Kellanova were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Westchester Capital Management LLC bought a new stake in shares of Kellanova during the third quarter worth about $107,795,000. Barclays PLC boosted its position in 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 buying an additional 1,033,383 shares during the period. State Street Corp grew its holdings in 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 acquiring an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP increased its position in Kellanova by 63.8% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock valued at $131,091,000 after acquiring an additional 632,510 shares during the period. Finally, Cibc World Markets Corp raised its stake in shares of Kellanova by 538.6% during the fourth quarter. Cibc World Markets Corp now owns 585,691 shares of the company's stock valued at $47,423,000 after acquiring an additional 493,976 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

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Kellanova Trading Down 0.1 %

Shares of Kellanova stock traded down $0.05 on Tuesday, reaching $82.45. 2,316,609 shares of the company's stock were exchanged, compared to its average volume of 2,672,533. The firm's 50-day moving average is $82.25 and its two-hundred day moving average is $81.36. The company has a market capitalization of $28.46 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. 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 52 week low of $55.01 and a 52 week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last posted 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 predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova's payout ratio is 58.91%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $82.44, for a total value of $9,446,222.52. Following the transaction, the insider now directly owns 47,389,114 shares of the company's stock, valued at approximately $3,906,758,558.16. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 1,260,413 shares of company stock valued at $103,473,032. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on K shares. Royal Bank of Canada cut shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. StockNews.com began coverage on Kellanova in a research note on Friday. They issued a "hold" rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Kellanova presently has an average rating of "Hold" and an average target price 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.