Vontobel Holding Ltd. Sells 9,768 Shares of Kellanova (NYSE:K)

Vontobel Holding Ltd. lessened its position in shares of Kellanova (NYSE:K - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,275 shares of the company's stock after selling 9,768 shares during the period. Vontobel Holding Ltd.'s holdings in Kellanova were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in Kellanova during the fourth quarter worth about $27,000. MCF Advisors LLC grew 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 valued at $34,000 after purchasing an additional 137 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company's stock worth $44,000 after purchasing an additional 158 shares in the last quarter. Assetmark Inc. lifted its stake in Kellanova by 26.2% in the 3rd quarter. Assetmark Inc. now owns 631 shares of the company's stock valued at $51,000 after purchasing an additional 131 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in Kellanova in the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 83.87% of the company's stock.

Kellanova Trading Up 0.2 %

K stock traded up $0.18 during trading on Friday, hitting $82.63. The company had a trading volume of 2,683,968 shares, compared to its average volume of 2,389,531. The stock has a market cap of $28.48 billion, a PE ratio of 21.35, a PEG ratio of 4.21 and a beta of 0.37. The business has a 50-day moving average of $81.51 and a 200-day moving average of $80.64. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. Kellanova has a one year low of $52.46 and a one year high of $82.72.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (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%. Research analysts predict that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.76%. Kellanova's dividend payout ratio (DPR) is currently 58.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on K shares. BNP Paribas downgraded shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target for the company. in a report on Friday, November 1st. Royal Bank of Canada raised Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 target price for the company in a report on Tuesday. Finally, StockNews.com initiated coverage on Kellanova in a research note on Sunday, February 16th. They set a "hold" rating on the stock. Thirteen research 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 presently has a consensus rating of "Hold" and an average target price of $77.96.

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 Monday, December 9th. The stock was sold at an average price of $80.70, for a total transaction of $9,246,848.10. Following the transaction, the insider now directly owns 49,107,859 shares in the company, valued at approximately $3,963,004,221.30. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 1,145,830 shares of company stock worth $93,291,187. Company insiders own 1.80% of the company's stock.

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.