WINTON GROUP Ltd Sells 4,137 Shares of Kellanova (NYSE:K)

WINTON GROUP Ltd lessened its stake in Kellanova (NYSE:K - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 221,833 shares of the company's stock after selling 4,137 shares during the quarter. Kellanova makes up about 1.2% of WINTON GROUP Ltd's investment portfolio, making the stock its 7th largest position. WINTON GROUP Ltd owned about 0.06% of Kellanova worth $17,962,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westchester Capital Management LLC bought a new stake in Kellanova in the 3rd quarter worth approximately $107,795,000. Barclays PLC raised its stake in Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after purchasing an additional 1,033,383 shares in the last quarter. State Street Corp lifted its position in Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company's stock valued at $1,188,489,000 after purchasing an additional 731,273 shares during the last quarter. Ilex Capital Partners UK LLP grew its stake in shares of Kellanova by 63.8% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company's stock worth $131,091,000 after buying an additional 632,510 shares in the last quarter. Finally, Cibc World Markets Corp increased its holdings in shares of Kellanova by 538.6% in the 4th quarter. Cibc World Markets Corp now owns 585,691 shares of the company's stock worth $47,423,000 after buying an additional 493,976 shares during the last quarter. Institutional investors own 83.87% of the company's stock.

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Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $81.28, for a total value of $9,313,306.24. Following the transaction, the insider now directly owns 48,649,527 shares of the company's stock, valued at approximately $3,954,233,554.56. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 1,260,413 shares of company stock valued at $103,473,032. 1.80% of the stock is currently owned by corporate insiders.

Kellanova Trading Down 0.0 %

NYSE:K traded down $0.02 during midday trading on Monday, hitting $82.46. The stock had a trading volume of 576,696 shares, compared to its average volume of 2,338,291. The stock has a 50-day moving average of $82.24 and a 200 day moving average of $81.34. The company has a market capitalization of $28.46 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 4.21 and a beta of 0.31. Kellanova has a one year low of $55.01 and a one year high of $83.22. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. As a group, sell-side analysts forecast that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on K. StockNews.com began coverage on Kellanova in a research report on Friday. They issued a "hold" rating for the company. Royal Bank of Canada downgraded Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $77.96.

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.