Zurcher Kantonalbank Zurich Cantonalbank Has $10.26 Million Position in Kellanova (NYSE:K)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Kellanova (NYSE:K - Free Report) by 28.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,138 shares of the company's stock after selling 49,681 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Kellanova were worth $10,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Blue Trust Inc. lifted its position in Kellanova by 57.2% during the 2nd quarter. Blue Trust Inc. now owns 467 shares of the company's stock worth $27,000 after buying an additional 170 shares in the last quarter. Family Firm Inc. acquired a new position in shares of Kellanova during the second quarter worth approximately $29,000. CVA Family Office LLC grew its stake in shares of Kellanova by 529.3% during the third quarter. CVA Family Office LLC now owns 365 shares of the company's stock valued at $29,000 after purchasing an additional 307 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in shares of Kellanova by 61.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company's stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of Kellanova by 48.8% in the third quarter. MCF Advisors LLC now owns 418 shares of the company's stock valued at $34,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on K shares. The Goldman Sachs Group started coverage on Kellanova in a research report on Monday, August 12th. They issued a "neutral" rating and a $75.00 price objective on the stock. Stifel Nicolaus lifted their price objective on Kellanova from $64.00 to $76.00 and gave the stock a "hold" rating in a research report on Monday, August 12th. Wells Fargo & Company upped their target price on shares of Kellanova from $76.00 to $83.50 and gave the company an "equal weight" rating in a research report on Thursday, August 15th. StockNews.com assumed coverage on shares of Kellanova in a research report on Thursday. They set a "hold" rating for the company. Finally, Barclays raised their price objective on shares of Kellanova from $67.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday, August 15th. Fifteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $76.35.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $81.21, for a total value of $9,305,285.43. Following the sale, the insider now owns 49,222,442 shares of the company's stock, valued at approximately $3,997,354,514.82. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 1,145,830 shares of company stock worth $92,516,606. Corporate insiders own 1.80% of the company's stock.

Kellanova Trading Down 0.0 %

Shares of Kellanova stock traded down $0.01 during trading hours on Monday, hitting $80.71. The company's stock had a trading volume of 2,653,707 shares, compared to its average volume of 2,991,617. The company has a market capitalization of $27.82 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 2.61 and a beta of 0.39. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.53. The stock has a 50 day moving average of $80.82 and a 200 day moving average of $71.52. Kellanova has a 12 month low of $52.46 and a 12 month high of $81.34.

Kellanova (NYSE:K - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $3.23 billion during the quarter, compared to analysts' expectations of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. Analysts predict that Kellanova will post 3.74 earnings per share for the current year.

Kellanova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, December 2nd. Kellanova's dividend payout ratio is presently 78.35%.

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.