Olympiad Research LP Has $2.51 Million Holdings in Kellanova (NYSE:K)

Olympiad Research LP grew its position in shares of Kellanova (NYSE:K) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,017 shares of the company’s stock after acquiring an additional 6,157 shares during the quarter. Kellanova comprises approximately 2.6% of Olympiad Research LP’s holdings, making the stock its 3rd largest holding. Olympiad Research LP’s holdings in Kellanova were worth $2,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foundations Investment Advisors LLC purchased a new stake in Kellanova during the 3rd quarter valued at $488,000. International Assets Investment Management LLC raised its holdings in Kellanova by 7,849.5% during the 3rd quarter. International Assets Investment Management LLC now owns 86,729 shares of the company’s stock valued at $7,000,000 after buying an additional 85,638 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Kellanova by 27.2% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 24,909 shares of the company’s stock valued at $2,010,000 after buying an additional 5,331 shares during the period. IFM Investors Pty Ltd raised its holdings in Kellanova by 2.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 57,241 shares of the company’s stock valued at $4,620,000 after buying an additional 1,484 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in Kellanova by 2.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,934 shares of the company’s stock valued at $1,367,000 after buying an additional 457 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Kellanova Price Performance

Shares of NYSE K opened at $82.63 on Friday. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $82.72. The company has a market cap of $28.48 billion, a PE ratio of 21.35, a P/E/G ratio of 4.21 and a beta of 0.37. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The business has a 50-day simple moving average of $81.55 and a two-hundred day simple moving average of $80.71.

Kellanova (NYSE:K) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.76%. Kellanova’s dividend payout ratio is currently 58.91%.

Analyst Ratings Changes

Several analysts recently weighed in on K shares. StockNews.com started coverage on Kellanova in a report on Sunday, February 16th. They set a “hold” rating on the stock. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price on the stock in a research note on Tuesday, February 18th. Finally, BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Friday, November 1st. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.96.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 49,222,442 shares in the company, valued at $3,997,354,514.82. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 1,145,830 shares of company stock worth $93,291,187. 1.80% of the stock is owned by corporate insiders.

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.