2,706 Shares in Kellanova (NYSE:K) Bought by Callan Family Office LLC

Callan Family Office LLC bought a new position in Kellanova (NYSE:K) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,706 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also added to or reduced their stakes in K. Westchester Capital Management LLC bought a new stake in Kellanova in the third quarter worth $107,795,000. Barclays PLC boosted its holdings in Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after acquiring an additional 1,033,383 shares in the last quarter. State Street Corp boosted its holdings in Kellanova by 5.2% in the third 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 in the last quarter. Ilex Capital Partners UK LLP lifted its holdings in shares of Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock valued at $131,091,000 after purchasing an additional 632,510 shares in the last quarter. Finally, Syquant Capital Sas bought a new position in shares of Kellanova during the fourth quarter valued at $29,595,000. 83.87% of the stock is owned by institutional investors.

Kellanova Stock Down 0.2 %

K stock opened at $82.28 on Wednesday. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $83.22. The business’s 50-day moving average is $81.98 and its two-hundred day moving average is $81.16. 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 company has a market cap of $28.41 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 4.21 and a beta of 0.31.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The business 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 $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 is Monday, March 3rd. Kellanova’s payout ratio is 58.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on K shares. Royal Bank of Canada raised Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target on the stock in a report on Tuesday, February 18th. StockNews.com started coverage on Kellanova in a report on Wednesday. They set a “hold” rating on the stock. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.96.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $80.85, for a total value of $9,264,035.55. Following the completion of the sale, the insider now owns 48,764,110 shares in the company, valued at $3,942,578,293.50. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 1,145,830 shares of company stock worth $93,673,894 over the last quarter. 1.80% of the stock is currently 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.