WINTON GROUP Ltd Has $17.96 Million Position in Kellanova (NYSE:K)

WINTON GROUP Ltd lowered its position in shares of Kellanova (NYSE:K) by 1.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 221,833 shares of the company’s stock after selling 4,137 shares during the period. Kellanova comprises about 1.2% of WINTON GROUP Ltd’s portfolio, making the stock its 7th biggest position. WINTON GROUP Ltd owned about 0.06% of Kellanova worth $17,962,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Independent Advisor Alliance increased its position in Kellanova by 16.5% during the 4th quarter. Independent Advisor Alliance now owns 7,203 shares of the company’s stock valued at $583,000 after purchasing an additional 1,019 shares during the period. Toronto Dominion Bank lifted its holdings in Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock valued at $14,435,000 after buying an additional 8,686 shares during the period. Wedmont Private Capital bought a new stake in Kellanova during the fourth quarter valued at $384,000. Barclays PLC boosted its position 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 acquiring an additional 1,033,383 shares during the last quarter. Finally, Alpine Associates Management Inc. grew its holdings in Kellanova by 93.5% during the 4th quarter. Alpine Associates Management Inc. now owns 612,850 shares of the company’s stock worth $49,622,000 after acquiring an additional 296,150 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Kellanova Stock Performance

K opened at $82.45 on Thursday. Kellanova has a 1-year low of $55.01 and a 1-year high of $83.22. The company has a market cap of $28.46 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 4.21 and a beta of 0.31. The company’s fifty day moving average price is $82.21 and its two-hundred day moving average price is $81.30. 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 (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share 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%. On average, analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. Kellanova’s payout ratio is 58.91%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $81.28, for a total transaction of $9,313,306.24. Following the transaction, the insider now owns 48,649,527 shares of the company’s stock, valued at $3,954,233,554.56. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 1,260,413 shares of company stock worth $103,290,845. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on K shares. Royal Bank of Canada lowered Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. StockNews.com began coverage on Kellanova in a report on Thursday, March 20th. They set a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Kellanova currently has a consensus rating of “Hold” and an average target price 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.