4,875 Shares in Kellanova (NYSE:K) Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new stake in Kellanova (NYSE:K) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,875 shares of the company’s stock, valued at approximately $394,000.

Other large investors also recently modified their holdings of the company. D. E. Shaw & Co. Inc. lifted its holdings in Kellanova by 766.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,881,625 shares of the company’s stock worth $108,532,000 after buying an additional 1,664,461 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Kellanova during the 2nd quarter valued at approximately $88,065,000. Westchester Capital Management LLC acquired a new position in Kellanova in the third quarter worth $107,795,000. Point72 Asset Management L.P. bought a new stake in Kellanova during the second quarter valued at $63,585,000. Finally, Barclays PLC raised its holdings in shares of Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Stock Performance

Shares of K opened at $80.56 on Friday. 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 market capitalization of $27.77 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.59 and a beta of 0.38. Kellanova has a 12-month low of $52.46 and a 12-month high of $81.34. The firm’s 50 day moving average is $80.82 and its 200-day moving average is $72.65.

Kellanova (NYSE:K) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter last year, the business posted $1.03 EPS. Kellanova’s revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that Kellanova will post 3.74 EPS for the current fiscal year.

Kellanova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.57 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 2.83%. Kellanova’s dividend payout ratio (DPR) is presently 78.35%.

Insider Buying and Selling

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $80.68, for a total value of $9,244,556.44. Following the transaction, the insider now owns 50,253,689 shares in the company, valued at $4,054,467,628.52. This represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 1,145,830 shares of company stock valued at $92,568,168. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on K shares. DA Davidson lowered shares of Kellanova from a “buy” rating to a “neutral” rating and lifted their price target for the company from $80.00 to $83.50 in a report on Monday, August 26th. StockNews.com started coverage on Kellanova in a research report on Saturday. They set a “hold” rating for the company. Argus cut shares of Kellanova from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, November 1st. Fifteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $76.35.

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.