Bryn Mawr Capital Management LLC Sells 136 Shares of Kellanova (NYSE:K)

Bryn Mawr Capital Management LLC decreased its stake in Kellanova (NYSE:K) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,031 shares of the company’s stock after selling 136 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Kellanova were worth $974,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Westchester Capital Management LLC bought a new position in Kellanova during the third quarter worth about $107,795,000. Barclays PLC grew its holdings in 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. State Street Corp grew its holdings in Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company’s stock worth $1,188,489,000 after purchasing an additional 731,273 shares during the period. Ilex Capital Partners UK LLP grew its holdings in Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after purchasing an additional 632,510 shares during the period. Finally, Syquant Capital Sas bought a new stake in shares of Kellanova during the fourth quarter worth approximately $29,595,000. Institutional investors own 83.87% of the company’s stock.

Analyst Ratings Changes

K has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a report on Tuesday, February 18th. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Friday, November 1st. Finally, StockNews.com initiated coverage on Kellanova in a report on Monday. They set a “hold” rating for the company. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Kellanova currently has a consensus rating of “Hold” and a consensus price target of $77.96.

Kellanova Stock Down 0.1 %

NYSE K opened at $82.61 on Thursday. 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 has a 1-year low of $52.46 and a 1-year high of $82.85. The company has a 50 day moving average of $81.68 and a 200-day moving average of $80.94. The company has a market cap of $28.52 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 4.21 and a beta of 0.37.

Kellanova (NYSE:K) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. On average, equities research analysts expect that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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%.

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $80.70, for a total transaction of $9,246,848.10. Following the completion of the transaction, the insider now directly owns 49,107,859 shares in the company, valued at approximately $3,963,004,221.30. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,145,830 shares of company stock worth $93,291,187 over the last three months. Corporate insiders own 1.80% of the company’s stock.

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.