3 days Ago By ABMN Staff
Bokf Na trimmed its holdings in shares of Kellanova ( NYSE:K – Free Report ) by 4.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,742 shares of the company’s stock after selling 666 shares during the period.
Bokf Na’s holdings in Kellanova were worth $793,000 as of its most recent SEC filing. Several other institutional investors have also recently modified their holdings of K. Blue Trust Inc.
lifted its holdings in Kellanova by 57.2% in the 2nd quarter. Blue Trust Inc.
now owns 467 shares of the company’s stock valued at $27,000 after purchasing an additional 170 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Kellanova during the second quarter valued at approximately $29,000.
BNP Paribas acquired a new stake in Kellanova during the first quarter worth approximately $30,000. Motco grew its stake in Kellanova by 757.6% in the 4th quarter.
Motco now owns 566 shares of the company’s stock worth $32,000 after acquiring an additional 500 shares during the period. Finally, Ridgewood Investments LLC acquired a new position in Kellanova in the 2nd quarter valued at $39,000. 83.
87% of the stock is currently owned by institutional investors and hedge funds. Kellanova Stock Performance Kellanova stock opened at $80.68 on Monday.
The firm has a market capitalization of $27.58 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.
57 and a beta of 0.39. Kellanova has a one year low of $47.
63 and a one year high of $80.97. The stock’s 50 day moving average price is $69.
97 and its 200 day moving average price is $62.14. The company has a debt-to-equity ratio of 1.
46, a quick ratio of 0.48 and a current ratio of 0.73.
Kellanova Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were issued a $0.57 dividend.
The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 2.
83%. This is an increase from Kellanova’s previous quarterly dividend of $0.56.
Kellanova’s dividend payout ratio is currently 85.39%. Insider Buying and Selling at Kellanova In related news, major shareholder Kellogg W.
K. Foundation Trust sold 77,800 shares of Kellanova stock in a transaction on Friday, June 28th. The shares were sold at an average price of $57.
64, for a total value of $4,484,392.00. Following the completion of the sale, the insider now owns 51,219,838 shares in the company, valued at $2,952,311,462.
32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . In other news, major shareholder Kellogg W.
K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $80.
25, for a total value of $9,195,285.75. Following the completion of the transaction, the insider now owns 50,482,855 shares in the company, valued at approximately $4,051,249,113.
75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, major shareholder Kellogg W.
K. Foundation Trust sold 77,800 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $57.
64, for a total value of $4,484,392.00. Following the completion of the sale, the insider now owns 51,219,838 shares of the company’s stock, valued at $2,952,311,462.
32. The disclosure for this sale can be found here . Insiders sold a total of 892,583 shares of company stock worth $60,355,010 in the last 90 days.
1.80% of the stock is owned by corporate insiders. Analyst Ratings Changes A number of brokerages have recently commented on K.
The Goldman Sachs Group assumed coverage on Kellanova in a research report on Monday, August 12th. They issued a “neutral” rating and a $75.00 price objective for the company.
BNP Paribas raised shares of Kellanova from a “neutral” rating to an “outperform” rating and set a $74.00 target price on the stock in a research report on Monday, August 5th. Evercore ISI raised shares of Kellanova to a “hold” rating in a research report on Friday, August 2nd.
Wells Fargo & Company lifted their price target on shares of Kellanova from $76.00 to $83.50 and gave the company an “equal weight” rating in a report on Thursday, August 15th.
Finally, DA Davidson downgraded Kellanova from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $80.00 to $83.50 in a report on Monday, August 26th.
Fourteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.
32. Check Out Our Latest Research Report on Kellanova Kellanova Company Profile ( Free Report ) 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.
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