2 weeks Ago By Defense World Staff
Envestnet Portfolio Solutions Inc. purchased a new position in Kellanova (NYSE:K – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,226 shares of the company’s stock, valued at approximately $666,000.
Several other institutional investors have also recently added to or reduced their stakes in K. State Street Corp grew its position in shares of Kellanova by 5.2% in the 3rd 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. Geode Capital Management LLC boosted its holdings in Kellanova by 3.0% in the third quarter.
Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after purchasing an additional 196,564 shares during the period. Barclays PLC increased its stake 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 purchasing an additional 1,033,383 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Kellanova by 3.
1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,912 shares of the company’s stock worth $136,103,000 after purchasing an additional 50,303 shares during the period.
Finally, Ilex Capital Partners UK LLP lifted its position in shares of Kellanova by 63.8% in the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after buying an additional 632,510 shares during the last quarter.
83.87% of the stock is owned by institutional investors and hedge funds. Insider Activity at KellanovaIn other Kellanova news, major shareholder Kellogg W.
K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 48,764,110 shares of the company’s stock, valued at approximately $3,942,578,293.
50. This represents a 0.23 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 1,260,413 shares of company stock valued at $103,290,845 over the last 90 days. 1.
80% of the stock is currently owned by corporate insiders. Analyst Upgrades and DowngradesSeveral equities research analysts recently weighed in on the stock. StockNews.
com initiated coverage on shares of Kellanova in a research note on Thursday, March 20th. They set a “hold” rating on the stock. Royal Bank of Canada downgraded Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th.
Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.
96.Check Out Our Latest Report on KellanovaKellanova Stock PerformanceShares of K opened at $82.40 on Tuesday.
The firm has a market capitalization of $28.45 billion, a PE ratio of 21.29, a P/E/G ratio of 4.
21 and a beta of 0.31. The company has a quick ratio of 0.
56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.
The firm has a 50-day moving average price of $82.16 and a 200 day moving average price of $81.27.
Kellanova has a 52-week low of $55.01 and a 52-week high of $83.22.
Kellanova (NYSE:K – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating 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, sell-side analysts anticipate that Kellanova will post 3.
93 earnings per share for the current fiscal year. Kellanova Announces DividendThe company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.
57 dividend. 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 dividend payout ratio (DPR) is 58.
91%. Kellanova 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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