1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC decreased its position in Kellanova ( NYSE:K – Free Report ) by 19.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,192 shares of the company’s stock after selling 1,495 shares during the period.
Orion Portfolio Solutions LLC’s holdings in Kellanova were worth $501,000 as of its most recent SEC filing. Other institutional investors have also bought and sold shares of the company. Independent Advisor Alliance increased its stake in shares of Kellanova by 16.
5% in the fourth quarter. Independent Advisor Alliance now owns 7,203 shares of the company’s stock worth $583,000 after purchasing an additional 1,019 shares in the last quarter. Toronto Dominion Bank grew its stake in Kellanova by 5.
1% in the 3rd 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 in the last quarter. Wedmont Private Capital purchased a new position in Kellanova in the 4th quarter valued at approximately $384,000.
Barclays PLC raised its holdings in Kellanova by 134.7% during the 3rd 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 period.
Finally, Alpine Associates Management Inc. lifted its position in shares of Kellanova by 93.5% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 83.
87% of the company’s stock. Wall Street Analyst Weigh In A number of research firms recently issued reports on K. StockNews.
com started coverage on Kellanova in a research note on Saturday. They set a “hold” rating on the stock. Royal Bank of Canada downgraded shares of Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th.
Fourteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.96.
Insiders Place Their Bets In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Monday, April 7th.
The stock was sold at an average price of $82.03, for a total transaction of $9,399,243.49.
Following the completion of the sale, the insider now directly owns 47,274,531 shares in the company, valued at $3,877,929,777.93. This represents a 0.
24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link . Over the last ninety days, insiders have sold 1,260,413 shares of company stock valued at $103,558,970.
1.80% of the stock is currently owned by corporate insiders. Kellanova Stock Performance Kellanova stock opened at $81.
76 on Tuesday. Kellanova has a fifty-two week low of $55.01 and a fifty-two week high of $83.
22. The firm’s fifty day moving average price is $82.30 and its 200-day moving average price is $81.
41. The stock has a market cap of $28.22 billion, a P/E ratio of 21.
13, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34.
The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.
81. Kellanova ( NYSE:K – Get Free Report ) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.
92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.61.
Kellanova had a return on equity of 37.25% and a net margin of 10.53%.
On average, equities research analysts expect that Kellanova will post 3.93 earnings per share for the current fiscal year. Kellanova Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.
28 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, March 3rd.
Kellanova’s payout ratio is currently 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. Read More Want to see what other hedge funds are holding K? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kellanova ( NYSE:K – Free Report ).
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