Kellanova (NYSE:K) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise reduced its position in shares of Kellanova (NYSE:K) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 64,773 shares of the company’s stock after selling 1,527 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Kellanova were worth $5,227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in Kellanova by 2.6% in the first quarter. Sei Investments Co. now owns 79,195 shares of the company’s stock valued at $4,537,000 after purchasing an additional 1,984 shares during the period. Blair William & Co. IL lifted its position in Kellanova by 12.9% in the first quarter. Blair William & Co. IL now owns 30,175 shares of the company’s stock valued at $1,729,000 after buying an additional 3,441 shares during the last quarter. Edgestream Partners L.P. boosted its stake in Kellanova by 23.2% during the first quarter. Edgestream Partners L.P. now owns 22,751 shares of the company’s stock worth $1,303,000 after buying an additional 4,280 shares during the period. Clearbridge Investments LLC increased its position in shares of Kellanova by 3.0% during the first quarter. Clearbridge Investments LLC now owns 651,836 shares of the company’s stock valued at $37,344,000 after acquiring an additional 19,170 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Kellanova by 4.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 256,520 shares of the company’s stock valued at $14,705,000 after acquiring an additional 10,676 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on K shares. Royal Bank of Canada cut shares of Kellanova from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $76.00 to $83.50 in a research report on Thursday, August 15th. The Goldman Sachs Group started coverage on Kellanova in a research report on Monday, August 12th. They set a “neutral” rating and a $75.00 price target for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Kellanova from $76.00 to $83.50 and gave the company a “hold” rating in a report on Thursday, August 15th. StockNews.com initiated coverage on Kellanova in a report on Tuesday, November 12th. They set a “hold” rating for the company. Finally, DA Davidson lowered shares of Kellanova from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $80.00 to $83.50 in a research note on Monday, August 26th. Fifteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $76.35.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $80.32, for a total value of $6,248,896.00. Following the completion of the sale, the insider now directly owns 50,675,238 shares of the company’s stock, valued at approximately $4,070,235,116.16. The trade was a 0.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 1,072,264 shares of company stock valued at $86,452,375 over the last three months. 1.80% of the stock is owned by corporate insiders.

Kellanova Trading Up 0.0 %

Shares of NYSE:K opened at $80.60 on Tuesday. The company has a market cap of $27.78 billion, a PE ratio of 27.70, a P/E/G ratio of 2.59 and a beta of 0.39. The company’s 50 day moving average is $80.72 and its two-hundred day moving average is $70.15. Kellanova has a 52 week low of $51.02 and a 52 week high of $81.34. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

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

Kellanova Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.83%. The ex-dividend date is Monday, December 2nd. Kellanova’s payout ratio is 78.35%.

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.