Kellanova (NYSE:K) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Kellanova (NYSE:K) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,435,744 shares of the company’s stock after purchasing an additional 281,137 shares during the period. Vanguard Group Inc. owned about 0.09% of Kellanova worth $2,626,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in Kellanova during the 4th quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Kellanova in the 4th quarter valued at about $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova during the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new stake in shares of Kellanova in the 4th quarter worth approximately $32,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Kellanova by 64.8% in the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock worth $36,000 after purchasing an additional 173 shares during the last quarter. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $82.31, for a total transaction of $9,431,326.73. Following the sale, the insider now owns 47,503,697 shares in the company, valued at approximately $3,910,029,300.07. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 1,260,413 shares of company stock valued at $103,290,845. Corporate insiders own 1.80% of the company’s stock.

Kellanova Stock Down 0.1 %

K opened at $82.38 on Wednesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The company has a market capitalization of $28.44 billion, a PE ratio of 21.29, a P/E/G ratio of 4.21 and a beta of 0.31. The stock’s fifty day moving average is $82.18 and its 200-day moving average is $81.29. Kellanova has a one year low of $55.01 and a one year high of $83.22.

Kellanova (NYSE:K) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping 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 analysts predict that Kellanova will post 3.93 EPS 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 $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova’s dividend payout ratio (DPR) is 58.91%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on K shares. Royal Bank of Canada cut shares of Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th. StockNews.com initiated coverage on Kellanova in a report on Thursday, March 20th. They set a “hold” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.96.

Kellanova Company Profile

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.