Kintegral Advisory LLC Has $6.87 Million Position in Kellanova (NYSE:K)

Kintegral Advisory LLC lessened its stake in Kellanova (NYSE:K) by 4.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 84,852 shares of the company’s stock after selling 3,952 shares during the quarter. Kintegral Advisory LLC’s holdings in Kellanova were worth $6,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. RPS Advisory Solutions LLC bought a new stake in shares of Kellanova in the fourth quarter worth $397,000. Wolverine Asset Management LLC grew its stake in shares of Kellanova by 66.6% in the fourth quarter. Wolverine Asset Management LLC now owns 37,476 shares of the company’s stock valued at $3,034,000 after acquiring an additional 14,982 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Kellanova by 62.5% in the fourth quarter. Alberta Investment Management Corp now owns 130,000 shares of the company’s stock valued at $10,526,000 after acquiring an additional 50,000 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Kellanova by 14.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,107 shares of the company’s stock valued at $737,000 after acquiring an additional 1,164 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in Kellanova by 16.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,985 shares of the company’s stock worth $647,000 after buying an additional 1,114 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $82.25, for a total value of $9,424,451.75. Following the sale, the insider now directly owns 48,076,612 shares in the company, valued at approximately $3,954,301,337. The trade was a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,145,830 shares of company stock worth $93,291,187 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

K has been the topic of a number of research analyst reports. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research note on Friday, November 1st. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target for the company in a report on Tuesday. Finally, StockNews.com assumed coverage on shares of Kellanova in a research report on Sunday, February 16th. They set a “hold” rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $77.96.

Kellanova Trading Up 0.2 %

NYSE K opened at $82.63 on Friday. The stock has a market capitalization of $28.48 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 4.21 and a beta of 0.37. Kellanova has a one year low of $52.46 and a one year high of $82.72. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. The business’s fifty day moving average is $81.51 and its 200-day moving average is $80.64.

Kellanova (NYSE:K) last released its earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Equities research analysts predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.76%. Kellanova’s payout ratio is 58.91%.

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.