Sage Capital Advisors llc Lowers Holdings in Kellanova (NYSE:K)

Sage Capital Advisors llc lowered its position in shares of Kellanova (NYSE:K) by 33.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,143 shares of the company’s stock after selling 5,000 shares during the quarter. Sage Capital Advisors llc’s holdings in Kellanova were worth $821,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in K. CVA Family Office LLC increased its holdings in shares of Kellanova by 529.3% in the 3rd quarter. CVA Family Office LLC now owns 365 shares of the company’s stock valued at $29,000 after purchasing an additional 307 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Kellanova by 61.9% in the second quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $30,000 after buying an additional 200 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after acquiring an additional 137 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after acquiring an additional 158 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Kellanova by 71.3% in the 3rd quarter. Mather Group LLC. now owns 615 shares of the company’s stock worth $50,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on K. Argus cut shares of Kellanova from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Friday, November 1st. Finally, StockNews.com started coverage on Kellanova in a report on Tuesday. They issued a “hold” rating for the company. Fifteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $76.35.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $81.28, for a total value of $9,313,306.24. Following the completion of the transaction, the insider now owns 48,649,527 shares in the company, valued at $3,954,233,554.56. This represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 1,031,247 shares of company stock valued at $83,418,716 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Kellanova Stock Performance

NYSE:K traded down $0.12 during trading hours on Friday, reaching $81.42. 745,714 shares of the stock were exchanged, compared to its average volume of 1,737,256. Kellanova has a 52 week low of $52.46 and a 52 week high of $81.58. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $28.07 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.59 and a beta of 0.37. The firm has a 50 day simple moving average of $80.87 and a 200-day simple moving average of $75.54.

Kellanova (NYSE:K) last posted its quarterly 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. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same period in the previous year, the business posted $1.03 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Kellanova will post 3.74 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.57 dividend. The ex-dividend date was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 2.80%. Kellanova’s dividend payout ratio is presently 78.35%.

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.