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

Vanguard Group Inc. grew its stake in Kellanova (NYSE:K) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,435,744 shares of the company’s stock after purchasing an additional 281,137 shares during the period. Vanguard Group Inc. owned approximately 9.41% of Kellanova worth $2,626,322,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its stake in shares of Kellanova by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company’s stock worth $1,870,000 after buying an additional 130 shares in the last quarter. Quent Capital LLC raised its position in Kellanova by 20.2% in the fourth quarter. Quent Capital LLC now owns 833 shares of the company’s stock worth $67,000 after acquiring an additional 140 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Kellanova by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock valued at $690,000 after acquiring an additional 145 shares during the period. SPC Financial Inc. boosted its position in shares of Kellanova by 5.7% during the 4th quarter. SPC Financial Inc. now owns 2,976 shares of the company’s stock worth $241,000 after purchasing an additional 160 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Kellanova by 0.7% during the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock worth $1,820,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on K shares. Royal Bank of Canada downgraded shares of Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th. StockNews.com assumed coverage on Kellanova in a report on Thursday, March 20th. They issued 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 company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.96.

Kellanova Trading Down 0.1 %

Shares of K stock opened at $82.38 on Wednesday. The company has a market capitalization of $28.44 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 4.21 and a beta of 0.31. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The firm has a 50-day moving average price of $82.18 and a 200 day moving average price of $81.29. Kellanova has a twelve month low of $55.01 and a twelve month high of $83.22.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. Research analysts forecast that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova’s dividend payout ratio (DPR) is 58.91%.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Friday, February 28th. The shares were sold at an average price of $82.70, for a total value of $9,476,014.10. Following the transaction, the insider now owns 47,847,446 shares in the company, valued at $3,956,983,784.20. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 1,260,413 shares of company stock worth $103,290,845. 1.80% of the stock is currently owned by insiders.

Kellanova 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.