Kellanova (NYSE:K) Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp cut its holdings in Kellanova (NYSE:K) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,629 shares of the company’s stock after selling 200 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Kellanova were worth $294,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of K. Toronto Dominion Bank lifted its holdings in shares of Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock valued at $14,435,000 after purchasing an additional 8,686 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kellanova by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 373,792 shares of the company’s stock valued at $30,169,000 after acquiring an additional 24,067 shares during the last quarter. Wedmont Private Capital acquired a new stake in shares of Kellanova during the fourth quarter worth $384,000. Barclays PLC raised its holdings in shares of Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Kellanova in the 3rd quarter worth about $4,211,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions 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 that occurred on Friday, February 28th. The stock was sold at an average price of $82.70, for a total value of $9,476,014.10. Following the transaction, the insider now directly owns 47,847,446 shares of the company’s stock, valued at approximately $3,956,983,784.20. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 1,145,830 shares of company stock valued at $93,461,916. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on K shares. StockNews.com initiated coverage on shares of Kellanova in a research note on Tuesday. They set a “hold” rating on the stock. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price for the company in a research note on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kellanova presently has a consensus rating of “Hold” and an average price target of $77.96.

Kellanova Stock Performance

Shares of NYSE:K opened at $82.37 on Thursday. The firm’s 50 day simple moving average is $81.87 and its 200 day simple moving average is $81.10. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $83.22. 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 company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 4.21 and a beta of 0.37.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (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%. As a group, sell-side analysts forecast that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Monday, March 3rd. Kellanova’s dividend payout ratio is 58.91%.

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.