WINTON GROUP Ltd Lowers Stock Position in Kellanova (NYSE:K)

WINTON GROUP Ltd reduced its stake in shares of Kellanova (NYSE:K) by 1.8% in the fourth quarter, Holdings Channel reports. The fund owned 221,833 shares of the company’s stock after selling 4,137 shares during the quarter. Kellanova accounts for about 1.2% of WINTON GROUP Ltd’s portfolio, making the stock its 7th largest position. WINTON GROUP Ltd’s holdings in Kellanova were worth $17,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of K. Stonebridge Financial Group LLC purchased a new stake in Kellanova during the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of Kellanova in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Kellanova during the 4th quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new position in Kellanova in the 4th quarter worth approximately $32,000. Finally, First Horizon Advisors Inc. grew its stake in Kellanova by 64.8% in the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock valued at $36,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Wall Street Analysts Forecast Growth

K has been the subject of a number of analyst reports. Royal Bank of Canada lowered Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th. StockNews.com began coverage on Kellanova in a research note on Thursday, March 20th. They issued a “hold” rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $77.96.

Insider Transactions at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $81.28, for a total value of $9,313,306.24. Following the transaction, the insider now owns 48,649,527 shares in the company, valued at approximately $3,954,233,554.56. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,260,413 shares of company stock worth $103,290,845. 1.80% of the stock is currently owned by corporate insiders.

Kellanova Stock Up 0.1 %

K stock opened at $82.45 on Thursday. Kellanova has a 1-year low of $55.01 and a 1-year high of $83.22. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth 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 company’s 50 day moving average is $82.21 and its 200 day moving average is $81.30.

Kellanova (NYSE:K) last issued its quarterly 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 net margin of 10.53% and a return on equity of 37.25%. Sell-side analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

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