3,901 Shares in Kellanova (NYSE:K) Acquired by Savant Capital LLC

Savant Capital LLC acquired a new stake in Kellanova (NYSE:K) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,901 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors have also recently bought and sold shares of K. Oakworth Capital Inc. boosted its stake in Kellanova by 491.3% during the 3rd quarter. Oakworth Capital Inc. now owns 473 shares of the company’s stock worth $28,000 after acquiring an additional 393 shares during the last quarter. Baker Avenue Asset Management LP raised its holdings in Kellanova by 205.4% in the third quarter. Baker Avenue Asset Management LP now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 341 shares during the period. Blue Trust Inc. boosted its position in shares of Kellanova by 55.1% during the fourth quarter. Blue Trust Inc. now owns 580 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Kellanova by 339.9% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,201 shares of the company’s stock valued at $67,000 after buying an additional 928 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of Kellanova by 1,450.0% in the 3rd quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,550 shares of the company’s stock valued at $92,000 after buying an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Kellanova Trading Up 2.7 %

Shares of Kellanova stock opened at $61.64 on Wednesday. The stock has a market cap of $21.07 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.32 and a beta of 0.39. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.34. Kellanova has a 12-month low of $47.63 and a 12-month high of $71.53. The business’s 50 day moving average is $56.42 and its 200-day moving average is $54.80.

Kellanova (NYSE:K) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Kellanova had a net margin of 6.41% and a return on equity of 37.07%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. Equities research analysts predict that Kellanova will post 3.58 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a $0.56 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.24 annualized dividend and a yield of 3.63%. Kellanova’s dividend payout ratio is 83.90%.

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of Kellanova stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $53.67, for a total value of $4,175,526.00. Following the completion of the sale, the insider now directly owns 52,620,238 shares in the company, valued at $2,824,128,173.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $53.67, for a total value of $4,175,526.00. Following the completion of the transaction, the insider now owns 52,620,238 shares of the company’s stock, valued at $2,824,128,173.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Nicolas Amaya sold 9,800 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $60.05, for a total transaction of $588,490.00. Following the sale, the senior vice president now owns 26,191 shares in the company, valued at $1,572,769.55. The disclosure for this sale can be found here. Insiders sold a total of 1,021,200 shares of company stock valued at $57,219,110 over the last three months. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. TD Cowen boosted their target price on Kellanova from $57.00 to $62.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Wells Fargo & Company raised their target price on shares of Kellanova from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Citigroup started coverage on shares of Kellanova in a report on Thursday, February 1st. They issued a “neutral” rating and a $57.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Kellanova from $59.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, Barclays upped their target price on shares of Kellanova from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Monday. Twelve research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Kellanova presently has an average rating of “Hold” and a consensus target price of $61.46.

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.