IMPACTfolio LLC Sells 127 Shares of Kellanova (NYSE:K)

IMPACTfolio LLC cut its holdings in Kellanova (NYSE:K) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,787 shares of the company’s stock after selling 127 shares during the period. IMPACTfolio LLC’s holdings in Kellanova were worth $226,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its position in Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company’s stock valued at $1,188,489,000 after purchasing an additional 731,273 shares during the period. Geode Capital Management LLC raised its stake in Kellanova by 3.0% in the third quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after buying an additional 196,564 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Kellanova by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 2,616,312 shares of the company’s stock worth $150,909,000 after buying an additional 277,171 shares in the last quarter. Yacktman Asset Management LP lifted its holdings in Kellanova by 0.5% in the second quarter. Yacktman Asset Management LP now owns 2,141,913 shares of the company’s stock worth $123,546,000 after buying an additional 10,510 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Kellanova by 766.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,881,625 shares of the company’s stock worth $108,532,000 after acquiring an additional 1,664,461 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Kellanova Stock Up 0.2 %

Kellanova stock traded up $0.13 during trading hours on Thursday, hitting $81.10. The stock had a trading volume of 956,196 shares, compared to its average volume of 2,899,227. The stock’s 50-day moving average price is $80.80 and its 200-day moving average price is $74.69. Kellanova has a 12-month low of $52.46 and a 12-month high of $81.34. 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 $27.96 billion, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38.

Kellanova (NYSE:K) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The company 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 earned $1.03 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Equities research analysts anticipate that Kellanova will post 3.74 EPS for the current fiscal year.

Kellanova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 2.81%. Kellanova’s payout ratio is 78.35%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $80.63, for a total transaction of $9,238,827.29. Following the completion of the sale, the insider now directly owns 49,909,940 shares in the company, valued at approximately $4,024,238,462.20. The trade was a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 1,031,247 shares of company stock worth $83,337,362. 1.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

K has been the subject of a number of research analyst reports. Argus cut Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a research report on Friday, November 1st. Finally, StockNews.com began coverage on shares of Kellanova in a research report on Monday. They issued a “hold” rating on the stock. Fifteen analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Kellanova currently has a consensus rating of “Hold” and a consensus target price of $76.35.

About Kellanova

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.