Vision Financial Markets LLC Takes Position in Kellanova (NYSE:K)

Vision Financial Markets LLC purchased a new stake in shares of Kellanova (NYSE:K) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,400 shares of the company’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors also recently modified their holdings of K. Arizona State Retirement System lifted its holdings in Kellanova by 2.2% in the fourth quarter. Arizona State Retirement System now owns 80,091 shares of the company’s stock worth $6,485,000 after purchasing an additional 1,732 shares during the period. Proficio Capital Partners LLC acquired a new stake in Kellanova in the fourth quarter worth about $9,919,000. SPC Financial Inc. lifted its holdings in Kellanova by 5.7% in the fourth quarter. SPC Financial Inc. now owns 2,976 shares of the company’s stock worth $241,000 after purchasing an additional 160 shares during the period. Assetmark Inc. lifted its holdings in Kellanova by 613.8% in the fourth quarter. Assetmark Inc. now owns 4,504 shares of the company’s stock worth $365,000 after purchasing an additional 3,873 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kellanova by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,912 shares of the company’s stock worth $136,103,000 after purchasing an additional 50,303 shares during the period. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $80.70, for a total value of $9,246,848.10. Following the completion of the sale, the insider now directly owns 49,107,859 shares of the company’s stock, valued at approximately $3,963,004,221.30. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 1,145,830 shares of company stock valued at $93,461,916 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

Kellanova Trading Up 0.0 %

NYSE:K opened at $82.37 on Thursday. The stock’s 50 day moving average price is $81.87 and its 200 day moving average price is $81.10. Kellanova has a 52 week low of $52.46 and a 52 week high of $83.22. The company has a market capitalization of $28.43 billion, a P/E ratio of 21.28, a P/E/G ratio of 4.21 and a beta of 0.37. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81.

Kellanova (NYSE:K) last released its quarterly earnings data 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 return on equity of 37.25% and a net margin of 10.53%. On average, research analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on K shares. Royal Bank of Canada raised shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a report on Tuesday, February 18th. StockNews.com started coverage on shares of Kellanova in a report on Tuesday. They issued a “hold” rating for the company. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $77.96.

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.