Caisse Des Depots ET Consignations Takes Position in Kellanova (NYSE:K)

Caisse Des Depots ET Consignations acquired a new position in shares of Kellanova (NYSE:K) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,542 shares of the company’s stock, valued at approximately $1,744,000.

A number of other institutional investors have also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new stake in Kellanova in the fourth quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in Kellanova in the fourth quarter worth $28,000. Rialto Wealth Management LLC acquired a new position in Kellanova during the fourth quarter worth $32,000. Flagship Wealth Advisors LLC bought a new position in Kellanova during the fourth quarter valued at about $32,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Kellanova by 64.8% in the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock worth $36,000 after buying an additional 173 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Kellanova Trading Up 0.0 %

Shares of K stock opened at $82.47 on Friday. The firm has a market capitalization of $28.47 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. Kellanova has a 1 year low of $55.01 and a 1 year high of $83.22. The firm’s fifty day simple moving average is $82.22 and its 200 day simple moving average is $81.31. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Monday, March 3rd. Kellanova’s dividend payout ratio is presently 58.91%.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $80.85, for a total value of $9,264,035.55. Following the sale, the insider now directly owns 48,764,110 shares in the company, valued at $3,942,578,293.50. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 1,260,413 shares of company stock worth $103,290,845. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on K. StockNews.com initiated coverage on Kellanova in a report on Friday. They set a “hold” rating on the stock. Royal Bank of Canada downgraded Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.