Coldstream Capital Management Inc. Has $593,000 Holdings in Kellanova $K

Coldstream Capital Management Inc. increased its position in shares of Kellanova (NYSE:K) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,455 shares of the company’s stock after purchasing an additional 1,325 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Kellanova were worth $593,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Independent Advisor Alliance raised its position in shares of Kellanova by 1.8% in the 1st quarter. Independent Advisor Alliance now owns 7,334 shares of the company’s stock valued at $605,000 after buying an additional 131 shares in the last quarter. Cigna Investments Inc. New increased its stake in Kellanova by 5.3% in the second quarter. Cigna Investments Inc. New now owns 2,797 shares of the company’s stock valued at $222,000 after acquiring an additional 141 shares during the last quarter. Ethic Inc. raised its position in Kellanova by 0.9% during the second quarter. Ethic Inc. now owns 17,216 shares of the company’s stock valued at $1,360,000 after purchasing an additional 150 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Kellanova by 32.7% during the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock worth $57,000 after purchasing an additional 177 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Kellanova by 6.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,288 shares of the company’s stock valued at $271,000 after purchasing an additional 185 shares in the last quarter. 83.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

K has been the subject of a number of research analyst reports. Wall Street Zen raised Kellanova from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. started coverage on Kellanova in a research note on Wednesday, August 20th. They set a “neutral” rating and a $83.50 target price for the company. Finally, Weiss Ratings cut shares of Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.50.

Kellanova Stock Up 0.2%

Shares of NYSE K opened at $83.64 on Thursday. The company has a market capitalization of $29.10 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 5.16 and a beta of 0.23. The company’s 50 day moving average price is $82.25 and its 200-day moving average price is $80.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.45 and a current ratio of 0.68. Kellanova has a 52-week low of $76.48 and a 52-week high of $83.65.

Kellanova (NYSE:K) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Kellanova had a net margin of 10.56% and a return on equity of 32.54%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 earnings per share. Equities analysts forecast that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.58 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.32 annualized dividend and a yield of 2.8%. Kellanova’s dividend payout ratio is presently 63.74%.

Kellanova Company 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.