Kellanova (NYSE:K) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Kellanova (NYSE:K) by 13.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,483 shares of the company’s stock after acquiring an additional 7,273 shares during the period. Natixis Advisors LLC’s holdings in Kellanova were worth $4,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of K. Stonebridge Financial Group LLC acquired a new stake in Kellanova in the fourth quarter valued at $27,000. BankPlus Trust Department acquired a new stake in Kellanova in the fourth quarter valued at $28,000. Rialto Wealth Management LLC acquired a new stake in Kellanova in the fourth quarter valued at $32,000. First Horizon Advisors Inc. grew its holdings in Kellanova by 64.8% in the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock valued at $36,000 after purchasing an additional 173 shares during the last quarter. Finally, Sherman Asset Management Inc. acquired a new stake in Kellanova in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 83.87% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on K. Royal Bank of Canada downgraded Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. StockNews.com began coverage on Kellanova in a research report on Thursday. They issued a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Kellanova has a consensus rating of “Hold” and a consensus price target of $77.96.

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated 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 transaction, the insider now directly owns 48,764,110 shares of the company’s stock, valued at $3,942,578,293.50. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 1,374,996 shares of company stock valued at $112,530,818 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Kellanova Stock Performance

NYSE K opened at $82.40 on Friday. The business’s 50-day moving average price is $82.14 and its 200 day moving average price is $81.25. Kellanova has a twelve month low of $55.01 and a twelve month high of $83.22. The company has a market capitalization of $28.44 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. 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 released its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova’s dividend payout ratio is currently 58.91%.

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.