Koss Olinger Consulting LLC Has $207,000 Holdings in Kellanova $K

Koss Olinger Consulting LLC cut its position in Kellanova (NYSE:K) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,604 shares of the company’s stock after selling 666 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Kellanova were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Network Wealth Advisors LLC acquired a new position in Kellanova in the 1st quarter valued at $25,000. MorganRosel Wealth Management LLC acquired a new position in Kellanova in the 1st quarter valued at $27,000. Trust Co. of Toledo NA OH acquired a new position in Kellanova in the 2nd quarter valued at $45,000. Dagco Inc. acquired a new position in Kellanova in the 1st quarter valued at $49,000. Finally, Cypress Capital Management LLC WY acquired a new position in Kellanova in the 1st quarter valued at $54,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,599 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $79.55, for a total transaction of $9,116,350.45. Following the completion of the transaction, the insider directly owned 45,097,438 shares of the company’s stock, valued at approximately $3,587,501,192.90. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 343,765 shares of company stock worth $27,455,360. 1.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on K. Weiss Ratings downgraded shares of Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday. Wall Street Zen downgraded shares of Kellanova from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Finally, JPMorgan Chase & Co. began coverage on shares of Kellanova in a report on Wednesday, August 20th. They issued a “neutral” rating and a $83.50 price target for the company. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.38.

Kellanova Price Performance

NYSE:K opened at $83.10 on Tuesday. The company has a 50-day moving average of $80.59 and a 200-day moving average of $80.84. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 5.16 and a beta of 0.24. Kellanova has a 52 week low of $76.48 and a 52 week high of $83.22. 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 (NYSE:K) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.05). The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.19 billion. Kellanova had a return on equity of 32.54% and a net margin of 10.56%.Kellanova’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. As a group, equities research analysts anticipate that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Kellanova’s dividend payout ratio (DPR) is presently 60.89%.

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.