Kellanova (NYSE:K) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its stake in shares of Kellanova (NYSE:K) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,200 shares of the company’s stock after acquiring an additional 1,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Kellanova were worth $8,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its position in Kellanova by 7,849.5% during the 3rd quarter. International Assets Investment Management LLC now owns 86,729 shares of the company’s stock worth $7,000,000 after purchasing an additional 85,638 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Kellanova by 2.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,934 shares of the company’s stock worth $1,367,000 after purchasing an additional 457 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Kellanova by 1.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the company’s stock worth $1,219,000 after purchasing an additional 200 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Kellanova by 28.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,118 shares of the company’s stock worth $1,867,000 after purchasing an additional 5,064 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Kellanova by 9.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,919 shares of the company’s stock worth $1,204,000 after purchasing an additional 1,249 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Stock Up 0.5 %

K stock opened at $82.90 on Friday. The company has a market cap of $28.62 billion, a P/E ratio of 21.42, a P/E/G ratio of 4.21 and a beta of 0.37. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.94. The company’s 50-day moving average price is $81.77 and its 200 day moving average price is $80.96. 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 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 net margin of 10.53% and a return on equity of 37.25%. On average, research analysts expect that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, March 3rd. Kellanova’s dividend payout ratio is currently 58.91%.

Analyst Ratings Changes

Several brokerages have issued reports on K. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Friday, November 1st. StockNews.com started coverage on shares of Kellanova in a research report on Monday, February 24th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada raised shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price on the stock in a report on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Kellanova has a consensus rating of “Hold” and an average target price of $77.96.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $80.64, for a total transaction of $9,239,973.12. Following the completion of the transaction, the insider now owns 48,878,693 shares in the company, valued at approximately $3,941,577,803.52. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 1,145,830 shares of company stock worth $93,461,916. Insiders own 1.80% of the company’s stock.

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.