Kellanova (NYSE:K) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in Kellanova (NYSE:K) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,401 shares of the company’s stock after acquiring an additional 5,273 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Kellanova were worth $6,417,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Westchester Capital Management LLC acquired a new position in shares of Kellanova in the 3rd quarter worth approximately $107,795,000. Barclays PLC grew its stake in shares of Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after buying an additional 1,033,383 shares in the last quarter. State Street Corp boosted its holdings in Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company’s stock valued at $1,188,489,000 after acquiring an additional 731,273 shares during the period. Ilex Capital Partners UK LLP increased its stake in Kellanova by 63.8% during the third quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after purchasing an additional 632,510 shares during the period. Finally, Syquant Capital Sas acquired a new position in shares of Kellanova in the fourth quarter valued at approximately $29,595,000. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Kellanova Stock Down 0.1 %

K opened at $82.22 on Friday. The stock has a market capitalization of $28.38 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. Kellanova has a one year low of $52.53 and a one year high of $83.22. The business’s 50-day simple moving average is $82.05 and its 200-day simple moving average is $81.19.

Kellanova (NYSE:K) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS 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%. Analysts anticipate that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova’s dividend payout ratio (DPR) is 58.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com started coverage on Kellanova in a report on Wednesday. They set a “hold” rating on the stock. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target for the company in a research note on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $77.96.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred 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 transaction, the insider now directly owns 48,764,110 shares in the company, valued at approximately $3,942,578,293.50. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 1,260,413 shares of company stock worth $103,099,492 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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.