Kellanova (NYSE:K) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in shares of Kellanova (NYSE:K) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,557 shares of the company’s stock after selling 12,600 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Kellanova worth $16,239,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Toronto Dominion Bank boosted its stake in Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock valued at $14,435,000 after acquiring an additional 8,686 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Kellanova by 6.9% in the 3rd quarter. Principal Financial Group Inc. now owns 373,792 shares of the company’s stock valued at $30,169,000 after purchasing an additional 24,067 shares during the period. Wedmont Private Capital purchased a new position in Kellanova during the 4th quarter worth approximately $384,000. Barclays PLC increased its position in Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after buying an additional 1,033,383 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Kellanova in the third quarter valued at approximately $4,211,000. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on K shares. 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. BNP Paribas lowered shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Friday, November 1st. Finally, StockNews.com assumed coverage on shares of Kellanova in a research note on Monday. They set a “hold” rating for the company. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.96.

Insider Buying and Selling

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $80.70, for a total value of $9,246,848.10. Following the completion of the transaction, the insider now owns 49,107,859 shares in the company, valued at $3,963,004,221.30. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 1,145,830 shares of company stock valued at $93,291,187. Corporate insiders own 1.80% of the company’s stock.

Kellanova Stock Performance

Shares of K stock opened at $82.63 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The stock has a 50 day simple moving average of $81.55 and a 200-day simple moving average of $80.76. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 4.21 and a beta of 0.37. Kellanova has a 12-month low of $52.46 and a 12-month high of $82.72.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (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%. On average, equities analysts forecast that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

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 paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.76%. Kellanova’s dividend payout ratio (DPR) is 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.