Kellanova (NYSE:K) Shares Sold by Culbertson A N & Co. Inc.

Culbertson A N & Co. Inc. lessened its holdings in Kellanova (NYSE:K) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,372 shares of the company’s stock after selling 1,799 shares during the quarter. Culbertson A N & Co. Inc.’s holdings in Kellanova were worth $678,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. J2 Capital Management Inc acquired a new position in Kellanova in the fourth quarter valued at approximately $574,000. Aaron Wealth Advisors LLC lifted its holdings in shares of Kellanova by 2.7% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,413 shares of the company’s stock worth $600,000 after purchasing an additional 194 shares during the last quarter. HB Wealth Management LLC boosted its position in Kellanova by 13.1% during the 4th quarter. HB Wealth Management LLC now owns 6,743 shares of the company’s stock valued at $546,000 after purchasing an additional 782 shares during the period. Brooklyn Investment Group grew its stake in Kellanova by 26.6% during the 4th quarter. Brooklyn Investment Group now owns 1,677 shares of the company’s stock worth $136,000 after buying an additional 352 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in Kellanova by 29.8% in the fourth quarter. Merit Financial Group LLC now owns 4,952 shares of the company’s stock worth $401,000 after buying an additional 1,138 shares during the period. Institutional investors own 83.87% of the company’s stock.

Insider Transactions at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $80.99, for a total transaction of $9,280,077.17. Following the sale, the insider now owns 49,337,025 shares in the company, valued at $3,995,805,654.75. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 916,664 shares of company stock valued at $74,232,597 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on K shares. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target for the company. in a report on Friday, November 1st. StockNews.com started coverage on shares of Kellanova in a research note on Wednesday, January 15th. They set a “hold” rating for the company. Finally, Argus lowered shares of Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Fifteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $76.35.

Kellanova Stock Up 0.2 %

K opened at $81.73 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The company has a market capitalization of $28.17 billion, a PE ratio of 28.09, a P/E/G ratio of 2.50 and a beta of 0.37. The stock’s fifty day moving average is $80.95 and its 200-day moving average is $76.68. Kellanova has a one year low of $52.46 and a one year high of $81.79.

Kellanova (NYSE:K) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. Kellanova’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. On average, equities analysts predict that Kellanova will post 3.75 EPS for the current fiscal year.

Kellanova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, December 2nd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.79%. Kellanova’s dividend payout ratio (DPR) is presently 78.35%.

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.