Kellanova (NYSE:K) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its position in Kellanova (NYSE:K) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,703 shares of the company’s stock after acquiring an additional 382 shares during the quarter. V Square Quantitative Management LLC’s holdings in Kellanova were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bfsg LLC increased its stake in shares of Kellanova by 64.5% in the first quarter. Bfsg LLC now owns 510 shares of the company’s stock valued at $29,000 after purchasing an additional 200 shares during the period. BNP Paribas acquired a new position in shares of Kellanova during the first quarter valued at $30,000. Motco raised its stake in shares of Kellanova by 757.6% during the fourth quarter. Motco now owns 566 shares of the company’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Kellanova by 139.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 736 shares of the company’s stock worth $41,000 after purchasing an additional 428 shares during the period. Finally, YHB Investment Advisors Inc. bought a new position in Kellanova in the 1st quarter valued at about $42,000. 83.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

K has been the subject of a number of research analyst reports. TD Cowen upped their price target on shares of Kellanova from $57.00 to $62.00 and gave the stock a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada lowered Kellanova from an “outperform” rating to a “sector perform” rating in a report on Thursday. The Goldman Sachs Group started coverage on shares of Kellanova in a research report on Monday. They issued a “neutral” rating and a $75.00 price target on the stock. BNP Paribas upgraded shares of Kellanova from a “neutral” rating to an “outperform” rating and set a $74.00 target price on the stock in a report on Monday, August 5th. Finally, Stifel Nicolaus lifted their price target on shares of Kellanova from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday. Thirteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $68.36.

Kellanova Trading Down 0.0 %

Shares of NYSE K opened at $80.24 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.41 and a debt-to-equity ratio of 1.46. Kellanova has a one year low of $47.63 and a one year high of $80.46. The business has a 50-day moving average price of $60.60 and a two-hundred day moving average price of $58.39. The firm has a market capitalization of $27.43 billion, a PE ratio of 30.04, a PEG ratio of 2.22 and a beta of 0.34.

Kellanova (NYSE:K) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.90 by $0.11. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Kellanova had a net margin of 6.72% and a return on equity of 36.74%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. As a group, analysts predict that Kellanova will post 3.68 earnings per share for the current fiscal year.

Kellanova Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd will be paid a $0.57 dividend. The ex-dividend date is Tuesday, September 3rd. This is an increase from Kellanova’s previous quarterly dividend of $0.56. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.84%. Kellanova’s dividend payout ratio is 85.39%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $60.16, for a total value of $4,680,448.00. Following the transaction, the insider now directly owns 51,531,038 shares of the company’s stock, valued at approximately $3,100,107,246.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 855,800 shares of company stock worth $52,647,260. Corporate insiders own 1.80% of the company’s stock.

Kellanova 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.