Kellanova (NYSE:K) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its position in shares of Kellanova (NYSE:K) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,291 shares of the company’s stock after buying an additional 580 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kellanova were worth $833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in K. Stonebridge Financial Group LLC purchased a new position in shares of Kellanova during the 4th quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in Kellanova during the 4th quarter worth $28,000. Rialto Wealth Management LLC acquired a new stake in Kellanova during the 4th quarter worth $32,000. First Horizon Advisors Inc. raised its stake in Kellanova by 64.8% during the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock worth $36,000 after acquiring an additional 173 shares in the last quarter. Finally, Sherman Asset Management Inc. acquired a new stake in Kellanova during the 4th quarter worth $43,000. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $80.85, for a total transaction of $9,264,035.55. Following the sale, the insider now owns 48,764,110 shares of the company’s stock, valued at approximately $3,942,578,293.50. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 1,260,413 shares of company stock valued at $103,099,492. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on K shares. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target on the stock in a research note on Tuesday, February 18th. StockNews.com started coverage on shares of Kellanova in a research note on Wednesday, March 12th. They issued a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $77.96.

Kellanova Stock Down 0.1 %

Shares of NYSE:K opened at $82.22 on Monday. The company has a market cap of $28.38 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 4.21 and a beta of 0.31. The firm’s 50-day simple moving average is $82.05 and its 200-day simple moving average is $81.19. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. Kellanova has a fifty-two week low of $52.53 and a fifty-two week high of $83.22.

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%. As a group, equities research analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova’s dividend payout ratio is currently 58.91%.

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.