O Shaughnessy Asset Management LLC Grows Holdings in Kellanova (NYSE:K)

O Shaughnessy Asset Management LLC raised its position in Kellanova (NYSE:K) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,389 shares of the company’s stock after buying an additional 1,153 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Kellanova were worth $1,732,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in Kellanova by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company’s stock worth $1,870,000 after buying an additional 130 shares during the last quarter. Quent Capital LLC grew its position in shares of Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company’s stock valued at $67,000 after acquiring an additional 140 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Kellanova by 1.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock worth $690,000 after purchasing an additional 145 shares during the period. SPC Financial Inc. raised its holdings in shares of Kellanova by 5.7% in the 4th quarter. SPC Financial Inc. now owns 2,976 shares of the company’s stock worth $241,000 after purchasing an additional 160 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in Kellanova by 0.7% in the fourth quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock valued at $1,820,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com initiated coverage on Kellanova in a research note on Saturday. They issued a “hold” rating on the stock. Royal Bank of Canada cut Kellanova from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 14th. Fourteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $77.96.

Kellanova Trading Down 0.4 %

Kellanova stock opened at $82.25 on Friday. 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 fifty-two week low of $55.01 and a fifty-two week high of $83.22. The stock has a market cap of $28.39 billion, a P/E ratio of 21.25, a PEG ratio of 4.21 and a beta of 0.31. The firm’s fifty day moving average price is $82.31 and its 200-day moving average price is $81.39.

Kellanova (NYSE:K) last announced its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Equities research analysts forecast that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

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

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $81.28, for a total value of $9,313,306.24. Following the completion of the sale, the insider now owns 48,649,527 shares of the company’s stock, valued at $3,954,233,554.56. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,260,413 shares of company stock valued at $103,473,032 in the last quarter. 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.