CWS Financial Advisors LLC Trims Stake in Kellanova (NYSE:K)

CWS Financial Advisors LLC lessened its holdings in shares of Kellanova (NYSE:K) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,968 shares of the company’s stock after selling 219 shares during the quarter. CWS Financial Advisors LLC’s holdings in Kellanova were worth $240,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in shares of Kellanova during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in shares of Kellanova during the 4th quarter worth $28,000. First Horizon Advisors Inc. lifted its stake in shares of 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 purchasing an additional 173 shares during the period. Capital Advisors Ltd. LLC lifted its stake in shares of Kellanova by 41.4% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 540 shares of the company’s stock worth $44,000 after purchasing an additional 158 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Kellanova Stock Up 0.1 %

Shares of NYSE K opened at $82.71 on Tuesday. Kellanova has a 12-month low of $52.46 and a 12-month high of $82.75. The company has a market cap of $28.51 billion, a P/E ratio of 21.37, a P/E/G ratio of 4.21 and a beta of 0.37. 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 fifty day moving average price of $81.59 and a 200 day moving average price of $80.83.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating 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%. Research analysts anticipate that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.76%. Kellanova’s payout ratio is currently 58.91%.

Insider Buying and Selling 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 dated Monday, December 9th. The shares were 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 directly owns 49,107,859 shares of the company’s stock, valued at $3,963,004,221.30. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 1,145,830 shares of company stock valued at $93,291,187 in the last ninety days. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BNP Paribas downgraded Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Friday, November 1st. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a report on Tuesday, February 18th. Finally, StockNews.com assumed coverage on Kellanova in a report on Monday. They set a “hold” rating for the company. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.96.

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.