Kellanova (NYSE:K) Stock Holdings Lifted by MCF Advisors LLC

MCF Advisors LLC raised its position in shares of Kellanova (NYSE:K) by 96.7% in the fourth quarter, Holdings Channel reports. The firm owned 822 shares of the company’s stock after buying an additional 404 shares during the period. MCF Advisors LLC’s holdings in Kellanova were worth $67,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. CVA Family Office LLC raised its holdings in Kellanova by 529.3% during the third quarter. CVA Family Office LLC now owns 365 shares of the company’s stock valued at $29,000 after buying an additional 307 shares in the last quarter. Newbridge Financial Services Group Inc. raised its stake in shares of Kellanova by 61.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Kellanova by 41.4% in 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 last quarter. Mather Group LLC. boosted its position in Kellanova by 71.3% during the third quarter. Mather Group LLC. now owns 615 shares of the company’s stock worth $50,000 after purchasing an additional 256 shares during the period. Finally, Assetmark Inc. raised its position in shares of Kellanova by 26.2% in the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $51,000 after purchasing an additional 131 shares during the period. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 49,337,025 shares in the company, valued at $3,995,805,654.75. This represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 1,031,247 shares of company stock valued at $83,592,882. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

K has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of Kellanova in a report on Thursday. They set a “hold” rating for the company. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Friday, November 1st. Finally, Argus downgraded Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Kellanova has an average rating of “Hold” and a consensus price target of $76.35.

Kellanova Trading Up 0.0 %

Shares of K stock opened at $81.70 on Thursday. The firm has a fifty day moving average of $80.98 and a 200-day moving average of $77.04. The stock has a market cap of $28.16 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 2.50 and a beta of 0.37. Kellanova has a 52-week low of $52.46 and a 52-week high of $81.82. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77.

Kellanova (NYSE:K) last posted its 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. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the company earned $1.03 EPS. Kellanova’s revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Kellanova will post 3.75 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 2.79%. Kellanova’s dividend payout ratio is 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.