Swiss National Bank Has $71.81 Million Stock Position in Kellanova (NYSE:K)

Swiss National Bank grew its stake in Kellanova (NYSE:K) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 886,900 shares of the company’s stock after buying an additional 75,100 shares during the quarter. Swiss National Bank owned 0.26% of Kellanova worth $71,812,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank increased its stake in Kellanova by 5.1% in the 3rd quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock valued at $14,435,000 after buying an additional 8,686 shares during the last quarter. Wedmont Private Capital acquired a new position in Kellanova during the fourth quarter valued at approximately $384,000. Barclays PLC grew its stake in Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after purchasing an additional 1,033,383 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Kellanova during the 3rd quarter worth approximately $4,211,000. Finally, Impax Asset Management Group plc bought a new stake in Kellanova during the third quarter worth $4,991,000. Institutional investors own 83.87% of the company’s stock.

Analyst Ratings Changes

K has been the subject of a number of recent analyst reports. Royal Bank of Canada raised Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a research report on Tuesday, February 18th. StockNews.com began coverage on Kellanova in a report on Wednesday. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.96.

Insider Transactions at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $82.26, for a total transaction of $9,425,597.58. Following the completion of the sale, the insider now owns 47,618,280 shares of the company’s stock, valued at approximately $3,917,079,712.80. This represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 1,260,413 shares of company stock valued at $103,099,492. 1.80% of the stock is owned by corporate insiders.

Kellanova Price Performance

NYSE:K opened at $82.22 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. The firm has a market cap of $28.38 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 4.21 and a beta of 0.31. Kellanova has a 52 week low of $52.53 and a 52 week high of $83.22. The firm’s 50-day simple moving average is $82.05 and its 200 day simple moving average is $81.19.

Kellanova (NYSE:K) last released its quarterly earnings results 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%. As a group, sell-side analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

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

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.