Schonfeld Strategic Advisors LLC Has $56.66 Million Stake in Kellanova (NYSE:K)

Schonfeld Strategic Advisors LLC boosted its position in shares of Kellanova (NYSE:K) by 31.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 699,744 shares of the company’s stock after purchasing an additional 166,751 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Kellanova were worth $56,658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of K. Oregon Public Employees Retirement Fund boosted its holdings in shares of Kellanova by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company’s stock valued at $1,870,000 after buying an additional 130 shares during the period. Quent Capital LLC boosted its holdings in shares of Kellanova by 20.2% in the fourth quarter. Quent Capital LLC now owns 833 shares of the company’s stock valued at $67,000 after buying an additional 140 shares during the period. OneAscent Financial Services LLC boosted its holdings in shares of Kellanova by 4.7% in the fourth quarter. OneAscent Financial Services LLC now owns 3,315 shares of the company’s stock valued at $268,000 after buying an additional 149 shares during the period. SPC Financial Inc. boosted its holdings in shares of Kellanova by 5.7% in the fourth quarter. SPC Financial Inc. now owns 2,976 shares of the company’s stock valued at $241,000 after buying an additional 160 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in shares of 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 buying an additional 162 shares during the period. Institutional investors and hedge funds own 83.87% of the company’s stock.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $82.25, for a total value of $9,424,451.75. Following the completion of the sale, the insider now directly owns 48,076,612 shares in the company, valued at approximately $3,954,301,337. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 1,260,413 shares of company stock worth $103,801,886. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

K has been the subject of several research analyst reports. Royal Bank of Canada cut shares of Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th. StockNews.com assumed coverage on shares of Kellanova in a report on Monday, April 21st. They issued a “buy” rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.96.

Kellanova Trading Down 0.2 %

Shares of K stock opened at $82.43 on Tuesday. Kellanova has a 12-month low of $55.96 and a 12-month high of $83.22. The company has a market capitalization of $28.46 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. The firm has a 50 day moving average price of $82.39 and a two-hundred day moving average price of $81.61. 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 (NYSE:K) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) 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%. As a group, analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. Kellanova’s dividend payout ratio is presently 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.