Grantham Mayo Van Otterloo & Co. LLC Has $30.15 Million Position in Kellanova (NYSE:K)

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Kellanova (NYSE:K) by 22.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 372,328 shares of the company’s stock after purchasing an additional 68,385 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.11% of Kellanova worth $30,147,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Independent Advisor Alliance raised its stake in shares of Kellanova by 16.5% in the 4th quarter. Independent Advisor Alliance now owns 7,203 shares of the company’s stock valued at $583,000 after purchasing an additional 1,019 shares during the period. Toronto Dominion Bank raised its position 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 bought a new stake in Kellanova in the 4th quarter valued at approximately $384,000. Barclays PLC boosted its position in Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after acquiring an additional 1,033,383 shares during the last quarter. Finally, Alpine Associates Management Inc. grew its stake in shares of Kellanova by 93.5% during the 4th quarter. Alpine Associates Management Inc. now owns 612,850 shares of the company’s stock worth $49,622,000 after acquiring an additional 296,150 shares in the last quarter. 83.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $81.42, for a total transaction of $9,329,347.86. Following the completion of the sale, the insider now owns 48,534,944 shares in the company, valued at $3,951,715,140.48. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,260,413 shares of company stock valued at $103,473,032 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Kellanova Trading Down 0.4 %

Shares of NYSE:K opened at $82.25 on Friday. Kellanova has a 52-week low of $55.01 and a 52-week high of $83.22. 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 company has a market capitalization of $28.39 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. The company has a 50-day simple moving average of $82.31 and a 200 day simple moving average of $81.40.

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

Kellanova Dividend Announcement

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

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.