Diversified Trust Co Has $1.70 Million Position in Kellanova (NYSE:K)

Diversified Trust Co cut its holdings in shares of Kellanova (NYSE:K) by 74.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,963 shares of the company’s stock after selling 61,957 shares during the quarter. Diversified Trust Co’s holdings in Kellanova were worth $1,697,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of K. Swedbank AB grew its holdings in Kellanova by 20.5% during the third quarter. Swedbank AB now owns 273,521 shares of the company’s stock worth $22,076,000 after purchasing an additional 46,450 shares during the period. Toronto Dominion Bank boosted its stake in shares of Kellanova by 5.1% during the 3rd quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock worth $14,435,000 after acquiring an additional 8,686 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Kellanova by 6.9% during the 3rd quarter. Principal Financial Group Inc. now owns 373,792 shares of the company’s stock worth $30,169,000 after acquiring an additional 24,067 shares during the last quarter. Barclays PLC raised its stake in Kellanova by 134.7% in the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after acquiring an additional 1,033,383 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Kellanova during the 3rd quarter valued at $4,211,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Trading Up 0.2 %

NYSE:K opened at $81.53 on Thursday. Kellanova has a 52 week low of $52.46 and a 52 week high of $81.58. The firm’s fifty day moving average is $80.85 and its 200-day moving average is $75.50. The firm has a market cap of $28.10 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.59 and a beta of 0.37. 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 issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. Equities analysts expect that Kellanova will post 3.74 earnings per share for the current year.

Kellanova Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, December 2nd. Kellanova’s payout ratio is 78.35%.

Insider Transactions at Kellanova

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 Monday, October 21st. The stock was sold at an average price of $80.96, for a total transaction of $9,276,639.68. Following the completion of the sale, the insider now owns 49,795,357 shares in the company, valued at $4,031,432,102.72. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 1,031,247 shares of company stock valued at $83,418,716 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

K has been the topic of several research analyst reports. StockNews.com began coverage on shares of Kellanova in a research report on Tuesday. They issued a “hold” rating on the stock. Argus cut shares of Kellanova from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BNP Paribas cut 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. Fifteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Kellanova presently has a consensus rating of “Hold” and a consensus target price of $76.35.

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.