Kellanova (NYSE:K) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its holdings in shares of Kellanova (NYSE:K) by 23.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,250 shares of the company’s stock after buying an additional 5,852 shares during the period. UniSuper Management Pty Ltd’s holdings in Kellanova were worth $2,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Kellanova by 3.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 434,182 shares of the company’s stock worth $35,260,000 after purchasing an additional 14,136 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in Kellanova in the fourth quarter valued at about $60,000. Vanguard Group Inc. raised its stake in Kellanova by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 32,435,744 shares of the company’s stock valued at $2,626,322,000 after buying an additional 281,137 shares in the last quarter. LPL Financial LLC raised its stake in Kellanova by 0.8% during the fourth quarter. LPL Financial LLC now owns 106,325 shares of the company’s stock valued at $8,609,000 after buying an additional 842 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Kellanova during the 4th quarter worth approximately $7,896,000. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on K shares. Royal Bank of Canada lowered Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. StockNews.com assumed coverage on shares of Kellanova in a report on Friday. They set a “hold” rating on the stock. Fourteen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.96.

Kellanova Price Performance

NYSE K opened at $82.43 on Friday. The company has a 50-day moving average price of $82.24 and a two-hundred day moving average price of $81.33. Kellanova has a 52 week low of $55.01 and a 52 week high of $83.22. The stock has a market cap of $28.45 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. The company has a current ratio of 0.81, a quick ratio of 0.56 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%. Analysts forecast that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

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

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $81.28, for a total value of $9,313,306.24. Following the completion of the transaction, the insider now directly owns 48,649,527 shares in the company, valued at $3,954,233,554.56. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,374,996 shares of company stock worth $112,737,068 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

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.