Aviva PLC Purchases 13,531 Shares of Kellanova (NYSE:K)

Aviva PLC boosted its position in shares of Kellanova (NYSE:K) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 542,709 shares of the company’s stock after purchasing an additional 13,531 shares during the quarter. Aviva PLC’s holdings in Kellanova were worth $43,943,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its holdings in shares of Kellanova by 26.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,947 shares of the company’s stock valued at $884,000 after purchasing an additional 2,300 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in Kellanova during the 3rd quarter valued at about $636,000. Janus Henderson Group PLC raised its stake in Kellanova by 91.2% in the third quarter. Janus Henderson Group PLC now owns 196,185 shares of the company’s stock valued at $15,833,000 after buying an additional 93,586 shares during the last quarter. Investment Management Corp of Ontario boosted its holdings in Kellanova by 48.6% in the third quarter. Investment Management Corp of Ontario now owns 9,174 shares of the company’s stock worth $740,000 after acquiring an additional 3,000 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Kellanova by 5.2% during the third quarter. State Street Corp now owns 14,725,420 shares of the company’s stock worth $1,188,489,000 after acquiring an additional 731,273 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Kellanova Trading Down 0.4 %

Shares of Kellanova stock opened at $82.25 on Friday. The stock has a market cap of $28.39 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. The firm has a fifty day moving average price of $82.31 and a 200 day moving average price of $81.40. Kellanova has a 1 year low of $55.01 and a 1 year high of $83.22. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56.

Kellanova (NYSE:K) last released its quarterly earnings data 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 return on equity of 37.25% and a net margin of 10.53%. Equities research analysts predict 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 given a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova’s dividend payout ratio is presently 58.91%.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $81.42, for a total value of $9,329,347.86. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 1,260,413 shares of company stock valued at $103,473,032 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada lowered shares of Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. StockNews.com began coverage on shares of Kellanova in a report on Saturday. They issued a “hold” rating for the company. Fourteen 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.com, the stock presently has an average rating of “Hold” and an average target price of $77.96.

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.