Kellanova (NYSE:K) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Kellanova (NYSE:K) in a report issued on Monday. The firm issued a hold rating on the stock.

Several other equities analysts have also issued reports on K. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a report on Friday, November 1st. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a research note on Tuesday, February 18th. Thirteen research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kellanova presently has a consensus rating of “Hold” and a consensus target price of $77.96.

Kellanova Price Performance

Shares of NYSE:K opened at $82.61 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The stock has a market cap of $28.52 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 4.21 and a beta of 0.37. The stock’s fifty day simple moving average is $81.68 and its two-hundred day simple moving average is $80.94. Kellanova has a 1-year low of $52.46 and a 1-year high of $82.85.

Kellanova (NYSE:K) last released its quarterly earnings results 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 net margin of 10.53% and a return on equity of 37.25%. As a group, analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.76%. Kellanova’s dividend payout ratio is currently 58.91%.

Insider Buying and Selling at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $80.70, for a total transaction of $9,246,848.10. Following the sale, the insider now owns 49,107,859 shares of the company’s stock, valued at $3,963,004,221.30. The trade was a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 1,145,830 shares of company stock valued at $93,291,187 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Kellanova

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stonebridge Financial Group LLC purchased a new position in Kellanova during the 4th quarter valued at about $27,000. BankPlus Trust Department bought a new position in shares of Kellanova in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC purchased a new position in Kellanova during the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new stake in Kellanova during the 4th quarter worth approximately $32,000. Finally, First Horizon Advisors Inc. lifted its stake in Kellanova by 64.8% in the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock worth $36,000 after purchasing an additional 173 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors.

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.