Kellanova (NYSE:K) Shares Bought by Thomasville National Bank

Thomasville National Bank boosted its stake in shares of Kellanova (NYSE:K) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,733 shares of the company’s stock after purchasing an additional 259 shares during the period. Thomasville National Bank’s holdings in Kellanova were worth $4,351,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Choreo LLC lifted its stake in Kellanova by 101.2% in the 2nd quarter. Choreo LLC now owns 7,966 shares of the company’s stock valued at $453,000 after buying an additional 4,007 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Kellanova by 28.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 34,327 shares of the company’s stock valued at $1,980,000 after buying an additional 7,605 shares in the last quarter. American Century Companies Inc. lifted its stake in Kellanova by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 36,893 shares of the company’s stock valued at $2,128,000 after buying an additional 4,737 shares in the last quarter. Qsemble Capital Management LP purchased a new position in Kellanova in the 2nd quarter valued at about $288,000. Finally, Meeder Advisory Services Inc. purchased a new position in Kellanova in the 2nd quarter valued at about $222,000. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $80.96, for a total transaction of $9,276,639.68. Following the transaction, the insider now directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 916,664 shares of company stock valued at $74,179,888. Insiders own 1.80% of the company’s stock.

Kellanova Stock Up 0.0 %

Shares of Kellanova stock traded up $0.04 during trading on Monday, hitting $81.55. 495,110 shares of the stock were exchanged, compared to its average volume of 1,713,523. The stock has a market cap of $28.11 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.37. The firm’s 50-day moving average price is $80.89 and its 200 day moving average price is $75.83. Kellanova has a 12-month low of $52.46 and a 12-month high of $81.58. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.77 and a quick ratio of 0.53.

Kellanova (NYSE:K) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the previous year, the company earned $1.03 earnings per share. Kellanova’s quarterly revenue was down .7% compared to the same quarter last year. As a group, analysts forecast that Kellanova will post 3.74 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 2.80%. Kellanova’s dividend payout ratio (DPR) is presently 78.35%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Kellanova in a research note on Tuesday, January 7th. They issued a “hold” rating on the stock. Argus lowered shares of Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BNP Paribas lowered shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.