Syquant Capital Sas Purchases New Position in Kellanova (NYSE:K)

Syquant Capital Sas purchased a new position in shares of Kellanova (NYSE:K) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 365,500 shares of the company’s stock, valued at approximately $29,595,000. Kellanova accounts for 42.0% of Syquant Capital Sas’ investment portfolio, making the stock its largest holding. Syquant Capital Sas owned 0.11% of Kellanova as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in K. Clark & Stuart Inc acquired a new position in shares of Kellanova during the fourth quarter valued at about $3,364,000. Czech National Bank increased its stake in Kellanova by 6.7% in the 4th quarter. Czech National Bank now owns 58,296 shares of the company’s stock valued at $4,720,000 after buying an additional 3,645 shares during the last quarter. Graypoint LLC lifted its position in shares of Kellanova by 4.5% during the 4th quarter. Graypoint LLC now owns 11,243 shares of the company’s stock worth $910,000 after buying an additional 481 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of Kellanova by 114.3% in the 4th quarter. ST Germain D J Co. Inc. now owns 750 shares of the company’s stock worth $61,000 after buying an additional 400 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Kellanova by 2.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,227 shares of the company’s stock valued at $1,229,000 after acquiring an additional 308 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on K. StockNews.com started coverage on Kellanova in a research report on Tuesday, January 7th. They issued a “hold” rating for the company. Argus cut 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 for the company. in a research report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $76.35.

Kellanova Stock Up 0.0 %

Kellanova stock traded up $0.04 on Monday, hitting $81.55. 392,625 shares of the stock traded hands, compared to its average volume of 1,697,481. The business’s fifty day simple moving average is $80.89 and its 200 day simple moving average is $75.83. The firm has a market cap of $28.11 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.59 and a beta of 0.37. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. Kellanova has a 1 year low of $52.46 and a 1 year high of $81.58.

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

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were issued a $0.57 dividend. 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 Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $80.76, for a total transaction of $9,253,723.08. Following the completion of the transaction, the insider now directly owns 49,680,774 shares of the company’s stock, valued at approximately $4,012,219,308.24. 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. Over the last quarter, insiders sold 916,664 shares of company stock valued at $74,179,888. Company insiders own 1.80% of the company’s stock.

Kellanova Profile

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.