Generali Investments CEE investicni spolecnost a.s. Takes $227,000 Position in Kellanova (NYSE:K)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Kellanova (NYSE:K) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,800 shares of the company’s stock, valued at approximately $227,000.

Other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in shares of Kellanova in the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in shares of Kellanova in the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. raised its position 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 during the last quarter. Sherman Asset Management Inc. bought a new position in Kellanova in the 4th quarter worth approximately $43,000. Finally, Assetmark Inc. raised its position in Kellanova by 26.2% in the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

Kellanova Trading Up 0.0 %

Shares of NYSE:K opened at $82.45 on Monday. The company’s 50-day moving average price is $81.92 and its two-hundred day moving average price is $81.14. 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 has a one year low of $52.46 and a one year high of $83.22. The stock has a market capitalization of $28.46 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31.

Kellanova (NYSE:K) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. On average, equities analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

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

Wall Street Analyst Weigh In

K has been the subject of several research analyst reports. StockNews.com initiated coverage on shares of Kellanova in a research report on Tuesday, March 4th. They issued a “hold” rating for the company. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a research report on Tuesday, February 18th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.96.

Insiders Place Their Bets

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $80.85, for a total value of $9,264,035.55. Following the sale, the insider now directly owns 48,764,110 shares of the company’s stock, valued at approximately $3,942,578,293.50. This represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,145,830 shares of company stock valued at $93,673,894 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

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.