Kellanova (NYSE:K) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in Kellanova (NYSE:K) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,091 shares of the company’s stock after buying an additional 130 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kellanova were worth $1,870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in Kellanova by 7,849.5% during the 3rd quarter. International Assets Investment Management LLC now owns 86,729 shares of the company’s stock valued at $7,000,000 after purchasing an additional 85,638 shares during the period. Assenagon Asset Management S.A. raised its stake in Kellanova by 2.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,934 shares of the company’s stock valued at $1,367,000 after purchasing an additional 457 shares during the period. Louisiana State Employees Retirement System raised its stake in Kellanova by 1.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 15,100 shares of the company’s stock valued at $1,219,000 after purchasing an additional 200 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Kellanova by 28.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,118 shares of the company’s stock valued at $1,867,000 after purchasing an additional 5,064 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Kellanova by 9.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,919 shares of the company’s stock valued at $1,204,000 after purchasing an additional 1,249 shares during the period. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Kellanova Trading Up 0.5 %

Shares of NYSE:K opened at $82.90 on Friday. The stock has a market capitalization of $28.62 billion, a PE ratio of 21.42, a P/E/G ratio of 4.21 and a beta of 0.37. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.94. The firm has a fifty day moving average price of $81.77 and a 200 day moving average price of $80.96. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date is Monday, March 3rd. Kellanova’s dividend payout ratio is presently 58.91%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $80.64, for a total transaction of $9,239,973.12. Following the completion of the sale, the insider now directly owns 48,878,693 shares in the company, valued at $3,941,577,803.52. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 1,145,830 shares of company stock worth $93,461,916. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on K. StockNews.com began coverage on shares of Kellanova in a research note on Monday, February 24th. They set a “hold” rating on the stock. BNP Paribas downgraded 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. Finally, Royal Bank of Canada raised shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price on the stock in a research note on Tuesday, February 18th. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $77.96.

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.