Wilkins Investment Counsel Inc. Sells 225 Shares of Kellanova (NYSE:K)

Wilkins Investment Counsel Inc. lowered its holdings in shares of Kellanova (NYSE:K) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,425 shares of the company’s stock after selling 225 shares during the period. Wilkins Investment Counsel Inc.’s holdings in Kellanova were worth $1,411,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new stake in Kellanova in the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Kellanova during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new position in shares of Kellanova during the fourth quarter valued at about $32,000. Flagship Wealth Advisors LLC bought a new position in shares of Kellanova during the fourth quarter valued at about $32,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Kellanova by 64.8% during the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock valued at $36,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Kellanova Stock Performance

NYSE K opened at $82.36 on Thursday. The company’s 50 day moving average is $82.11 and its 200-day moving average is $81.23. Kellanova has a 12-month low of $54.70 and a 12-month high of $83.22. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The firm has a market cap of $28.43 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31.

Kellanova (NYSE:K) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating 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%. Sell-side analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova’s dividend payout ratio is currently 58.91%.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.85, for a total transaction of $9,264,035.55. Following the completion of the transaction, the insider now owns 48,764,110 shares of the company’s stock, valued at approximately $3,942,578,293.50. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 1,260,413 shares of company stock valued at $103,099,492. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on K shares. Royal Bank of Canada raised shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective on the stock in a research report on Tuesday, February 18th. StockNews.com started coverage on shares of Kellanova in a research report on Thursday. They issued a “hold” rating on the stock. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.