65,000 Shares in Kellanova (NYSE:K) Bought by Vazirani Asset Management LLC

Vazirani Asset Management LLC acquired a new position in Kellanova (NYSE:K - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 65,000 shares of the company's stock, valued at approximately $5,263,000. Kellanova accounts for approximately 16.4% of Vazirani Asset Management LLC's portfolio, making the stock its 2nd biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Kellanova in the fourth quarter valued at about $285,126,000. Franklin Resources Inc. lifted its position in Kellanova by 869.5% in the 4th quarter. Franklin Resources Inc. now owns 2,579,058 shares of the company's stock valued at $208,826,000 after acquiring an additional 2,313,047 shares in the last quarter. FIL Ltd boosted its position in shares of Kellanova by 182.3% during the fourth quarter. FIL Ltd now owns 2,388,000 shares of the company's stock worth $193,356,000 after buying an additional 1,542,000 shares during the period. Barclays PLC raised its holdings in shares of Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after purchasing an additional 1,033,383 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in shares of Kellanova by 136.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 1,745,788 shares of the company's stock worth $141,356,000 after buying an additional 1,006,100 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $82.23, for a total transaction of $9,422,160.09. Following the transaction, the insider now directly owns 48,191,195 shares of the company's stock, valued at $3,962,761,964.85. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,260,413 shares of company stock valued at $103,737,719 in the last 90 days. Insiders own 1.80% of the company's stock.

Kellanova Stock Down 0.2 %

Shares of Kellanova stock opened at $82.59 on Monday. The company has a market cap of $28.51 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. 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 company's 50 day moving average is $82.39 and its 200 day moving average is $81.60. Kellanova has a twelve month low of $55.96 and a twelve month high of $83.22.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. Research analysts anticipate that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.76%. Kellanova's dividend payout ratio (DPR) is presently 58.91%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on K. StockNews.com assumed coverage on shares of Kellanova in a report on Monday, April 21st. They set a "buy" rating for the company. Royal Bank of Canada downgraded shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $77.96.

Kellanova Company 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.

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