4,360 Shares in Kellanova (NYSE:K) Acquired by Alps Advisors Inc.

Alps Advisors Inc. purchased a new stake in shares of Kellanova (NYSE:K - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,360 shares of the company's stock, valued at approximately $360,000.

A number of other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust acquired a new stake in Kellanova in the 1st quarter worth $25,000. MorganRosel Wealth Management LLC acquired a new stake in Kellanova in the 1st quarter worth $27,000. Flagship Wealth Advisors LLC acquired a new stake in Kellanova in the 4th quarter worth $32,000. Accredited Wealth Management LLC acquired a new position in shares of Kellanova in the 4th quarter valued at $36,000. Finally, Twin Tree Management LP acquired a new position in shares of Kellanova in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 83.87% of the company's stock.

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 that occurred on Monday, July 14th. The stock was sold at an average price of $79.54, for a total transaction of $9,113,931.82. Following the transaction, the insider owned 45,784,952 shares in the company, valued at approximately $3,641,735,082.08. This represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,374,996 shares of company stock valued at $111,466,342 over the last ninety days. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Citigroup upgraded Kellanova to a "neutral" rating and set a $83.50 target price for the company in a research note on Thursday, May 29th. Wall Street Zen lowered Kellanova from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $79.75.

Kellanova Trading Up 0.1%

K traded up $0.10 during midday trading on Friday, hitting $80.08. 527,300 shares of the company were exchanged, compared to its average volume of 3,026,557. The firm has a market capitalization of $27.78 billion, a P/E ratio of 20.22, a P/E/G ratio of 4.24 and a beta of 0.28. The firm's 50 day moving average price is $80.76 and its 200-day moving average price is $81.67. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.25. Kellanova has a 1-year low of $56.37 and a 1-year high of $83.22.

Kellanova (NYSE:K - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.11). Kellanova had a net margin of 10.93% and a return on equity of 34.80%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period in the prior year, the company earned $1.01 earnings per share. The business's revenue was down 3.7% on a year-over-year basis. As a group, equities analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.85%. Kellanova's dividend payout ratio is 57.58%.

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.