Kellanova (NYSE:K) Stock Holdings Lifted by BCK Capital Management LP

BCK Capital Management LP raised its stake in shares of Kellanova (NYSE:K - Free Report) by 101.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,610 shares of the company's stock after acquiring an additional 84,970 shares during the quarter. Kellanova makes up about 9.9% of BCK Capital Management LP's portfolio, making the stock its 3rd biggest position. BCK Capital Management LP's holdings in Kellanova were worth $13,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Kellanova by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 32,435,744 shares of the company's stock valued at $2,626,322,000 after purchasing an additional 281,137 shares during the last quarter. Geode Capital Management LLC raised its stake in Kellanova by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 6,884,092 shares of the company's stock worth $556,014,000 after acquiring an additional 158,560 shares during the last quarter. Pentwater Capital Management LP raised its stake in Kellanova by 8.5% in the 4th quarter. Pentwater Capital Management LP now owns 5,755,000 shares of the company's stock worth $465,982,000 after acquiring an additional 450,700 shares during the last quarter. Invesco Ltd. raised its stake in Kellanova by 2.7% in the 4th quarter. Invesco Ltd. now owns 4,168,070 shares of the company's stock worth $337,489,000 after acquiring an additional 111,396 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Kellanova by 15.7% in the 4th quarter. Northern Trust Corp now owns 3,897,899 shares of the company's stock worth $315,613,000 after acquiring an additional 530,132 shares during the last quarter. Institutional investors own 83.87% of the company's stock.

Kellanova Price Performance

Shares of NYSE:K traded down $0.08 during trading on Wednesday, reaching $82.43. 562,971 shares of the company's stock traded hands, compared to its average volume of 2,762,163. Kellanova has a fifty-two week low of $55.96 and a fifty-two week 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 $28.60 billion, a PE ratio of 21.30, a P/E/G ratio of 4.21 and a beta of 0.30. The company has a 50-day simple moving average of $82.37 and a 200-day simple moving average of $81.83.

Kellanova (NYSE:K - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). Kellanova had a net margin of 10.53% and a return on equity of 37.25%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the business earned $1.01 earnings per share. Kellanova's revenue was down 3.7% on a year-over-year basis. As a group, analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. Kellanova's dividend payout ratio (DPR) is presently 57.58%.

Insider Activity

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $82.24, for a total value of $9,423,305.92. Following the sale, the insider now directly owns 46,587,033 shares in the company, valued at approximately $3,831,317,593.92. The trade was a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,374,996 shares of company stock worth $113,210,296 in the last ninety days. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered Kellanova from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Thirteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Kellanova presently has a consensus rating of "Hold" and an average price target of $79.41.

About Kellanova

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.