Kintegral Advisory LLC Has $4.70 Million Stake in Kellanova (NYSE:K)

Kintegral Advisory LLC trimmed its position in Kellanova (NYSE:K - Free Report) by 32.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,931 shares of the company's stock after selling 27,921 shares during the quarter. Kintegral Advisory LLC's holdings in Kellanova were worth $4,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of Kellanova during the 4th quarter worth about $285,126,000. Franklin Resources Inc. lifted its position in Kellanova by 869.5% during the fourth quarter. Franklin Resources Inc. now owns 2,579,058 shares of the company's stock worth $208,826,000 after acquiring an additional 2,313,047 shares during the last quarter. FIL Ltd boosted its holdings 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 acquiring an additional 1,542,000 shares during the period. Tudor Investment Corp ET AL grew its position in shares of Kellanova by 136.0% in the fourth quarter. Tudor Investment Corp ET AL now owns 1,745,788 shares of the company's stock valued at $141,356,000 after purchasing an additional 1,006,100 shares during the last quarter. Finally, TIG Advisors LLC increased its stake in shares of Kellanova by 76.5% during the fourth quarter. TIG Advisors LLC now owns 1,878,275 shares of the company's stock worth $152,084,000 after purchasing an additional 813,901 shares during the period. Institutional investors 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 business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $78.42, for a total transaction of $8,985,598.86. Following the completion of the sale, the insider owned 46,128,701 shares in the company, valued at approximately $3,617,412,732.42. The trade was a 0.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 1,374,996 shares of company stock valued at $112,064,466 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

K has been the topic of several research reports. 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. Wall Street Zen lowered shares of Kellanova from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Citigroup raised shares of Kellanova to a "neutral" rating and set a $83.50 target price on the stock in a report on Thursday, May 29th. Fourteen analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $79.75.

Kellanova Stock Up 0.1%

Shares of NYSE K opened at $80.04 on Friday. The company has a market capitalization of $27.77 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 4.24 and a beta of 0.28. Kellanova has a 52-week low of $55.96 and a 52-week high of $83.22. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.52 and a current ratio of 0.80. The company's 50 day moving average price is $81.35 and its 200-day moving average price is $81.75.

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

Kellanova Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.85%. Kellanova's dividend payout ratio (DPR) is currently 57.58%.

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.

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