Siemens Fonds Invest GmbH Has $2.72 Million Stock Holdings in Kellanova (NYSE:K)

Siemens Fonds Invest GmbH boosted its stake in shares of Kellanova (NYSE:K - Free Report) by 257.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,532 shares of the company's stock after purchasing an additional 24,153 shares during the period. Siemens Fonds Invest GmbH's holdings in Kellanova were worth $2,715,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of K. Barclays PLC raised its stake in Kellanova by 134.7% during the third quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. Janney Montgomery Scott LLC raised its stake in Kellanova by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,486 shares of the company's stock worth $1,902,000 after purchasing an additional 367 shares during the period. Fifth Third Bancorp raised its stake in Kellanova by 1.9% during the fourth quarter. Fifth Third Bancorp now owns 18,060 shares of the company's stock worth $1,462,000 after purchasing an additional 340 shares during the period. Blue Trust Inc. raised its stake in shares of Kellanova by 821.7% in the 4th quarter. Blue Trust Inc. now owns 4,028 shares of the company's stock valued at $325,000 after acquiring an additional 3,591 shares during the period. Finally, KBC Group NV raised its stake in shares of Kellanova by 29.1% in the 4th quarter. KBC Group NV now owns 70,037 shares of the company's stock valued at $5,671,000 after acquiring an additional 15,803 shares during the period. Hedge funds and other institutional investors own 83.87% of the company's stock.

Kellanova Stock Performance

Shares of NYSE K traded up $0.10 during midday trading on Friday, hitting $82.60. The company's stock had a trading volume of 5,559,902 shares, compared to its average volume of 2,775,646. Kellanova has a 1-year low of $55.96 and a 1-year high of $83.22. The firm's fifty day moving average price is $82.38 and its 200-day moving average price is $81.85. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The firm has a market cap of $28.66 billion, a P/E ratio of 21.34, a P/E/G ratio of 4.21 and a beta of 0.30.

Kellanova (NYSE:K - Get Free Report) last posted its quarterly 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 during the quarter, compared to analyst estimates of $3.16 billion. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. The company's quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.01 earnings per share. On average, sell-side analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.76%. Kellanova's dividend payout ratio is currently 57.58%.

Insider Transactions 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 Friday, March 14th. The shares were sold at an average price of $82.26, for a total value of $9,425,597.58. Following the sale, the insider now directly owns 47,618,280 shares in the company, valued at $3,917,079,712.80. The trade was a 0.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 1,374,996 shares of company stock valued at $113,174,775. Company insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on K. Citigroup raised shares of Kellanova to a "neutral" rating and set a $83.50 target price on the stock in a research note on Thursday. Wall Street Zen downgraded shares of Kellanova from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Finally, 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. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $79.75.

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.