Kellanova (NYSE:K) Shares Sold by Tidal Investments LLC

Tidal Investments LLC trimmed its position in Kellanova (NYSE:K - Free Report) by 58.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,187 shares of the company's stock after selling 28,515 shares during the period. Tidal Investments LLC's holdings in Kellanova were worth $1,635,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Independent Advisor Alliance grew its holdings in Kellanova by 16.5% during the fourth quarter. Independent Advisor Alliance now owns 7,203 shares of the company's stock worth $583,000 after buying an additional 1,019 shares in the last quarter. Aviva PLC boosted its position in Kellanova by 2.6% during the fourth quarter. Aviva PLC now owns 542,709 shares of the company's stock worth $43,943,000 after purchasing an additional 13,531 shares during the period. Barclays PLC raised its holdings in Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock valued at $145,309,000 after acquiring an additional 1,033,383 shares during the period. Alpine Associates Management Inc. boosted its position in shares of Kellanova by 93.5% in the fourth quarter. Alpine Associates Management Inc. now owns 612,850 shares of the company's stock valued at $49,622,000 after acquiring an additional 296,150 shares during the period. Finally, Decagon Asset Management LLP bought a new position in shares of Kellanova in the fourth quarter worth $10,125,000. Institutional investors own 83.87% of the company's stock.

Insider Activity 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 Wednesday, May 28th. The shares were sold at an average price of $82.39, for a total value of $9,440,493.37. Following the completion of the transaction, the insider now owns 46,472,450 shares in the company, valued at $3,828,865,155.50. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 1,489,579 shares of company stock worth $122,650,789. Insiders own 1.80% of the company's stock.

Kellanova Trading Up 0.1%

Shares of K stock traded up $0.09 during trading on Thursday, hitting $82.35. 468,239 shares of the stock traded hands, compared to its average volume of 2,756,278. The firm has a market capitalization of $28.57 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 4.21 and a beta of 0.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. The firm's fifty day moving average price is $82.37 and its 200-day moving average price is $81.83. Kellanova has a 52-week low of $55.96 and a 52-week high of $83.22.

Kellanova (NYSE:K - Get Free Report) last released 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). Kellanova had a net margin of 10.53% and a return on equity of 37.25%. The firm had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $3.16 billion. During the same period in the previous year, the firm posted $1.01 EPS. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, research analysts forecast that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on K. Royal Bank of Canada lowered shares of Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. Wall Street Zen cut shares of Kellanova from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Citigroup began coverage on Kellanova in a research report on Thursday. They issued a "neutral" rating and a $83.50 target price for the company. Fourteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Kellanova has an average rating of "Hold" and an average price target of $79.75.

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.