U.S. Capital Wealth Advisors LLC Sells 4,727 Shares of Kellanova (NYSE:K)

U.S. Capital Wealth Advisors LLC cut its stake in Kellanova (NYSE:K - Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,005 shares of the company's stock after selling 4,727 shares during the period. U.S. Capital Wealth Advisors LLC owned approximately 0.05% of Kellanova worth $15,344,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Independent Advisor Alliance lifted its holdings in shares of Kellanova by 16.5% during the 4th quarter. Independent Advisor Alliance now owns 7,203 shares of the company's stock worth $583,000 after acquiring an additional 1,019 shares during the period. Aviva PLC lifted its holdings in shares of Kellanova by 2.6% during the 4th quarter. Aviva PLC now owns 542,709 shares of the company's stock worth $43,943,000 after acquiring an additional 13,531 shares during the period. Retirement Guys Formula LLC bought a new position in shares of Kellanova during the 1st quarter worth about $934,000. Alpine Associates Management Inc. lifted its holdings in shares of Kellanova by 93.5% during the 4th quarter. Alpine Associates Management Inc. now owns 612,850 shares of the company's stock worth $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 during the 4th quarter worth about $10,125,000. 83.87% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $79.37, for a total value of $9,094,452.71. Following the completion of the sale, the insider owned 46,014,118 shares in the company, valued at approximately $3,652,140,545.66. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 1,260,413 shares of company stock valued at $102,665,222. Company insiders own 1.80% of the company's stock.

Kellanova Trading Up 0.1%

Shares of K stock opened at $80.04 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.80 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $27.77 billion, a P/E ratio of 20.21, a P/E/G ratio of 4.24 and a beta of 0.28. Kellanova has a 12-month low of $55.96 and a 12-month high of $83.22. The firm has a 50-day moving average price of $81.30 and a 200 day moving average price of $81.77.

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

Kellanova Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on K shares. Wall Street Zen downgraded shares of Kellanova from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Citigroup raised shares of Kellanova to a "neutral" rating and set a $83.50 price objective for the company in a report on Thursday, May 29th. Finally, Royal Bank Of Canada downgraded shares of Kellanova from a "moderate buy" rating to a "hold" rating in a report on Friday, March 14th. Fourteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Kellanova presently has a consensus rating of "Hold" and an average price target of $79.75.

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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