U.S. Capital Wealth Advisors LLC Has $15.34 Million Holdings in Kellanova (NYSE:K)

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Kellanova (NYSE:K - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,005 shares of the company's stock after selling 4,727 shares during the quarter. U.S. Capital Wealth Advisors LLC owned approximately 0.05% of Kellanova worth $15,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Kellanova by 127.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,105 shares of the company's stock worth $89,000 after purchasing an additional 619 shares during the last quarter. Assetmark Inc. raised its stake in shares of Kellanova by 613.8% during the fourth quarter. Assetmark Inc. now owns 4,504 shares of the company's stock worth $365,000 after purchasing an additional 3,873 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Kellanova during the fourth quarter worth approximately $9,919,000. Raymond James Financial Inc. purchased a new stake in shares of Kellanova during the fourth quarter worth approximately $21,282,000. Finally, Candriam S.C.A. raised its stake in shares of Kellanova by 15.0% during the fourth quarter. Candriam S.C.A. now owns 31,508 shares of the company's stock worth $2,551,000 after purchasing an additional 4,117 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company's stock.

Insider Buying and Selling 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 dated Monday, June 30th. The stock was 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 of the company's stock, valued at $3,652,140,545.66. The trade was a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,260,413 shares of company stock valued at $102,665,222 over the last ninety days. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Kellanova Stock Down 0.5%

Shares of K stock traded down $0.39 on Monday, reaching $79.61. 3,005,414 shares of the company's stock traded hands, compared to its average volume of 3,000,826. Kellanova has a 12-month low of $55.96 and a 12-month 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 has a market capitalization of $27.62 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 4.24 and a beta of 0.28. The business's 50 day moving average price is $81.30 and its two-hundred day moving average price is $81.77.

Kellanova (NYSE:K - Get Free Report) last issued 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 10.93% and a return on equity of 34.80%. The firm had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.16 billion. During the same quarter last year, the firm earned $1.01 EPS. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.86%. 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.