Kellanova (NYSE:K) Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. decreased its position in shares of Kellanova (NYSE:K - Free Report) by 22.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,114 shares of the company's stock after selling 27,963 shares during the period. Nomura Holdings Inc.'s holdings in Kellanova were worth $7,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its stake in Kellanova by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company's stock worth $1,870,000 after purchasing an additional 130 shares during the period. Quent Capital LLC lifted its stake in shares of Kellanova by 20.2% in the fourth quarter. Quent Capital LLC now owns 833 shares of the company's stock worth $67,000 after buying an additional 140 shares during the last quarter. OneAscent Financial Services LLC boosted its holdings in Kellanova by 4.7% during the fourth quarter. OneAscent Financial Services LLC now owns 3,315 shares of the company's stock valued at $268,000 after acquiring an additional 149 shares during the period. SPC Financial Inc. increased its position in Kellanova by 5.7% in the 4th quarter. SPC Financial Inc. now owns 2,976 shares of the company's stock worth $241,000 after buying an additional 160 shares during the period. Finally, CENTRAL TRUST Co boosted its holdings in Kellanova by 0.7% in the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company's stock valued at $1,820,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 83.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on K. StockNews.com cut shares of Kellanova from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 14th. Thirteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $79.41.

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 that occurred on Friday, February 28th. The shares were sold at an average price of $82.70, for a total transaction of $9,476,014.10. Following the completion of the transaction, the insider now owns 47,847,446 shares in the company, valued at $3,956,983,784.20. The trade was a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 1,260,413 shares of company stock worth $103,786,990 in the last 90 days. Corporate insiders own 1.80% of the company's stock.

Kellanova Stock Performance

NYSE:K traded up $0.10 during mid-day trading on Monday, reaching $82.40. The company's stock had a trading volume of 4,852,746 shares, compared to its average volume of 2,738,603. The stock has a market cap of $28.59 billion, a P/E ratio of 21.29, a PEG ratio of 4.21 and a beta of 0.30. Kellanova has a 12-month low of $55.96 and a 12-month high of $83.22. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The firm's fifty day moving average price is $82.37 and its two-hundred day moving average price is $81.76.

Kellanova (NYSE:K - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. The company's revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.01 earnings per share. On average, equities analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. Kellanova's payout ratio is 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.