LSV Asset Management Has $14.24 Million Stock Position in Kellanova (NYSE:K)

LSV Asset Management lowered its stake in shares of Kellanova (NYSE:K - Free Report) by 45.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 175,900 shares of the company's stock after selling 146,300 shares during the period. LSV Asset Management owned 0.05% of Kellanova worth $14,243,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in K. Stonebridge Financial Group LLC bought a new position in shares of Kellanova in the fourth quarter valued at about $27,000. BankPlus Trust Department acquired a new position in shares of Kellanova in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in Kellanova during the 4th quarter worth approximately $32,000. Flagship Wealth Advisors LLC bought a new stake in Kellanova in the 4th quarter valued at $32,000. Finally, First Horizon Advisors Inc. grew its holdings in Kellanova by 64.8% in the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock valued at $36,000 after buying an additional 173 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on K shares. StockNews.com began coverage on Kellanova in a research note on Sunday, April 13th. They set a "hold" rating on the stock. 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $77.96.

Insider Transactions at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the sale, the insider now owns 48,305,778 shares of the company's stock, valued at $3,956,726,275.98. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 1,260,413 shares of company stock worth $103,672,407 over the last ninety days. 1.80% of the stock is owned by insiders.

Kellanova Trading Up 0.1 %

Kellanova stock traded up $0.08 during trading hours on Friday, hitting $82.37. The stock had a trading volume of 1,933,260 shares, compared to its average volume of 2,730,088. The business's 50 day simple moving average is $82.35 and its 200-day simple moving average is $81.50. Kellanova has a one year low of $55.96 and a one year high of $83.22. The stock has a market cap of $28.43 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 4.21 and a beta of 0.34. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29.

Kellanova (NYSE:K - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. On average, equities analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. Kellanova's payout ratio is 58.91%.

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.