Maven Securities LTD Has $1.06 Million Stock Position in Kellanova (NYSE:K)

Maven Securities LTD lowered its position in Kellanova (NYSE:K - Free Report) by 88.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,104 shares of the company's stock after selling 100,196 shares during the period. Maven Securities LTD's holdings in Kellanova were worth $1,061,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Stonebridge Financial Group LLC acquired a new position in Kellanova during the 4th quarter worth $27,000. BankPlus Trust Department acquired a new position in Kellanova during the 4th quarter worth $28,000. Rialto Wealth Management LLC bought a new stake in shares of Kellanova during the 4th quarter valued at $32,000. Flagship Wealth Advisors LLC bought a new stake in shares of Kellanova during the 4th quarter valued at $32,000. Finally, First Horizon Advisors Inc. raised its position in shares of Kellanova by 64.8% during the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company's stock valued at $36,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 83.87% of the company's stock.

Insider Buying and Selling

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $81.79, for a total transaction of $9,371,743.57. Following the completion of the transaction, the insider now directly owns 46,701,616 shares in the company, valued at $3,819,725,172.64. This represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 1,260,413 shares of company stock valued at $103,786,990. Company insiders own 1.80% of the company's stock.

Kellanova Trading Up 0.2%

Shares of K traded up $0.15 during trading hours on Friday, reaching $82.28. The stock had a trading volume of 3,434,394 shares, compared to its average volume of 2,730,043. 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 has a 52 week low of $55.96 and a 52 week high of $83.22. The firm has a 50-day moving average of $82.37 and a 200 day moving average of $81.75. The company has a market cap of $28.55 billion, a P/E ratio of 21.26, a P/E/G ratio of 4.21 and a beta of 0.30.

Kellanova (NYSE:K - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 37.25% and a net margin of 10.53%. Kellanova's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. On average, sell-side analysts expect that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

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 paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. Kellanova's payout ratio is presently 57.58%.

Analyst Ratings Changes

Several brokerages have commented 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 cut shares of Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. Thirteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Kellanova currently has an average rating of "Hold" and an average target price of $79.41.

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.