Kellanova (NYSE:K - Get Free Report) major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $82.26, for a total value of $9,425,597.58. Following the completion of the sale, the insider now owns 47,045,365 shares in the company, valued at $3,869,951,724.90. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Kellanova Stock Performance
NYSE:K opened at $82.35 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. Kellanova has a fifty-two week low of $55.96 and a fifty-two week high of $83.22. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 4.21 and a beta of 0.34. The stock has a fifty day moving average price of $82.36 and a 200-day moving average price of $81.54.
Kellanova (NYSE:K - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Kellanova will post 3.93 EPS for the current fiscal year.
Kellanova Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova's dividend payout ratio is currently 58.91%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. 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. StockNews.com initiated coverage on shares of Kellanova in a research report on Monday. They set a "buy" rating for the company. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kellanova presently has an average rating of "Hold" and a consensus target price of $77.96.
Read Our Latest Stock Report on K
Institutional Investors Weigh In On Kellanova
A number of large investors have recently modified their holdings of the business. Grove Bank & Trust bought a new position in Kellanova in the 1st quarter valued at approximately $25,000. Stonebridge Financial Group LLC bought a new position in shares of Kellanova in the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new stake in shares of Kellanova during the 4th quarter valued at $28,000. Rialto Wealth Management LLC bought a new stake in Kellanova during the 4th quarter worth $32,000. Finally, Flagship Wealth Advisors LLC acquired a new position in Kellanova in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 83.87% of the company's stock.
About Kellanova
(
Get Free Report)
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.
Further Reading
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