Vision Financial Markets LLC Invests $113,000 in Kellanova (NYSE:K)

Vision Financial Markets LLC acquired a new position in shares of Kellanova (NYSE:K) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,400 shares of the company’s stock, valued at approximately $113,000.

Several other large investors have also modified their holdings of K. Toronto Dominion Bank raised its holdings in Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company’s stock valued at $14,435,000 after buying an additional 8,686 shares during the period. Principal Financial Group Inc. raised its holdings in Kellanova by 6.9% in the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company’s stock valued at $30,169,000 after buying an additional 24,067 shares during the period. Wedmont Private Capital purchased a new position in Kellanova in the fourth quarter valued at approximately $384,000. Barclays PLC raised its holdings in Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after buying an additional 1,033,383 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Kellanova in the third quarter valued at approximately $4,211,000. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $80.64, for a total value of $9,239,973.12. Following the completion of the transaction, the insider now owns 48,878,693 shares of the company’s stock, valued at $3,941,577,803.52. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 1,145,830 shares of company stock valued at $93,461,916 over the last 90 days. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on K. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target on the stock in a report on Tuesday, February 18th. StockNews.com started coverage on shares of Kellanova in a research note on Tuesday. They set a “hold” rating on the stock. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.96.

Kellanova Stock Up 0.0 %

K stock opened at $82.37 on Thursday. Kellanova has a twelve month low of $52.46 and a twelve 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 company has a market capitalization of $28.43 billion, a P/E ratio of 21.28, a PEG ratio of 4.21 and a beta of 0.37. The firm has a 50 day simple moving average of $81.87 and a 200-day simple moving average of $81.10.

Kellanova (NYSE:K) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share 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%. On average, equities research analysts predict that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, March 3rd. Kellanova’s dividend payout ratio is presently 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.