Parallel Advisors LLC Purchases 360 Shares of Kellanova (NYSE:K)

Parallel Advisors LLC raised its position in Kellanova (NYSE:K) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,417 shares of the company’s stock after acquiring an additional 360 shares during the quarter. Parallel Advisors LLC’s holdings in Kellanova were worth $439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Kellanova by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company’s stock worth $1,870,000 after acquiring an additional 130 shares during the period. Quent Capital LLC increased its holdings 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 purchasing an additional 140 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Kellanova by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock worth $690,000 after buying an additional 145 shares in the last quarter. SPC Financial Inc. boosted its stake in Kellanova by 5.7% during the fourth quarter. SPC Financial Inc. now owns 2,976 shares of the company’s stock valued at $241,000 after buying an additional 160 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Kellanova by 0.7% during the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock valued at $1,820,000 after buying an additional 162 shares in the last quarter. 83.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $80.85, for a total transaction of $9,264,035.55. Following the sale, the insider now directly owns 48,764,110 shares of the company’s stock, valued at $3,942,578,293.50. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 1,374,996 shares of company stock worth $112,530,818. 1.80% of the stock is owned by insiders.

Kellanova Trading Up 0.1 %

Shares of NYSE:K opened at $82.40 on Friday. The business’s fifty day simple moving average is $82.14 and its 200-day simple moving average is $81.25. Kellanova has a 12-month low of $55.01 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 company has a market capitalization of $28.44 billion, a PE ratio of 21.29, a P/E/G ratio of 4.21 and a beta of 0.31.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 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%. As a group, 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. Kellanova’s dividend payout ratio is currently 58.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on K shares. 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. StockNews.com began coverage on shares of Kellanova in a research note on Thursday. They set a “hold” rating for the company. Fourteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kellanova has a consensus rating of “Hold” and a consensus price target of $77.96.

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.