Sentry Investment Management LLC Has $80,000 Stake in Kellanova (NYSE:K)

Sentry Investment Management LLC lowered its stake in Kellanova (NYSE:K) by 14.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 986 shares of the company’s stock after selling 161 shares during the quarter. Sentry Investment Management LLC’s holdings in Kellanova were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in K. Toronto Dominion Bank grew its stake in Kellanova by 5.1% in the 3rd 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 last quarter. Principal Financial Group Inc. grew its position in shares of 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 purchasing an additional 24,067 shares during the last quarter. Wedmont Private Capital bought a new position in shares of Kellanova in the fourth quarter worth about $384,000. Barclays PLC increased its stake in shares of Kellanova by 134.7% in the third quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock worth $145,309,000 after purchasing an additional 1,033,383 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Kellanova during the 3rd quarter worth about $4,211,000. Institutional investors and hedge funds own 83.87% of the company’s stock.

Kellanova Stock Performance

Kellanova stock opened at $82.59 on Friday. The firm has a market capitalization of $28.51 billion, a P/E ratio of 21.34, a P/E/G ratio of 4.21 and a beta of 0.37. The stock has a fifty day moving average price of $81.72 and a two-hundred day moving average price of $80.95. Kellanova has a 52-week low of $52.46 and a 52-week high of $82.85. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate 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, analysts anticipate that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 dividend yield of 2.76%. Kellanova’s dividend payout ratio is 58.91%.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $80.70, for a total value of $9,246,848.10. Following the transaction, the insider now directly owns 49,107,859 shares in the company, valued at approximately $3,963,004,221.30. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 1,031,247 shares of company stock worth $83,985,902 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on K shares. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price on the stock. in a report on Friday, November 1st. StockNews.com initiated coverage on shares of Kellanova in a research note on Monday. They issued a “hold” rating on the stock. Finally, Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price for the company in a research note on Tuesday, February 18th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Kellanova presently has a consensus rating of “Hold” and an average target price 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.