Kellanova (NYSE:K) Position Boosted by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its holdings in shares of Kellanova (NYSE:K) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,744 shares of the company’s stock after acquiring an additional 166,751 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.20% of Kellanova worth $56,658,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its holdings in Kellanova by 134.7% in the 3rd 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 last quarter. Bard Financial Services Inc. acquired a new stake in Kellanova in the 3rd quarter worth approximately $272,000. Virtu Financial LLC acquired a new stake in Kellanova in the 3rd quarter worth approximately $374,000. Wilmington Savings Fund Society FSB acquired a new stake in Kellanova in the 3rd quarter worth approximately $210,000. Finally, Peapack Gladstone Financial Corp lifted its holdings in shares of Kellanova by 0.6% during the third quarter. Peapack Gladstone Financial Corp now owns 81,629 shares of the company’s stock worth $6,587,000 after buying an additional 507 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $82.03, for a total value of $9,399,243.49. Following the completion of the transaction, the insider now directly owns 47,274,531 shares of the company’s stock, valued at approximately $3,877,929,777.93. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 1,260,413 shares of company stock valued at $103,801,886. Insiders own 1.80% of the company’s stock.

Kellanova Stock Performance

Shares of NYSE:K opened at $82.43 on Tuesday. The business’s fifty day moving average price is $82.39 and its two-hundred day moving average price is $81.61. Kellanova has a fifty-two week low of $55.96 and a fifty-two week high of $83.22. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 4.21 and a beta of 0.34. 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 announced its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. As a group, analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova’s payout ratio is presently 58.91%.

Analysts Set New Price Targets

A number of research analysts have recently commented on K shares. Royal Bank of Canada lowered Kellanova from a “moderate buy” rating to a “hold” rating in a report on Friday, March 14th. StockNews.com started coverage on Kellanova in a report on Monday, April 21st. They set a “buy” rating for the company. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.96.

Kellanova 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.