Sather Financial Group Inc Purchases Shares of 193,433 Kellanova $K

Sather Financial Group Inc purchased a new stake in Kellanova (NYSE:K) in the 3rd quarter, HoldingsChannel reports. The fund purchased 193,433 shares of the company’s stock, valued at approximately $15,865,000. Kellanova makes up 0.9% of Sather Financial Group Inc’s holdings, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cigna Investments Inc. New increased its position in Kellanova by 5.3% during the 2nd quarter. Cigna Investments Inc. New now owns 2,797 shares of the company’s stock valued at $222,000 after purchasing an additional 141 shares during the period. Ethic Inc. boosted its stake in shares of Kellanova by 0.9% in the 2nd quarter. Ethic Inc. now owns 17,216 shares of the company’s stock valued at $1,360,000 after purchasing an additional 150 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in Kellanova by 2.2% during the second quarter. J.W. Cole Advisors Inc. now owns 7,125 shares of the company’s stock worth $567,000 after buying an additional 150 shares during the last quarter. West Family Investments Inc. lifted its holdings in Kellanova by 2.5% in the second quarter. West Family Investments Inc. now owns 6,369 shares of the company’s stock valued at $507,000 after buying an additional 155 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its position in Kellanova by 32.7% during the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock valued at $57,000 after acquiring an additional 177 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Kellanova Price Performance

K stock opened at $83.44 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $29.03 billion, a PE ratio of 22.92, a P/E/G ratio of 11.61 and a beta of 0.23. The stock’s 50 day moving average is $83.36 and its 200-day moving average is $81.33. Kellanova has a twelve month low of $76.48 and a twelve month high of $83.65.

Kellanova (NYSE:K) last posted its earnings results on Thursday, October 30th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Kellanova had a net margin of 10.08% and a return on equity of 31.73%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Sell-side analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, December 1st. Kellanova’s dividend payout ratio (DPR) is 63.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on K shares. Wall Street Zen raised Kellanova from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings downgraded Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Kellanova presently has an average rating of “Hold” and a consensus price target of $83.50.

About Kellanova

Kellanova (NYSE: K) is a global consumer foods company formed from the reorganization of the historic Kellogg business. The company focuses on the manufacture, marketing and distribution of packaged food products across several categories, with an emphasis on snacks, ready-to-eat cereals, frozen breakfast and other convenience foods. Kellanova’s operations draw on a long consumer-brands heritage and a portfolio designed to reach everyday retail and snack occasions around the world.

Kellanova’s activities include product development, manufacturing, marketing and global supply-chain management for branded food products.