Cwm LLC Has $473,000 Stock Position in Kellanova (NYSE:K)

Cwm LLC lowered its stake in Kellanova (NYSE:K) by 26.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 8,467 shares of the company’s stock after selling 3,081 shares during the period. Cwm LLC’s holdings in Kellanova were worth $473,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Naples Global Advisors LLC grew its stake in Kellanova by 1.7% in the 4th quarter. Naples Global Advisors LLC now owns 11,696 shares of the company’s stock valued at $654,000 after buying an additional 200 shares during the last quarter. Huntington National Bank grew its position in shares of Kellanova by 1.6% during the 3rd quarter. Huntington National Bank now owns 12,808 shares of the company’s stock worth $762,000 after purchasing an additional 204 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Kellanova by 0.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,836 shares of the company’s stock worth $1,835,000 after purchasing an additional 206 shares in the last quarter. Blue Trust Inc. grew its position in shares of Kellanova by 55.1% during the 4th quarter. Blue Trust Inc. now owns 580 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares in the last quarter. Finally, Kennedy Investment Group grew its position in shares of Kellanova by 1.2% during the 4th quarter. Kennedy Investment Group now owns 18,520 shares of the company’s stock worth $1,035,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Kellanova from $53.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. DA Davidson assumed coverage on shares of Kellanova in a research report on Friday, March 1st. They set a “buy” rating and a $67.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Kellanova from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. StockNews.com downgraded shares of Kellanova from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus upped their price target on shares of Kellanova from $56.00 to $58.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Twelve analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.27.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 77,800 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $53.67, for a total transaction of $4,175,526.00. Following the completion of the transaction, the insider now owns 52,620,238 shares of the company’s stock, valued at $2,824,128,173.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 933,600 shares of company stock valued at $51,891,044 in the last quarter. Insiders own 1.80% of the company’s stock.

Kellanova Price Performance

Shares of NYSE:K opened at $56.98 on Thursday. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.23 and a beta of 0.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.66 and a quick ratio of 0.41. The firm has a 50 day simple moving average of $56.06 and a 200 day simple moving average of $54.47. Kellanova has a one year low of $47.63 and a one year high of $72.30.

Kellanova (NYSE:K) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.07 billion. Kellanova had a net margin of 6.25% and a return on equity of 35.17%. The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 EPS. Research analysts predict that Kellanova will post 3.57 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.93%. The ex-dividend date is Monday, June 3rd. Kellanova’s payout ratio is 81.45%.

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.