Cwm LLC Has $1.69 Million Position in Kellanova $K

Cwm LLC increased its position in shares of Kellanova (NYSE:K) by 44.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,649 shares of the company’s stock after buying an additional 6,361 shares during the quarter. Cwm LLC’s holdings in Kellanova were worth $1,694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Busey Bank acquired a new stake in shares of Kellanova during the 3rd quarter worth approximately $223,000. Iams Wealth Management LLC acquired a new position in shares of Kellanova in the third quarter valued at $218,000. Brookstone Capital Management lifted its position in Kellanova by 4.8% in the third quarter. Brookstone Capital Management now owns 14,767 shares of the company’s stock worth $1,211,000 after purchasing an additional 683 shares during the period. Swedbank AB boosted its stake in Kellanova by 10.8% during the third quarter. Swedbank AB now owns 252,161 shares of the company’s stock worth $20,682,000 after buying an additional 24,645 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Kellanova by 0.6% during the third quarter. IFM Investors Pty Ltd now owns 52,868 shares of the company’s stock worth $4,121,000 after buying an additional 333 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Kellanova Price Performance

Shares of K opened at $83.44 on Monday. The company has a market capitalization of $29.03 billion, a P/E ratio of 22.92, a PEG ratio of 11.61 and a beta of 0.23. Kellanova has a one year low of $76.48 and a one year high of $83.65. The business’s 50 day simple moving average is $83.35 and its 200-day simple moving average is $81.26. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.68 and a quick ratio of 0.44.

Kellanova (NYSE:K) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Kellanova had a return on equity of 31.73% and a net margin of 10.08%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, sell-side analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

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

Kellanova Profile

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.