Sage Capital Advisors llc Has $821,000 Stock Holdings in Kellanova (NYSE:K)

Sage Capital Advisors llc cut its holdings in Kellanova (NYSE:K) by 33.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,143 shares of the company’s stock after selling 5,000 shares during the quarter. Sage Capital Advisors llc’s holdings in Kellanova were worth $821,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of K. State Street Corp boosted its stake in Kellanova by 5.2% during the 3rd quarter. State Street Corp now owns 14,725,420 shares of the company’s stock valued at $1,188,489,000 after purchasing an additional 731,273 shares during the period. Geode Capital Management LLC increased its position in Kellanova by 3.0% during the third quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after acquiring an additional 196,564 shares during the period. Dimensional Fund Advisors LP raised its stake in Kellanova by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,616,312 shares of the company’s stock valued at $150,909,000 after purchasing an additional 277,171 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Kellanova by 766.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,881,625 shares of the company’s stock valued at $108,532,000 after purchasing an additional 1,664,461 shares during the period. Finally, Barclays PLC lifted 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 valued at $145,309,000 after buying an additional 1,033,383 shares during the period. 83.87% of the stock is owned by institutional investors and hedge funds.

Kellanova Stock Down 0.1 %

K stock traded down $0.12 during mid-day trading on Friday, hitting $81.42. 745,714 shares of the company were exchanged, compared to its average volume of 1,737,256. The firm has a market cap of $28.07 billion, a P/E ratio of 27.98, a P/E/G ratio of 2.59 and a beta of 0.37. Kellanova has a 1-year low of $52.46 and a 1-year high of $81.58. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The firm’s 50 day simple moving average is $80.87 and its 200 day simple moving average is $75.54.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. On average, sell-side analysts predict that Kellanova will post 3.74 EPS for the current fiscal year.

Kellanova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Monday, December 2nd. Kellanova’s dividend payout ratio is presently 78.35%.

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $81.28, for a total transaction of $9,313,306.24. Following the sale, the insider now owns 48,649,527 shares in the company, valued at $3,954,233,554.56. This represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 1,031,247 shares of company stock worth $83,418,716. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on K shares. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Friday, November 1st. Argus cut Kellanova from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, StockNews.com initiated coverage on shares of Kellanova in a report on Tuesday. They set a “hold” rating for the company. Fifteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Kellanova has an average rating of “Hold” and a consensus price target of $76.35.

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.