SBI Securities Co. Ltd. Purchases Shares of 4,206 Kellanova (NYSE:K)

SBI Securities Co. Ltd. purchased a new stake in Kellanova (NYSE:K) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,206 shares of the company’s stock, valued at approximately $341,000.

Other large investors also recently made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new stake in shares of Kellanova in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new position in shares of Kellanova during the fourth quarter valued at approximately $28,000. First Horizon Advisors Inc. increased its stake in shares of Kellanova by 64.8% during the fourth quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock valued at $36,000 after acquiring an additional 173 shares during the period. Sherman Asset Management Inc. bought a new stake in Kellanova during the fourth quarter worth approximately $43,000. Finally, Assetmark Inc. boosted its holdings in Kellanova by 26.2% during the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after buying an additional 131 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 brokerages recently weighed in on K. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price for the company in a report on Tuesday, February 18th. StockNews.com began coverage on shares of Kellanova in a report on Tuesday. They set a “hold” rating for the company. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.96.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $80.64, for a total value of $9,239,973.12. Following the sale, the insider now directly owns 48,878,693 shares in the company, valued at $3,941,577,803.52. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 1,145,830 shares of company stock worth $93,461,916 in the last ninety days. Insiders own 1.80% of the company’s stock.

Kellanova Stock Up 0.0 %

K stock opened at $82.37 on Thursday. Kellanova has a 12-month low of $52.46 and a 12-month high of $83.22. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The company has a market cap of $28.43 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 4.21 and a beta of 0.37. The company has a 50 day moving average of $81.87 and a two-hundred day moving average of $81.10.

Kellanova (NYSE:K) last released 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 net margin of 10.53% and a return on equity of 37.25%. On average, equities analysts anticipate that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 2.77%. Kellanova’s dividend payout ratio is 58.91%.

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.