HM Payson & Co. Has $254,000 Stock Holdings in Kellanova (NYSE:K)

HM Payson & Co. decreased its stake in shares of Kellanova (NYSE:K) by 15.5% during the 4th quarter, Holdings Channel reports. The firm owned 3,137 shares of the company’s stock after selling 577 shares during the period. HM Payson & Co.’s holdings in Kellanova were worth $254,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Kellanova by 5.2% in 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 buying an additional 196,564 shares during the last quarter. Barclays PLC raised its stake in 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. Charles Schwab Investment Management Inc. lifted its position in shares of Kellanova by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,680,912 shares of the company’s stock valued at $136,103,000 after buying an additional 50,303 shares during the last quarter. Finally, Ilex Capital Partners UK LLP boosted its stake in shares of Kellanova by 63.8% during the 3rd quarter. Ilex Capital Partners UK LLP now owns 1,624,222 shares of the company’s stock worth $131,091,000 after acquiring an additional 632,510 shares during the period. Institutional investors and hedge funds own 83.87% of the company’s stock.

Kellanova Trading Up 0.0 %

K stock opened at $82.45 on Monday. Kellanova has a 52 week low of $52.46 and a 52 week high of $83.22. The company has a market capitalization of $28.46 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. The company’s 50-day simple moving average is $81.92 and its 200 day simple moving average is $81.14. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81.

Kellanova (NYSE:K) last announced its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts anticipate that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. Kellanova’s dividend payout ratio (DPR) is presently 58.91%.

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $80.85, for a total transaction of $9,264,035.55. Following the sale, the insider now owns 48,764,110 shares in the company, valued at approximately $3,942,578,293.50. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 1,145,830 shares of company stock valued at $93,673,894 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target on the stock in a research note on Tuesday, February 18th. StockNews.com started coverage on shares of Kellanova in a research report on Tuesday, March 4th. They issued a “hold” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.96.

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.