Kellanova (NYSE:K) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Kellanova (NYSE:K) in a research report released on Monday. The firm issued a hold rating on the stock.

A number of other analysts also recently issued reports on K. BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective for the company. in a report on Friday, November 1st. Royal Bank of Canada raised Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective on the stock in a report on Tuesday, February 18th. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.96.

Kellanova Trading Up 0.1 %

Shares of K stock opened at $82.71 on Monday. The stock has a market capitalization of $28.51 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 4.21 and a beta of 0.37. The company’s fifty day simple moving average is $81.59 and its two-hundred day simple moving average is $80.83. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56.

Kellanova (NYSE:K) last posted its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.76%. Kellanova’s dividend payout ratio (DPR) is presently 58.91%.

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $80.70, for a total value of $9,246,848.10. Following the completion of the transaction, the insider now owns 49,107,859 shares in the company, valued at $3,963,004,221.30. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 1,145,830 shares of company stock valued at $93,291,187. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kellanova

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stonebridge Financial Group LLC purchased a new stake in shares of Kellanova in the fourth quarter worth $27,000. BankPlus Trust Department bought a new stake in Kellanova during the 4th quarter valued at about $28,000. Rialto Wealth Management LLC purchased a new stake in shares of Kellanova during the fourth quarter valued at approximately $32,000. Flagship Wealth Advisors LLC bought a new stake in shares of Kellanova during the fourth quarter valued at approximately $32,000. Finally, First Horizon Advisors Inc. raised its holdings in Kellanova by 64.8% in the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock worth $36,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

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.