Assetmark Inc. Has $365,000 Stock Position in Kellanova (NYSE:K)

Assetmark Inc. lifted its holdings in Kellanova (NYSE:K) by 613.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,504 shares of the company’s stock after purchasing an additional 3,873 shares during the period. Assetmark Inc.’s holdings in Kellanova were worth $365,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of K. Investors Research Corp raised its holdings in Kellanova by 1.0% in the 3rd quarter. Investors Research Corp now owns 12,991 shares of the company’s stock worth $1,049,000 after acquiring an additional 125 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Kellanova by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,091 shares of the company’s stock worth $1,870,000 after purchasing an additional 130 shares during the period. Quent Capital LLC lifted its position in shares of Kellanova by 20.2% during the 4th quarter. Quent Capital LLC now owns 833 shares of the company’s stock worth $67,000 after purchasing an additional 140 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Kellanova by 1.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock worth $690,000 after purchasing an additional 145 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Kellanova by 0.7% during the 4th quarter. CENTRAL TRUST Co now owns 22,480 shares of the company’s stock valued at $1,820,000 after purchasing an additional 162 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Kellanova Trading Up 0.1 %

Shares of K opened at $82.29 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. The stock has a market cap of $28.41 billion, a PE ratio of 21.26, a PEG ratio of 4.21 and a beta of 0.31. Kellanova has a 1 year low of $52.46 and a 1 year high of $83.22. The stock has a 50 day simple moving average of $82.00 and a 200-day simple moving average of $81.17.

Kellanova (NYSE:K) last issued its earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating 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%. On average, sell-side analysts predict that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The firm 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 $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Monday, March 3rd. Kellanova’s dividend payout ratio is currently 58.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on K. Royal Bank of Canada upgraded Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target for the company in a report on Tuesday, February 18th. StockNews.com initiated coverage on shares of Kellanova in a research note on Wednesday. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $77.96.

Insider Transactions at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $80.64, for a total transaction of $9,239,973.12. Following the completion of the sale, the insider now owns 48,878,693 shares in the company, valued at $3,941,577,803.52. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 1,145,830 shares of company stock worth $93,673,894. Insiders own 1.80% of the company’s stock.

Kellanova 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.