Kellanova (NYSE:K) Stock Holdings Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in shares of Kellanova (NYSE:K) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 117,899 shares of the company’s stock after buying an additional 592 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Kellanova were worth $9,546,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of K. Vanguard Group Inc. raised its holdings in Kellanova by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 32,435,744 shares of the company’s stock worth $2,626,322,000 after buying an additional 281,137 shares during the period. State Street Corp lifted its position 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 acquiring an additional 731,273 shares in the last quarter. Geode Capital Management LLC boosted its stake in Kellanova by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 6,725,532 shares of the company’s stock worth $541,052,000 after purchasing an additional 196,564 shares during the period. Norges Bank purchased a new position in Kellanova during the 4th quarter worth approximately $285,126,000. Finally, Barclays PLC raised its stake in Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company’s stock valued at $145,309,000 after purchasing an additional 1,033,383 shares during the period. Institutional investors own 83.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on K. StockNews.com initiated coverage on Kellanova in a research report on Friday. They issued a “hold” rating for the company. Royal Bank of Canada lowered Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. Fourteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Kellanova has a consensus rating of “Hold” and a consensus price target of $77.96.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Friday, March 28th. The shares were sold at an average price of $82.44, for a total value of $9,446,222.52. Following the transaction, the insider now owns 47,389,114 shares in the company, valued at $3,906,758,558.16. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 1,260,413 shares of company stock worth $103,473,032. 1.80% of the stock is currently owned by insiders.

Kellanova Price Performance

Shares of K opened at $82.43 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The firm has a market cap of $28.45 billion, a PE ratio of 21.30, a PEG ratio of 4.21 and a beta of 0.31. The firm’s 50 day moving average price is $82.24 and its 200 day moving average price is $81.34. Kellanova has a twelve month low of $55.01 and a twelve month high of $83.22.

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%. As a group, research analysts expect that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, March 3rd. Kellanova’s 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.