Nicolas Amaya Sells 9,800 Shares of Kellanova (NYSE:K) Stock

Kellanova (NYSE:K) SVP Nicolas Amaya sold 9,800 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $60.05, for a total transaction of $588,490.00. Following the completion of the transaction, the senior vice president now owns 26,191 shares in the company, valued at $1,572,769.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kellanova Trading Up 1.1 %

Shares of Kellanova stock opened at $62.33 on Thursday. Kellanova has a 12-month low of $47.63 and a 12-month high of $71.53. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.34. The business’s 50 day moving average is $56.42 and its 200-day moving average is $54.80. The stock has a market cap of $21.31 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.32 and a beta of 0.39.

Kellanova (NYSE:K) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a net margin of 6.41% and a return on equity of 37.07%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. Equities research analysts predict that Kellanova will post 3.58 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a $0.56 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.24 annualized dividend and a yield of 3.59%. Kellanova’s dividend payout ratio is 83.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Kellanova by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 32,150,331 shares of the company’s stock valued at $1,797,525,000 after acquiring an additional 1,130,582 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Kellanova by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,657,709 shares of the company’s stock valued at $316,323,000 after purchasing an additional 98,294 shares during the period. Invesco Ltd. increased its position in Kellanova by 29.4% during the 3rd quarter. Invesco Ltd. now owns 4,990,266 shares of the company’s stock worth $296,971,000 after buying an additional 1,132,485 shares during the period. Beutel Goodman & Co Ltd. lifted its holdings in shares of Kellanova by 15.5% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,891,869 shares of the company’s stock worth $273,504,000 after buying an additional 655,686 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Kellanova by 27.4% in the third quarter. Van ECK Associates Corp now owns 4,890,952 shares of the company’s stock valued at $291,061,000 after acquiring an additional 1,051,922 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on K. StockNews.com downgraded Kellanova from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. DA Davidson assumed coverage on Kellanova in a research note on Friday, March 1st. They issued a “buy” rating and a $67.00 target price on the stock. Barclays boosted their target price on Kellanova from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of Kellanova from $56.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, Citigroup began coverage on shares of Kellanova in a report on Thursday, February 1st. They set a “neutral” rating and a $57.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Kellanova currently has an average rating of “Hold” and a consensus price target of $61.46.

About Kellanova

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.