Quest Companions LLC grew its place in Kellanova (NYSE:Ok – Free Report) by 138.9% throughout the second quarter, in response to its most up-to-date Kind 13F submitting with the SEC. The agency owned 27,909 shares of the corporate’s inventory after buying a further 16,225 shares throughout the interval. Quest Companions LLC’s holdings in Kellanova have been price $1,610,000 on the finish of the latest quarter.
Different hedge funds have additionally modified their holdings of the corporate. Norges Financial institution bought a brand new stake in shares of Kellanova within the fourth quarter price about $150,184,000. Vanguard Group Inc. boosted its place in Kellanova by 3.6% throughout the fourth quarter. Vanguard Group Inc. now owns 32,150,331 shares of the corporate’s inventory price $1,797,525,000 after buying a further 1,130,582 shares within the final quarter. Boston Companions boosted its place in Kellanova by 117.1% throughout the first quarter. Boston Companions now owns 1,278,079 shares of the corporate’s inventory price $73,221,000 after buying a further 689,395 shares within the final quarter. Beutel Goodman & Co Ltd. boosted its place in Kellanova by 15.5% throughout the fourth quarter. Beutel Goodman & Co Ltd. now owns 4,891,869 shares of the corporate’s inventory price $273,504,000 after buying a further 655,686 shares within the final quarter. Lastly, Clearbridge Investments LLC bought a brand new place in Kellanova throughout the fourth quarter price roughly $35,372,000. 83.87% of the inventory is owned by institutional buyers and hedge funds.
Kellanova Inventory Up 0.1 %
Shares of NYSE Ok opened at $80.19 on Tuesday. The enterprise has a 50-day transferring common of $68.08 and a two-hundred day transferring common of $61.47. The corporate has a debt-to-equity ratio of 1.46, a present ratio of 0.73 and a fast ratio of 0.48. Kellanova has a 1 12 months low of $47.63 and a 1 12 months excessive of $80.97. The corporate has a market capitalization of $27.45 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of two.57 and a beta of 0.38.
Kellanova (NYSE:Ok – Get Free Report) final posted its earnings outcomes on Thursday, August 1st. The corporate reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.11. Kellanova had a return on fairness of 36.74% and a internet margin of 6.72%. The enterprise had income of $3.19 billion for the quarter, in comparison with analysts’ expectations of $3.15 billion. Throughout the identical quarter within the earlier 12 months, the agency earned $1.25 earnings per share. The enterprise’s income was down 4.7% in comparison with the identical quarter final 12 months. On common, analysts forecast that Kellanova will publish 3.7 earnings per share for the present fiscal 12 months.
Kellanova Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which will probably be paid on Friday, September thirteenth. Traders of file on Tuesday, September third will probably be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of two.84%. The ex-dividend date of this dividend is Tuesday, September third. It is a increase from Kellanova’s earlier quarterly dividend of $0.56. Kellanova’s payout ratio is 85.39%.
Insider Exercise at Kellanova
In associated information, main shareholder Kellogg W. Ok. Basis Belief offered 77,800 shares of the enterprise’s inventory in a transaction dated Friday, June 14th. The inventory was offered at a median worth of $57.89, for a complete worth of $4,503,842.00. Following the transaction, the insider now owns 51,375,438 shares within the firm, valued at roughly $2,974,124,105.82. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible via this hyperlink. In different Kellanova information, main shareholder Kellogg W. Ok. Basis Belief offered 114,583 shares of the enterprise’s inventory in a transaction that occurred on Monday, September ninth. The inventory was offered at a median worth of $80.25, for a complete transaction of $9,195,285.75. Following the transaction, the insider now owns 50,482,855 shares within the firm, valued at roughly $4,051,249,113.75. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible via the SEC web site. Additionally, main shareholder Kellogg W. Ok. Basis Belief offered 77,800 shares of the enterprise’s inventory in a transaction that occurred on Friday, June 14th. The inventory was offered at a median worth of $57.89, for a complete worth of $4,503,842.00. Following the transaction, the insider now owns 51,375,438 shares within the firm, valued at roughly $2,974,124,105.82. The disclosure for this sale may be discovered right here. Insiders have offered 970,383 shares of firm inventory price $64,858,852 within the final quarter. Firm insiders personal 1.80% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Various brokerages have issued reviews on Ok. Barclays elevated their worth goal on Kellanova from $67.00 to $83.00 and gave the inventory an “equal weight” ranking in a analysis report on Thursday, August fifteenth. Deutsche Financial institution Aktiengesellschaft elevated their worth goal on Kellanova from $76.00 to $83.50 and gave the inventory a “maintain” ranking in a analysis report on Thursday, August fifteenth. Financial institution of America upgraded Kellanova from a “impartial” ranking to a “purchase” ranking and elevated their worth goal for the inventory from $62.00 to $70.00 in a analysis report on Friday, August 2nd. JPMorgan Chase & Co. raised their goal worth on Kellanova from $66.00 to $69.00 and gave the corporate a “impartial” ranking in a analysis report on Friday, August 2nd. Lastly, Evercore ISI upgraded Kellanova to a “maintain” ranking in a analysis report on Friday, August 2nd. Fourteen funding analysts have rated the inventory with a maintain ranking and two have given a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, Kellanova presently has a consensus ranking of “Maintain” and a median goal worth of $74.32.
Learn Our Newest Inventory Report on Kellanova
Kellanova Profile
Kellanova, along with its subsidiaries, manufactures and markets snacks and comfort meals in North America, Europe, Latin America, the Asia Pacific, the Center East, Australia, and Africa. Its principal merchandise embody crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie meals, and noodles.
Featured Tales
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