Vise Technologies Inc. Invests $1.18 Million in Kellanova $K

Vise Technologies Inc. acquired a new stake in shares of Kellanova (NYSE:K) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,770 shares of the company’s stock, valued at approximately $1,175,000.

Several other large investors have also made changes to their positions in the company. Financial Network Wealth Advisors LLC bought a new position in Kellanova in the 1st quarter worth approximately $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Kellanova in the second quarter valued at about $45,000. Dagco Inc. bought a new stake in shares of Kellanova during the first quarter worth approximately $49,000. Cypress Capital Management LLC WY bought a new position in Kellanova in the 1st quarter valued at about $54,000. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Kellanova by 32.7% during the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock worth $57,000 after buying an additional 177 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on K shares. Weiss Ratings cut Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen raised shares of Kellanova from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, JPMorgan Chase & Co. began coverage on Kellanova in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $83.50 price objective for the company. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kellanova has a consensus rating of “Hold” and a consensus target price of $83.50.

Insider Transactions at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,599 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $79.55, for a total value of $9,116,350.45. Following the sale, the insider directly owned 45,097,438 shares in the company, valued at approximately $3,587,501,192.90. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Kellanova Stock Performance

K traded up $0.07 during midday trading on Thursday, reaching $83.39. The company had a trading volume of 49,510 shares, compared to its average volume of 2,903,336. The company has a market cap of $29.01 billion, a P/E ratio of 21.89, a P/E/G ratio of 5.16 and a beta of 0.23. Kellanova has a 1 year low of $76.48 and a 1 year high of $83.45. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 1.03. The business has a 50-day moving average of $81.44 and a two-hundred day moving average of $80.90.

Kellanova (NYSE:K) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Kellanova had a return on equity of 32.54% and a net margin of 10.56%.The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. As a group, equities research analysts predict that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.58 per share. The ex-dividend date is Monday, December 1st. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.8%. Kellanova’s dividend payout ratio (DPR) is currently 63.74%.

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.