Kellanova $K Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in shares of Kellanova (NYSE:K) by 38.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,682 shares of the company’s stock after selling 60,127 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Kellanova were worth $7,530,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Network Wealth Advisors LLC bought a new position in Kellanova during the 1st quarter valued at $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Kellanova in the 2nd quarter valued at about $45,000. Dagco Inc. bought a new position in shares of Kellanova during the first quarter worth about $49,000. Capital Advisors Ltd. LLC grew its stake in Kellanova by 32.7% in the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock worth $57,000 after purchasing an additional 177 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its holdings in Kellanova by 114.3% in the second quarter. ST Germain D J Co. Inc. now owns 750 shares of the company’s stock valued at $60,000 after buying an additional 400 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings lowered Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. began coverage on shares of Kellanova in a report on Wednesday, August 20th. They issued a “neutral” rating and a $83.50 price objective for the company. Finally, Wall Street Zen upgraded shares of Kellanova from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $83.50.

Kellanova Trading Up 0.2%

Kellanova stock opened at $83.81 on Friday. The firm has a 50-day moving average price of $82.49 and a two-hundred day moving average price of $80.98. Kellanova has a 52-week low of $76.48 and a 52-week high of $83.65. The firm has a market capitalization of $29.16 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 5.16 and a beta of 0.23. The company has a quick ratio of 0.45, a current ratio of 0.68 and a debt-to-equity ratio of 1.03.

Kellanova (NYSE:K) last announced its 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. Kellanova had a return on equity of 32.54% and a net margin of 10.56%.The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts expect that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 1st. Kellanova’s dividend payout ratio is currently 63.74%.

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.