U.S. Capital Wealth Advisors LLC Has $12.08 Million Stock Holdings in Kellanova $K

U.S. Capital Wealth Advisors LLC reduced its position in shares of Kellanova (NYSE:K) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 147,232 shares of the company’s stock after selling 39,409 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Kellanova were worth $12,076,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Kellanova during the second quarter valued at approximately $45,000. CYBER HORNET ETFs LLC bought a new stake in Kellanova during the 2nd quarter valued at $55,000. Capital Advisors Ltd. LLC increased its stake in Kellanova by 32.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock valued at $57,000 after purchasing an additional 177 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in Kellanova during the second quarter worth $59,000. Finally, ST Germain D J Co. Inc. lifted its stake in shares of 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 in the last quarter. Institutional investors own 83.87% of the company’s stock.

Kellanova Stock Performance

NYSE:K opened at $83.44 on Friday. Kellanova has a 52 week low of $76.48 and a 52 week high of $83.65. The firm has a 50-day moving average price of $83.25 and a two-hundred day moving average price of $81.09. The firm has a market cap of $29.03 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 11.61 and a beta of 0.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.44 and a current ratio of 0.68.

Kellanova (NYSE:K) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. Kellanova had a return on equity of 31.73% and a net margin of 10.08%.Kellanova’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. On average, equities analysts expect that Kellanova will post 3.93 earnings per share for the current fiscal year.

Kellanova Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on K. Weiss Ratings downgraded shares of Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Wall Street Zen upgraded Kellanova from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, Kellanova has an average rating of “Hold” and a consensus price target of $83.50.

About Kellanova

Kellanova (NYSE: K) is a global consumer foods company formed from the reorganization of the historic Kellogg business. The company focuses on the manufacture, marketing and distribution of packaged food products across several categories, with an emphasis on snacks, ready-to-eat cereals, frozen breakfast and other convenience foods. Kellanova’s operations draw on a long consumer-brands heritage and a portfolio designed to reach everyday retail and snack occasions around the world.

Kellanova’s activities include product development, manufacturing, marketing and global supply-chain management for branded food products.