Generali Investments CEE investicni spolecnost a.s. Invests $227,000 in Kellanova (NYSE:K)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in Kellanova (NYSE:K) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,800 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Kellanova by 6.9% in the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company’s stock worth $30,169,000 after purchasing an additional 24,067 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Kellanova in the third quarter worth $55,000. Assetmark Inc. boosted its holdings in Kellanova by 26.2% in the third quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after purchasing an additional 131 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Kellanova in the third quarter worth $78,000. Finally, Wolverine Asset Management LLC bought a new stake in Kellanova in the third quarter worth $1,815,000. 83.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price objective for the company in a report on Tuesday, February 18th. StockNews.com assumed coverage on shares of Kellanova in a report on Tuesday, March 4th. They set a “hold” rating for the company. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $77.96.

Kellanova Stock Up 0.0 %

NYSE K opened at $82.45 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. The firm has a 50-day simple moving average of $81.92 and a 200 day simple moving average of $81.14. Kellanova has a twelve month low of $52.46 and a twelve month high of $83.22. The stock has a market cap of $28.46 billion, a PE ratio of 21.31, a PEG ratio of 4.21 and a beta of 0.31.

Kellanova (NYSE:K) last released its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%. On average, research analysts forecast that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 3rd. Kellanova’s payout ratio is presently 58.91%.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $82.55, for a total transaction of $9,458,826.65. Following the completion of the transaction, the insider now owns 47,732,863 shares in the company, valued at $3,940,347,840.65. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 1,145,830 shares of company stock worth $93,673,894. Company insiders own 1.80% of the company’s stock.

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.