ASR Vermogensbeheer N.V. Acquires 3,179 Shares of Kellanova $K

ASR Vermogensbeheer N.V. grew its stake in shares of Kellanova (NYSE:K) by 5.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 61,965 shares of the company’s stock after purchasing an additional 3,179 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Kellanova were worth $4,928,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HB Wealth Management LLC grew its holdings in Kellanova by 17.7% during the second quarter. HB Wealth Management LLC now owns 8,340 shares of the company’s stock worth $663,000 after buying an additional 1,252 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Kellanova by 12.4% in the 2nd quarter. V Square Quantitative Management LLC now owns 8,174 shares of the company’s stock worth $650,000 after acquiring an additional 901 shares in the last quarter. Signaturefd LLC grew its stake in shares of Kellanova by 6.8% in the 2nd quarter. Signaturefd LLC now owns 9,554 shares of the company’s stock worth $760,000 after acquiring an additional 610 shares in the last quarter. Patton Fund Management Inc. bought a new stake in shares of Kellanova in the 2nd quarter worth $212,000. Finally, ST Germain D J Co. Inc. grew its stake in shares of Kellanova by 114.3% in the 2nd quarter. ST Germain D J Co. Inc. now owns 750 shares of the company’s stock worth $60,000 after acquiring an additional 400 shares in the last quarter. 83.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on K shares. JPMorgan Chase & Co. started coverage on shares of Kellanova in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $83.50 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kellanova in a report on Saturday, September 27th. Finally, Wall Street Zen lowered Kellanova from a “hold” rating to a “sell” rating in a report on Sunday, September 21st. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $83.38.

Insiders Place Their Bets

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,599 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $79.55, for a total transaction of $9,116,350.45. Following the completion of the transaction, the insider owned 45,097,438 shares in the company, valued at $3,587,501,192.90. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 802,097 shares of company stock worth $63,999,316 in the last three months. 1.80% of the stock is owned by company insiders.

Kellanova Stock Up 0.1%

Kellanova stock opened at $82.72 on Friday. The firm has a 50 day moving average price of $79.66 and a 200-day moving average price of $80.78. Kellanova has a twelve month low of $76.48 and a twelve month high of $83.22. The company has a market capitalization of $28.76 billion, a P/E ratio of 21.71, a P/E/G ratio of 5.15 and a beta of 0.24. 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 quarterly earnings data on Thursday, July 31st. The company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.05). Kellanova had a net margin of 10.56% and a return on equity of 32.54%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the company posted $1.01 earnings per share. Kellanova’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Kellanova’s previous quarterly dividend of $0.57. Kellanova’s dividend payout ratio is currently 60.89%.

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.