Kellanova (NYSE:K - Get Free Report) SVP Nicolas Amaya sold 9,800 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $60.05, for a total transaction of $588,490.00. Following the completion of the transaction, the senior vice president now directly owns 26,191 shares in the company, valued at $1,572,769.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kellanova Price Performance
K stock opened at $61.64 on Wednesday. The stock has a 50-day moving average price of $56.42 and a two-hundred day moving average price of $54.80. Kellanova has a 1 year low of $47.63 and a 1 year high of $71.53. The stock has a market cap of $21.07 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.32 and a beta of 0.39. The company has a current ratio of 0.62, a quick ratio of 0.41 and a debt-to-equity ratio of 1.34.
Kellanova (NYSE:K - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.16. Kellanova had a return on equity of 37.07% and a net margin of 6.41%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the company earned $1.10 earnings per share. Kellanova's quarterly revenue was down 4.2% on a year-over-year basis. Equities analysts forecast that Kellanova will post 3.58 EPS for the current fiscal year.
Kellanova Dividend Announcement
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Monday, June 3rd. Kellanova's dividend payout ratio is presently 83.90%.
Wall Street Analyst Weigh In
K has been the subject of a number of analyst reports. Citigroup began coverage on Kellanova in a research note on Thursday, February 1st. They set a "neutral" rating and a $57.00 price objective for the company. DA Davidson started coverage on Kellanova in a research report on Friday, March 1st. They set a "buy" rating and a $67.00 target price for the company. StockNews.com downgraded shares of Kellanova from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Piper Sandler boosted their price objective on shares of Kellanova from $59.00 to $60.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Finally, Stifel Nicolaus increased their target price on shares of Kellanova from $56.00 to $58.00 and gave the stock a "hold" rating in a report on Thursday, January 25th. Twelve investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Kellanova presently has a consensus rating of "Hold" and an average price target of $61.46.
Check Out Our Latest Analysis on Kellanova
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Oakworth Capital Inc. raised its stake in shares of Kellanova by 491.3% during the 3rd quarter. Oakworth Capital Inc. now owns 473 shares of the company's stock worth $28,000 after purchasing an additional 393 shares in the last quarter. Bfsg LLC increased its holdings in Kellanova by 64.5% during the first quarter. Bfsg LLC now owns 510 shares of the company's stock worth $29,000 after buying an additional 200 shares during the last quarter. Baker Avenue Asset Management LP raised its position in Kellanova by 205.4% during the third quarter. Baker Avenue Asset Management LP now owns 507 shares of the company's stock worth $30,000 after acquiring an additional 341 shares in the last quarter. BNP Paribas acquired a new stake in Kellanova in the first quarter valued at $30,000. Finally, Motco grew its position in shares of Kellanova by 757.6% in the 4th quarter. Motco now owns 566 shares of the company's stock valued at $32,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 83.87% of the company's stock.
About Kellanova
(
Get Free Report)
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.
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