Nicolas Amaya Sells 9,800 Shares of Kellanova (NYSE:K) Stock

Kellanova (NYSE:K) SVP Nicolas Amaya sold 9,800 shares of Kellanova stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $60.05, for a total value of $588,490.00. Following the transaction, the senior vice president now directly owns 26,191 shares of the company’s stock, valued at approximately $1,572,769.55. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kellanova Price Performance

Shares of NYSE:K opened at $61.60 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.62 and a debt-to-equity ratio of 1.34. The stock has a market cap of $21.06 billion, a PE ratio of 23.07, a PEG ratio of 2.32 and a beta of 0.39. The company’s fifty day moving average is $56.54 and its 200 day moving average is $54.85. Kellanova has a 52 week low of $47.63 and a 52 week high of $71.19.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, May 2nd. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.85 by $0.16. Kellanova had a return on equity of 37.07% and a net margin of 6.41%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. Research analysts anticipate that Kellanova will post 3.58 earnings per share for the current year.

Kellanova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Monday, June 3rd. Kellanova’s dividend payout ratio is 83.90%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Zhang Financial LLC increased its stake in shares of Kellanova by 0.8% during the first quarter. Zhang Financial LLC now owns 21,318 shares of the company’s stock valued at $1,221,000 after buying an additional 176 shares during the period. Naples Global Advisors LLC raised its holdings in Kellanova by 1.7% in the 4th quarter. Naples Global Advisors LLC now owns 11,696 shares of the company’s stock worth $654,000 after purchasing an additional 200 shares in the last quarter. Bfsg LLC lifted its position in shares of Kellanova by 64.5% in the 1st quarter. Bfsg LLC now owns 510 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Huntington National Bank boosted its stake in shares of Kellanova by 1.6% during the 3rd quarter. Huntington National Bank now owns 12,808 shares of the company’s stock valued at $762,000 after purchasing an additional 204 shares in the last quarter. Finally, Financial Advisors Network Inc. increased its position in shares of Kellanova by 4.2% during the fourth quarter. Financial Advisors Network Inc. now owns 5,040 shares of the company’s stock valued at $282,000 after buying an additional 204 shares during the period. 83.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on K shares. StockNews.com lowered shares of Kellanova from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Stifel Nicolaus increased their price objective on Kellanova from $56.00 to $58.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Barclays boosted their target price on Kellanova from $60.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Monday. TD Cowen lifted their price target on Kellanova from $57.00 to $62.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, Citigroup started coverage on shares of Kellanova in a research report on Thursday, February 1st. They issued a “neutral” rating and a $57.00 price objective on the stock. Twelve investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.85.

About Kellanova

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.