Aaron Wealth Advisors LLC Has $600,000 Stock Holdings in Kellanova (NYSE:K)

Aaron Wealth Advisors LLC grew its stake in shares of Kellanova (NYSE:K) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,413 shares of the company’s stock after acquiring an additional 194 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Kellanova were worth $600,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Investors Research Corp lifted its position in Kellanova by 1.0% during the third quarter. Investors Research Corp now owns 12,991 shares of the company’s stock worth $1,049,000 after purchasing an additional 125 shares during the period. Assetmark Inc. raised its position in shares of Kellanova by 26.2% in the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock valued at $51,000 after buying an additional 131 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Kellanova by 48.8% during the 3rd quarter. MCF Advisors LLC now owns 418 shares of the company’s stock worth $34,000 after acquiring an additional 137 shares during the period. S.A. Mason LLC boosted its position in shares of Kellanova by 7.6% during the 3rd quarter. S.A. Mason LLC now owns 1,987 shares of the company’s stock worth $160,000 after acquiring an additional 140 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Kellanova by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 8,502 shares of the company’s stock valued at $690,000 after acquiring an additional 145 shares during the last quarter. 83.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $81.42, for a total value of $9,329,347.86. Following the completion of the sale, the insider now owns 48,534,944 shares in the company, valued at $3,951,715,140.48. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 916,664 shares of company stock worth $74,232,597 over the last quarter. Company insiders own 1.80% of the company’s stock.

Kellanova Stock Up 0.2 %

Shares of NYSE:K opened at $81.73 on Monday. The firm has a market cap of $28.17 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.49 and a beta of 0.37. Kellanova has a 12-month low of $52.46 and a 12-month high of $81.79. The business has a fifty day simple moving average of $80.95 and a 200 day simple moving average of $76.54. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34.

Kellanova (NYSE:K) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.16 billion. Kellanova had a return on equity of 37.05% and a net margin of 7.85%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Analysts predict that Kellanova will post 3.75 earnings per share for the current year.

Kellanova Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, December 2nd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, December 2nd. Kellanova’s dividend payout ratio is presently 78.35%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on K shares. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Friday, November 1st. StockNews.com began coverage on Kellanova in a research note on Wednesday, January 15th. They issued a “hold” rating on the stock. Finally, Argus downgraded Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Fifteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.35.

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.