Kintegral Advisory LLC Sells 127 Shares of Kellanova $K

Kintegral Advisory LLC cut its stake in Kellanova (NYSE:K) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,442 shares of the company’s stock after selling 127 shares during the quarter. Kintegral Advisory LLC’s holdings in Kellanova were worth $6,716,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in K. Grove Bank & Trust purchased a new position in shares of Kellanova in the 1st quarter valued at $25,000. Financial Network Wealth Advisors LLC purchased a new position in shares of Kellanova in the 1st quarter valued at $25,000. MorganRosel Wealth Management LLC purchased a new position in shares of Kellanova in the 1st quarter valued at $27,000. Trust Co. of Toledo NA OH purchased a new position in shares of Kellanova in the 2nd quarter valued at $45,000. Finally, EQ Wealth Advisors LLC acquired a new position in Kellanova during the 1st quarter valued at about $49,000. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,599 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was 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 of the company’s stock, valued at $3,587,501,192.90. This represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 572,931 shares of company stock worth $45,755,411 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Kellanova Stock Down 0.0%

Shares of K opened at $82.85 on Monday. The company has a market capitalization of $28.80 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 5.16 and a beta of 0.24. Kellanova has a 52 week low of $76.48 and a 52 week high of $83.22. The stock’s 50-day moving average price is $79.95 and its 200-day moving average price is $80.78. 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 posted its earnings results on Thursday, July 31st. The company reported $0.94 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.05). The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.19 billion. Kellanova had a return on equity of 32.54% and a net margin of 10.56%.The firm’s revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $1.01 earnings per share. On average, sell-side analysts predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Increases Dividend

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

Wall Street Analysts Forecast Growth

K has been the topic of several recent analyst reports. Weiss Ratings raised Kellanova from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Kellanova in a research report on Wednesday, August 20th. They set a “neutral” rating and a $83.50 target price on the stock. Finally, Wall Street Zen lowered Kellanova from a “hold” rating to a “sell” rating in a research report on Sunday, September 21st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.38.

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.