Vise Technologies Inc. Takes Position in Kellanova $K

Vise Technologies Inc. bought a new stake in shares of Kellanova (NYSE:K) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 14,770 shares of the company’s stock, valued at approximately $1,175,000.

Other large investors also recently added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC purchased a new position in shares of Kellanova during the 1st quarter valued at $25,000. Trust Co. of Toledo NA OH bought a new position in shares of Kellanova during the second quarter valued at approximately $45,000. Dagco Inc. purchased a new stake in Kellanova in the first quarter worth about $49,000. Cypress Capital Management LLC WY purchased a new stake in shares of Kellanova in the 1st quarter worth about $54,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Kellanova by 32.7% in the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock worth $57,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Kellanova Price Performance

Shares of NYSE:K traded up $0.07 during trading on Thursday, reaching $83.39. 49,510 shares of the company’s stock traded hands, compared to its average volume of 2,903,336. The firm has a market cap of $29.01 billion, a PE ratio of 21.89, a P/E/G ratio of 5.16 and a beta of 0.23. The company has a 50-day simple moving average of $81.44 and a 200-day simple moving average of $80.90. 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 has a fifty-two week low of $76.48 and a fifty-two week high of $83.45.

Kellanova (NYSE:K) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.25 billion. Kellanova had a net margin of 10.56% and a return on equity of 32.54%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. As a group, analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.32 annualized dividend and a dividend yield of 2.8%. Kellanova’s dividend payout ratio (DPR) is presently 63.74%.

Wall Street Analyst Weigh In

Several research firms recently commented on K. Weiss Ratings downgraded Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen upgraded Kellanova from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kellanova in a research report on Wednesday, August 20th. They set a “neutral” rating and a $83.50 target price on the stock. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Kellanova currently has a consensus rating of “Hold” and an average price target of $83.50.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,599 shares of Kellanova stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $79.55, for a total value of $9,116,350.45. Following the transaction, the insider directly owned 45,097,438 shares in the company, valued at approximately $3,587,501,192.90. This trade represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Kellanova Company 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.