Victory Capital Management Inc. Has $7.08 Million Stock Holdings in Kellanova (NYSE:K)

Victory Capital Management Inc. cut its holdings in Kellanova (NYSE:K) by 56.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 87,471 shares of the company’s stock after selling 114,854 shares during the quarter. Victory Capital Management Inc.’s holdings in Kellanova were worth $7,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of K. Stonebridge Financial Group LLC bought a new position in shares of Kellanova during the 4th quarter worth approximately $27,000. BankPlus Trust Department bought a new position in shares of Kellanova during the 4th quarter worth approximately $28,000. First Horizon Advisors Inc. grew its stake in shares of Kellanova by 64.8% during the 4th quarter. First Horizon Advisors Inc. now owns 440 shares of the company’s stock worth $36,000 after acquiring an additional 173 shares in the last quarter. Sherman Asset Management Inc. bought a new position in shares of Kellanova during the 4th quarter worth approximately $43,000. Finally, Assetmark Inc. grew its stake in shares of Kellanova by 26.2% during the 3rd quarter. Assetmark Inc. now owns 631 shares of the company’s stock worth $51,000 after acquiring an additional 131 shares in the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $82.26, for a total value of $9,425,597.58. Following the completion of the transaction, the insider now owns 47,618,280 shares in the company, valued at $3,917,079,712.80. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,260,413 shares of company stock worth $103,099,492 in the last ninety days. 1.80% of the stock is owned by insiders.

Kellanova Stock Down 0.1 %

K stock opened at $82.22 on Friday. The stock has a fifty day moving average of $82.05 and a 200-day moving average of $81.19. The company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 4.21 and a beta of 0.31. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.56 and a current ratio of 0.81. Kellanova has a fifty-two week low of $52.53 and a fifty-two week high of $83.22.

Kellanova (NYSE:K) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.61. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. As a group, equities research analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.77%. Kellanova’s dividend payout ratio is 58.91%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on K shares. StockNews.com started coverage on shares of Kellanova in a research note on Wednesday. They issued a “hold” rating for the company. Royal Bank of Canada raised shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 target price for the company in a research note on Tuesday, February 18th. Thirteen research 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, Kellanova has an average rating of “Hold” and an average target price of $77.96.

Kellanova 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.