Headlands Technologies LLC Purchases 14,285 Shares of Kellanova $K

Headlands Technologies LLC raised its position in Kellanova (NYSE:K) by 30.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,527 shares of the company’s stock after purchasing an additional 14,285 shares during the period. Headlands Technologies LLC’s holdings in Kellanova were worth $4,893,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cigna Investments Inc. New raised its position in shares of Kellanova by 5.3% in the second quarter. Cigna Investments Inc. New now owns 2,797 shares of the company’s stock worth $222,000 after buying an additional 141 shares in the last quarter. Ethic Inc. raised its holdings in shares of Kellanova by 0.9% in the 2nd quarter. Ethic Inc. now owns 17,216 shares of the company’s stock valued at $1,360,000 after acquiring an additional 150 shares in the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Kellanova by 2.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,125 shares of the company’s stock valued at $567,000 after acquiring an additional 150 shares in the last quarter. West Family Investments Inc. boosted its position in shares of Kellanova by 2.5% during the 2nd quarter. West Family Investments Inc. now owns 6,369 shares of the company’s stock valued at $507,000 after acquiring an additional 155 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Kellanova by 32.7% during the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock worth $57,000 after purchasing an additional 177 shares in the last quarter. 83.87% of the stock is currently owned by hedge funds and other institutional investors.

Kellanova Stock Performance

Kellanova stock opened at $83.44 on Friday. The firm has a fifty day simple moving average of $83.19 and a two-hundred day simple moving average of $81.05. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. Kellanova has a twelve month low of $76.48 and a twelve month high of $83.65. The company has a market capitalization of $29.03 billion, a PE ratio of 22.92, a P/E/G ratio of 11.61 and a beta of 0.23.

Kellanova (NYSE:K) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Kellanova had a return on equity of 31.73% and a net margin of 10.08%.The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Research analysts expect that Kellanova will post 3.93 EPS for the current year.

Kellanova Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on K shares. Wall Street Zen raised shares of Kellanova from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings cut shares of Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Kellanova in a research report on Wednesday, August 20th. They issued a “neutral” rating and a $83.50 target price for the company. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.50.

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.