Generali Asset Management SPA SGR Buys 6,163 Shares of Kellanova $K

Generali Asset Management SPA SGR grew its stake in shares of Kellanova (NYSE:K) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,032 shares of the company’s stock after purchasing an additional 6,163 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Kellanova were worth $4,924,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in Kellanova during the second quarter worth $45,000. CYBER HORNET ETFs LLC bought a new position in shares of Kellanova in the 2nd quarter valued at about $55,000. Capital Advisors Ltd. LLC increased its stake in shares of Kellanova by 32.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock worth $57,000 after purchasing an additional 177 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Kellanova in the 2nd quarter valued at about $59,000. Finally, ST Germain D J Co. Inc. increased its position in Kellanova by 114.3% during the second quarter. ST Germain D J Co. Inc. now owns 750 shares of the company’s stock worth $60,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 83.87% of the company’s stock.

Kellanova Stock Performance

NYSE:K opened at $83.44 on Friday. The stock has a 50 day simple moving average of $83.35 and a 200 day simple moving average of $81.24. The stock has a market cap of $29.03 billion, a P/E ratio of 22.92, a PEG ratio of 11.61 and a beta of 0.23. Kellanova has a 1-year low of $76.48 and a 1-year high of $83.65. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 1.01.

Kellanova (NYSE:K) last posted its quarterly earnings data 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 $3.26 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Kellanova had a return on equity of 31.73% and a net margin of 10.08%.The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. Research analysts anticipate that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.58 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.32 dividend on an annualized basis and a yield of 2.8%. Kellanova’s payout ratio is currently 63.74%.

Analysts Set New Price Targets

K has been the subject of several research analyst reports. Wall Street Zen upgraded Kellanova from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings downgraded shares of Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kellanova currently has an average rating of “Hold” and a consensus price target of $83.50.

Kellanova Profile

Kellanova (NYSE: K) is a global consumer foods company formed from the reorganization of the historic Kellogg business. The company focuses on the manufacture, marketing and distribution of packaged food products across several categories, with an emphasis on snacks, ready-to-eat cereals, frozen breakfast and other convenience foods. Kellanova’s operations draw on a long consumer-brands heritage and a portfolio designed to reach everyday retail and snack occasions around the world.

Kellanova’s activities include product development, manufacturing, marketing and global supply-chain management for branded food products.