Tokio Marine Asset Management Co. Ltd. Purchases 7,559 Shares of Kellanova $K

Tokio Marine Asset Management Co. Ltd. increased its position in Kellanova (NYSE:K) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,438 shares of the company’s stock after buying an additional 7,559 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Kellanova were worth $12,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in K. Syquant Capital Sas boosted its holdings in shares of Kellanova by 123.6% during the 2nd quarter. Syquant Capital Sas now owns 1,143,568 shares of the company’s stock valued at $90,948,000 after buying an additional 632,168 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Kellanova by 6.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 86,258 shares of the company’s stock worth $6,860,000 after purchasing an additional 5,524 shares in the last quarter. Callan Family Office LLC bought a new stake in Kellanova in the second quarter worth $364,000. PNC Financial Services Group Inc. grew its stake in shares of Kellanova by 4.3% in the second quarter. PNC Financial Services Group Inc. now owns 81,977 shares of the company’s stock worth $6,520,000 after acquiring an additional 3,354 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Kellanova by 6.6% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 107,866 shares of the company’s stock worth $8,579,000 after purchasing an additional 6,635 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on K shares. Wall Street Zen raised Kellanova from a “sell” rating to a “hold” rating in a research report 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 investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.50.

Kellanova Stock Performance

Shares of K stock opened at $83.44 on Monday. Kellanova has a one year low of $76.48 and a one year high of $83.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.44 and a current ratio of 0.68. The firm’s 50 day moving average price is $83.38 and its 200-day moving average price is $81.44. The firm has a market cap of $29.03 billion, a P/E 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 results on Thursday, October 30th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Kellanova had a return on equity of 31.73% and a net margin of 10.08%.The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a $0.58 dividend. The ex-dividend date of this dividend was 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%.

About Kellanova

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.