Oregon Public Employees Retirement Fund Buys 7,520 Shares of Kellanova $K

Oregon Public Employees Retirement Fund boosted its stake in shares of Kellanova (NYSE:K) by 32.4% during the third quarter, Holdings Channel reports. The firm owned 30,721 shares of the company’s stock after purchasing an additional 7,520 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kellanova were worth $2,520,000 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. Trust Co. of Toledo NA OH purchased a new position in shares of Kellanova during the 2nd quarter valued at $45,000. CYBER HORNET ETFs LLC bought a new position in Kellanova in the 2nd quarter valued at $55,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Kellanova by 32.7% in the second quarter. Capital Advisors Ltd. LLC now owns 718 shares of the company’s stock valued at $57,000 after purchasing an additional 177 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Kellanova during the second quarter valued at $59,000. Finally, ST Germain D J Co. Inc. raised its holdings in shares of Kellanova by 114.3% in the second quarter. ST Germain D J Co. Inc. now owns 750 shares of the company’s stock valued at $60,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

Kellanova Stock Performance

Shares of Kellanova stock opened at $83.44 on Tuesday. The firm has a market capitalization 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 52 week low of $76.48 and a 52 week high of $83.65. The company has a quick ratio of 0.44, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average price of $83.39 and a 200 day moving average price of $81.47.

Kellanova (NYSE:K) last posted 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 net margin of 10.08% and a return on equity of 31.73%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts expect that Kellanova will post 3.93 EPS for the current year.

Kellanova Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on K shares. Weiss Ratings lowered shares of Kellanova from a “buy (b-)” rating to a “hold (c+)” rating in a report on Saturday, October 25th. Wall Street Zen raised Kellanova from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Kellanova has an average rating of “Hold” and an average price target of $83.50.

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.