Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Kellanova (NYSE:K)

04 Jul 2025, 08:54 by Mitch Edgeman · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Kellanova (NYSE:K – Free Report) by 0.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,763 shares of the company’s stock after acquiring an additional 255 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kellanova were worth $3,115,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Kellanova by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 32,435,744 shares of the company’s stock valued at $2,626,322,000 after purchasing an additional 281,137 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Kellanova by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,884,092 shares of the company’s stock valued at $556,014,000 after purchasing an additional 158,560 shares during the last quarter. Pentwater Capital Management LP increased its position in shares of Kellanova by 8.5% during the 4th quarter. Pentwater Capital Management LP now owns 5,755,000 shares of the company’s stock valued at $465,982,000 after purchasing an additional 450,700 shares during the last quarter. Invesco Ltd. increased its position in shares of Kellanova by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,168,070 shares of the company’s stock valued at $337,489,000 after purchasing an additional 111,396 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Kellanova by 15.7% during the 4th quarter. Northern Trust Corp now owns 3,897,899 shares of the company’s stock valued at $315,613,000 after purchasing an additional 530,132 shares during the last quarter. Hedge funds and other institutional investors own 83.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on K. Citigroup upgraded Kellanova to a “neutral” rating and set a $83.50 price objective on the stock in a research report on Thursday, May 29th. Royal Bank Of Canada lowered Kellanova from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 14th. Finally, Wall Street Zen lowered Kellanova from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Fourteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.75.

Check Out Our Latest Report on Kellanova

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $79.37, for a total value of $9,094,452.71. Following the sale, the insider directly owned 46,014,118 shares in the company, valued at approximately $3,652,140,545.66. This trade represents a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 1,374,996 shares of company stock valued at $112,064,466. 1.80% of the stock is currently owned by company insiders.

Kellanova Price Performance

K opened at $80.04 on Friday. The stock’s 50 day simple moving average is $81.35 and its 200 day simple moving average is $81.75. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.80 and a quick ratio of 0.52. Kellanova has a 1 year low of $55.96 and a 1 year high of $83.22. The firm has a market cap of $27.77 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 4.24 and a beta of 0.28.

Kellanova (NYSE:K – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.11). The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.16 billion. Kellanova had a return on equity of 34.80% and a net margin of 10.93%. Kellanova’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 earnings per share. As a group, analysts predict that Kellanova will post 3.93 earnings per share for the current year.

Kellanova Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.85%. Kellanova’s dividend payout ratio is currently 57.58%.

About Kellanova

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