Westpac Banking Corp Trims Stake in Kellanova $K

18 Nov 2025, 11:38 by Jessica Moore · The Cerbat Gem

Westpac Banking Corp lowered its position in Kellanova (NYSE:K – Free Report) by 95.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,234 shares of the company’s stock after selling 52,826 shares during the period. Westpac Banking Corp’s holdings in Kellanova were worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Kellanova by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 32,695,348 shares of the company’s stock worth $2,697,039,000 after acquiring an additional 259,604 shares during the last quarter. Pentwater Capital Management LP increased its stake in Kellanova by 39.0% in the first quarter. Pentwater Capital Management LP now owns 8,000,000 shares of the company’s stock worth $659,920,000 after purchasing an additional 2,245,000 shares during the period. Geode Capital Management LLC lifted its position in shares of Kellanova by 2.3% during the second quarter. Geode Capital Management LLC now owns 7,289,089 shares of the company’s stock worth $577,362,000 after purchasing an additional 163,126 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Kellanova by 3.0% during the first quarter. Northern Trust Corp now owns 4,015,549 shares of the company’s stock valued at $331,243,000 after purchasing an additional 117,650 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kellanova by 11.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,953,288 shares of the company’s stock worth $243,617,000 after purchasing an additional 292,063 shares during the last quarter. Institutional investors own 83.87% of the company’s stock.

Kellanova Stock Performance

K stock opened at $83.36 on Tuesday. Kellanova has a one year low of $76.48 and a one year high of $83.45. The firm has a 50-day simple moving average of $81.66 and a two-hundred day simple moving average of $80.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.45 and a current ratio of 0.68. The firm has a market cap of $29.00 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 5.16 and a beta of 0.23.

Kellanova (NYSE:K – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Kellanova had a return on equity of 32.54% and a net margin of 10.56%.The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue was up .8% on a year-over-year basis. On average, equities analysts forecast that Kellanova will post 3.93 EPS for the current fiscal year.

Kellanova Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on K shares. Wall Street Zen upgraded shares of Kellanova from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings lowered 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 Kellanova in a report on Wednesday, August 20th. They issued a “neutral” rating and a $83.50 price target for the company. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Kellanova presently has a consensus rating of “Hold” and an average price target of $83.50.

Read Our Latest Stock Analysis on K

Insider Buying and Selling at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,599 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.55, for a total transaction of $9,116,350.45. Following the sale, the insider directly owned 45,097,438 shares of the company’s stock, valued at $3,587,501,192.90. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Kellanova Profile

(Free Report)