Events in Kellanova's (NYSE:K) stocks have been eventful. TD Asset Management Inc sold a hefty 43,967 shares, and similarly, Kellanova's major shareholder divested 114,583 shares. The shares were picked up by various companies including Banque Cantonale Vaudoise, Meeder Advisory Services Inc., and Zurcher Kantonalbank Zurich Cantonalbank among others. Meanwhile, Alpine Associates Management Inc posted a whopping $95.54 million stake in the bio-tech firm.
It's pertinent to note, however, that concerns loom in the company as analysts estimate a decline in earnings. A related concern is Ferrero Group's acquisition of Kellanova’s sister company WK Kellogg for $3.1 billion. Nonetheless, the company has a milestone to cheer about; they are set to issue their 403rd consecutive dividend of $0.58.
The most ground-shaking news is the approval of Kellanova's proposed merger with Mars by US regulators, despite facing an EU investigation. The merger elicited different reactions, with others interpreting it as a strong value proposition, while others disagreed, stating there was no value to grow.
Kellanova Stocks K News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Sat, 02 Aug 2025 11:44:11 GMT - Rating 3 - Innovation 2 - Information 6 - Rumor -2
