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The W.K. Kellogg Foundation Trust has recently sold shares of Kellanova (NYSE:K), according to a Form 4 filing with the Securities and Exchange Commission. On February 10, 2025, the Trust sold 114,583 shares of Kellanova’s common stock at an average price of $82.2309 per share. This transaction amounted to a total value of approximately $9.4 million. The sale comes as Kellanova trades near its 52-week high of $82.31, having delivered an impressive 59.1% return over the past year. InvestingPro analysis indicates the stock is currently trading at Fair Value levels.
Following the sale, the W.K. Kellogg Foundation Trust retains ownership of 48,191,195 shares. The Trust, with LaJune Montgomery Tabron, Steve Cahillane, Richard M. Tsoumas, and The Northern Trust (NASDAQ:NTRS) Company as trustees, conducted the sale under a trading plan established on May 7, 2024, in compliance with Rule 10b5-1(c) under the Securities and Exchange Act of 1934. Notably, Kellanova maintains a strong dividend track record, having paid dividends for 54 consecutive years, with a current yield of 2.77%. For deeper insights into Kellanova’s valuation and performance metrics, including 12 additional ProTips, visit InvestingPro.
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