The stock of Kellanova Co (NYSE:K) last traded at $52.99, up 0.93% from the previous session.
Data from the available sources indicates that Kellanova Co (NYSE:K) is covered by 19 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $74.13 and a low of $53.48, we find $64.74. Given the previous closing price of $52.50, this indicates a potential upside of 23.31 percent. K stock price is now -14.47% away from the 50-day moving average and -20.25% away from the 200-day moving average. The market capitalization of the company currently stands at $18.14B.
In total, 15 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $64.48 as their price target over the next twelve months.
With the price target maintained at $55, Exane BNP Paribas recently Upgraded its rating from Underperform to Neutral for Kellanova Co (NYSE: K).
In other news, KELLOGG W K FOUNDATION TRUST, 10% Owner sold 77,800 shares of the company’s stock on Sep 28. The stock was sold for $4,582,996 at an average price of $58.91. Upon completion of the transaction, the 10% Owner now directly owns 54,020,638 shares in the company, valued at $2.86 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77,800 shares of the business’s stock. A total of $4,729,501 was realized by selling the stock at an average price of $60.79. This leaves the insider owning 54,098,438 shares of the company worth $2.87 billion. Insiders disposed of 2,551,557 shares of company stock worth roughly $135.21 million over the past 1 year. A total of 16.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in K stock. A new stake in Kellanova Co shares was purchased by TREXQUANT INVESTMENT LP during the first quarter worth $10,215,000. HRT FINANCIAL LP invested $9,133,000 in shares of K during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Kellanova Co valued at approximately $7,357,000. MN SERVICES VERMOGENSBEHEER B.V. acquired a new stake in K for approximately $6,915,000. JET CAPITAL INVESTORS L P purchased a new stake in K valued at around $6,624,000 in the second quarter. In total, there are 1,308 active investors with 70.15% ownership of the company’s stock.
With an opening price of $52.37 on Tuesday morning, Kellanova Co (NYSE: K) set off the trading day. During the past 12 months, Kellanova Co has had a low of $51.83 and a high of $77.17. As of last week, the company has a debt-to-equity ratio of 1.85, a current ratio of 0.66, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $25.00B, which is based on a 21.08 price-to-earnings ratio, a 7.26 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for K is $58.02 and a two-hundred day moving average price translates $62.32 for the stock.
The latest earnings results from Kellanova Co (NYSE: K) was released for Jun, 2023. According to the Packaged Foods Company, earnings per share came in at $1.25, beating analysts’ expectations of $1.11 by 0.14. This compares to $0.95 EPS in the same period last year. The net profit margin was 5.46% and return on equity was 21.55% for K. The company reported revenue of $4.04 billion for the quarter, compared to $3.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.58 percent. For the current quarter, analysts expect K to generate $3.94B in revenue.
On an annualized basis, this represents a $2.28 dividend and a 4.30% percent yield. There was an ex-dividend date of 10/02/2023 for this dividend. In terms of dividend payout ratio, K is presently at 83.85%.
Kellanova Co(K) Company Profile
Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg’s, Cheez-It, Pringles, Austin, Parati, RXBAR, Kashi, Bear Naked, Eggo, Morningstar Farms, Choco Krispies, Crunchy Nut, Nutri-Grain, Special K, Squares, Zucaritas, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, Be Natural, LCMs, Coco Pops, Frosties, Krave, Rice Krispies Treats, Kashi Go, Crunchy Nut, Rice Krispies Squares, Incogmeato, Veggitizers, and Gardenburger brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. Kellogg Company was founded in 1906 and is headquartered in Battle Creek, Michigan.
