In yesterday’s Wall Street session, Kellanova Co (NYSE:K) shares traded at $52.94, down -1.96% from the previous session.
K stock price is now -3.78% away from the 50-day moving average and -6.15% away from the 200-day moving average. The market capitalization of the company currently stands at $18.09B.
With the price target of $67, DA Davidson recently initiated with Buy rating for Kellanova Co (NYSE: K). On February 01, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $57, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, KELLOGG W K FOUNDATION TRUST, 10% Owner sold 77,800 shares of the company’s stock on Mar 14 ’24. The stock was sold for $4,115,457 at an average price of $52.90. Upon completion of the transaction, the 10% Owner now directly owns 52,309,038 shares in the company, valued at $2.77 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77,800 shares of the business’s stock. A total of $4,157,959 was realized by selling the stock at an average price of $53.44. This leaves the insider owning 52,386,838 shares of the company worth $2.77 billion. A total of 16.29% of the company’s stock is owned by insiders.
During the past 12 months, Kellanova Co has had a low of $47.62 and a high of $67.84. As of last week, the company has a debt-to-equity ratio of 2.06, a current ratio of 0.66, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $24.34B, which is based on a 19.20 price-to-earnings ratio, a 2.43 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for K is $54.92 and a two-hundred day moving average price translates $56.37 for the stock.
The latest earnings results from Kellanova Co (NYSE: K) was released for Dec, 2023. According to the Packaged Foods Company, earnings per share came in at $0.78, beating analysts’ expectations of $0.74 by 0.04. This compares to -$0.98 EPS in the same period last year. The net profit margin was 6.25% and return on equity was 27.52% for K. The company reported revenue of $1.09 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.0 percent. For the current quarter, analysts expect K to generate $3.18B in revenue.
