The stock of Kellanova Co (NYSE:K) last traded at $81.73, down -0.26% from the previous session.
K stock price is now 0.78% away from the 50-day moving average and 13.13% away from the 200-day moving average. The market capitalization of the company currently stands at $28.17B.
With the price target maintained at $83, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Kellanova Co (NYSE: K). , while ‘DA Davidson’ rates the stock as ‘Neutral’
In other news, KELLOGG W K FOUNDATION TRUST, 10% Owner sold 114,583 shares of the company’s stock on Jan 28 ’25. The stock was sold for $9,385,402 at an average price of $81.91. Upon completion of the transaction, the 10% Owner now directly owns 48,305,778 shares in the company, valued at $3.95 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, 10% Owner KELLOGG W K FOUNDATION TRUST sold 114,583 shares of the business’s stock. A total of $9,359,850 was realized by selling the stock at an average price of $81.69. This leaves the insider owning 48,420,361 shares of the company worth $3.96 billion. A total of 14.87% of the company’s stock is owned by insiders.
During the past 12 months, Kellanova Co has had a low of $52.46 and a high of $82.06. As of last week, the company has a debt-to-equity ratio of 1.78, a current ratio of 0.77, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $34227159040, which is based on a 28.09 price-to-earnings ratio, a 3.17 price-to-earnings-growth ratio, and a beta of 0.37. The fifty day moving average price for K is $81.0976 and a two-hundred day moving average price translates $72.2435 for the stock.
The latest earnings results from Kellanova Co (NYSE: K) was released for 2024-09-28. The net profit margin was 7.85% and return on equity was 26.87% for K. The company reported revenue of $3.23 billion for the quarter, compared to $3.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.68 percent.
