The price-to-earnings ratio for Kellogg Company (NYSE: K) is 23.90x, which is above its average ratio. Moreover, the 36-month beta value for K is 0.43. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 2 as “sell.”
The average price recommended by analysts for Kellogg Company (K) is $70.49, which is $10.46 above the current market price. The public float for K is 240.25M and currently, short sellers hold a 3.98% of that float. On September 19, 2023, K’s average trading volume was 2.42M shares.
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K) stock’s latest price update
Kellogg Company (NYSE: K)’s stock price has increased by 0.33 compared to its previous closing price of 59.96. However, the company has seen a 0.52% increase in its stock price over the last five trading sessions. Proactive Investors reported 2023-09-12 that The Kellogg Company (NYSE:K) said its board has formally approved the split into two separate publicly traded entities, effective October 2. The newly formed WK Kellogg Co.
K’s Market Performance
K’s stock has risen by 0.52% in the past week, with a monthly drop of -2.07% and a quarterly drop of -9.25%. The volatility ratio for the week is 1.58% while the volatility levels for the last 30 days are 1.38% for Kellogg Company The simple moving average for the past 20 days is -0.39% for K’s stock, with a -10.50% simple moving average for the past 200 days.
Analysts’ Opinion of K
Many brokerage firms have already submitted their reports for K stocks, with TD Cowen repeating the rating for K by listing it as a “Market Perform.” The predicted price for K in the upcoming period, according to TD Cowen is $63 based on the research report published on September 13, 2023 of the current year 2023.
K Trading at -5.63% from the 50-Day Moving Average
After a stumble in the market that brought K to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.04% of loss for the given period.
Volatility was left at 1.38%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.46% lower at present.
During the last 5 trading sessions, K rose by +0.52%, which changed the moving average for the period of 200-days by -16.91% in comparison to the 20-day moving average, which settled at $60.31. In addition, Kellogg Company saw -15.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at K starting from KELLOGG W K FOUNDATION TRUST, who sale 77,800 shares at the price of $59.66 back on Sep 14. After this action, KELLOGG W K FOUNDATION TRUST now owns 54,176,238 shares of Kellogg Company, valued at $4,641,571 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellogg Company, sale 77,800 shares at $59.42 during a trade that took place back on Sep 07, which means that KELLOGG W K FOUNDATION TRUST is holding 54,254,038 shares at $4,622,658 based on the most recent closing price.
Stock Fundamentals for K
Current profitability levels for the company are sitting at:
- +10.70 for the present operating margin
- +29.83 for the gross margin
The net margin for Kellogg Company stands at +6.27. The total capital return value is set at 13.95, while invested capital returns managed to touch 9.49. Equity return is now at value 21.40, with 4.70 for asset returns.
Based on Kellogg Company (K), the company’s capital structure generated 181.96 points at debt to equity in total, while total debt to capital is 64.53. Total debt to assets is 38.77, with long-term debt to equity ratio resting at 147.25. Finally, the long-term debt to capital ratio is 52.22.
When we switch over and look at the enterprise to sales, we see a ratio of 1.73, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 9.50 and the total asset turnover is 0.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
To wrap up, the performance of Kellogg Company (K) has been bad in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
