Kellanova Co (K) Shares Soar Above 1-Year High

Kellanova Co (NYSE: K)’s stock price has increased by 1.07 compared to its previous closing price of 57.06. However, the company has seen a 3.63% increase in its stock price over the last five trading sessions. PRNewsWire reported 2024-04-01 that CHICAGO, April 1, 2024 /PRNewswire/ — Kellanova (NYSE: K) plans to issue its 2024 first quarter financial results at approximately 8:00 am ET on Thursday, May 2, 2024.  The following documents will be available on the Company website https://investor.kellanova.com  at 8:00 am ET: Press release, financial tables, GAAP reconciliations, prior periods’ results recast for discontinued operations, and presentation slides.

Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?

The price-to-earnings ratio for Kellanova Co (NYSE: K) is 20.92x, which is above its average ratio. Moreover, the 36-month beta value for K is 0.40. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 2 as “sell.”

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The public float for K is 286.32M and currently, short sellers hold a 4.87% of that float. On April 03, 2024, K’s average trading volume was 3.29M shares.

K’s Market Performance

The stock of Kellanova Co (K) has seen a 3.63% increase in the past week, with a 5.18% rise in the past month, and a 3.15% gain in the past quarter. The volatility ratio for the week is 1.08%, and the volatility levels for the past 30 days are at 1.72% for K. The simple moving average for the last 20 days is 5.18% for K stock, with a simple moving average of 3.01% for the last 200 days.

Analysts’ Opinion of K

Many brokerage firms have already submitted their reports for K stocks, with DA Davidson repeating the rating for K by listing it as a “Buy.” The predicted price for K in the upcoming period, according to DA Davidson is $67 based on the research report published on March 01, 2024 of the current year 2024.

Citigroup, on the other hand, stated in their research note that they expect to see K reach a price target of $57. The rating they have provided for K stocks is “Neutral” according to the report published on February 01st, 2024.

Wells Fargo gave a rating of “Equal Weight” to K, setting the target price at $56 in the report published on December 12th of the previous year.

K Trading at 5.03% 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 -14.99% of loss for the given period.

Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.08%, as shares surge +7.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.93% upper at present.

During the last 5 trading sessions, K rose by +3.63%, which changed the moving average for the period of 200-days by -12.81% in comparison to the 20-day moving average, which settled at $55.03. In addition, Kellanova Co saw 3.15% in overturn over a single year, with a tendency to cut further gains.

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 $57.34 back on Mar 28 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 52,153,438 shares of Kellanova Co, valued at $4,461,029 using the latest closing price.

KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 77,800 shares at $55.61 during a trade that took place back on Mar 21 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 52,231,238 shares at $4,326,489 based on the most recent closing price.

Stock Fundamentals for K

Current profitability levels for the company are sitting at:

  • 0.12 for the present operating margin
  • 0.33 for the gross margin

The net margin for Kellanova Co stands at 0.06. The total capital return value is set at 0.17. Equity return is now at value 27.52, with 5.74 for asset returns.

Based on Kellanova Co (K), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 1.89. The interest coverage ratio of the stock is 5.33.

Currently, EBITDA for the company is 1.92 billion with net debt to EBITDA at 2.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 9.7for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.

Conclusion

To wrap up, the performance of Kellanova Co (K) has been better 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.

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