The stock price of Kellanova Co (NYSE: K) has surged by 0.71 when compared to previous closing price of 74.35, but the company has seen a 18.89% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-07 that WK Kellogg Co stock is a potential buy opportunity at the current price post-separation of the snacks and food business. Kellogg owns significant market share in the cereal industry, with a relatively stable stock price despite economic uncertainties, and a valuable brand name. Management focuses on growing cereal brands, improving the supply chain process, and expanding market share, with potential for future growth in a changing culture.
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
Kellanova Co (NYSE: K) has a price-to-earnings ratio of 28.46x that is above its average ratio. Additionally, the 36-month beta value for K is 0.27. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 2 rating it as “sell.”
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The public float for K is 288.18M and currently, short sellers hold a 3.98% ratio of that float. The average trading volume of K on August 12, 2024 was 2.53M shares.
K’s Market Performance
K stock saw an increase of 18.89% in the past week, with a monthly gain of 31.74% and a quarterly increase of 21.56%. The volatility ratio for the week is 3.78%, and the volatility levels for the last 30 days are 2.63% for Kellanova Co (K). The simple moving average for the last 20 days is 22.40% for K stock, with a simple moving average of 32.71% for the last 200 days.
Analysts’ Opinion of K
Many brokerage firms have already submitted their reports for K stocks, with RBC Capital Mkts repeating the rating for K by listing it as a “Outperform.” The predicted price for K in the upcoming period, according to RBC Capital Mkts is $76 based on the research report published on August 05, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see K reach a price target of $74. The rating they have provided for K stocks is “Outperform” according to the report published on August 05th, 2024.
BofA Securities gave a rating of “Buy” to K, setting the target price at $70 in the report published on August 02nd of the current year.
K Trading at 26.04% 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 -0.69% of loss for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares surge +32.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.64% upper at present.
During the last 5 trading sessions, K rose by +18.89%, which changed the moving average for the period of 200-days by +51.67% in comparison to the 20-day moving average, which settled at $62.10. In addition, Kellanova Co saw 33.93% 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 proposed sale 311,200 shares at the price of $74.01 back on Aug 07 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns shares of Kellanova Co, valued at $23,031,414 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 77,800 shares at $74.01 during a trade that took place back on Aug 07 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 50,830,838 shares at $5,757,854 based on the most recent closing price.
Stock Fundamentals for K
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.34 for the gross margin
The net margin for Kellanova Co stands at 0.07. The total capital return value is set at 0.16. Equity return is now at value 25.72, with 5.60 for asset returns.
Based on Kellanova Co (K), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is 5.14.
Currently, EBITDA for the company is 1.92 billion with net debt to EBITDA at 2.95. When we switch over and look at the enterprise to sales, we see a ratio of 2.36. The receivables turnover for the company is 8.17for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.73.
Conclusion
In conclusion, Kellanova Co (K) has seen better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
