The stock price of Kellanova Co (NYSE: K) has jumped by 0.01 compared to previous close of 80.28. Despite this, the company has seen a gain of 7.22% in its stock price over the last five trading days. businesswire.com reported 2024-08-18 that NEW YORK–(BUSINESS WIRE)—- $K #classaction–Attorney Advertising–Bronstein, Gewirtz & Grossman, LLC is investigating the merger between Mars, Inc. (“Mars”) and Kellanova (NYSE: K). Investors who purchased Kellanova and continue to hold to the present are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/k. Investigation Details The investigation concerns whether Kellanova and its board of directors breached their fiduciary duties to shareho.
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
Kellanova Co (NYSE: K) has a price-to-earnings ratio of 30.51x that is above its average ratio. Additionally, the 36-month beta value for K is 0.34. 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 287.82M and currently, short sellers hold a 3.99% ratio of that float. The average trading volume of K on August 19, 2024 was 3.41M shares.
K’s Market Performance
K’s stock has seen a 7.22% increase for the week, with a 36.48% rise in the past month and a 29.21% gain in the past quarter. The volatility ratio for the week is 0.95%, and the volatility levels for the past 30 days are at 2.31% for Kellanova Co. The simple moving average for the past 20 days is 21.67% for K’s stock, with a 40.65% simple moving average for the past 200 days.
Analysts’ Opinion of K
Goldman, on the other hand, stated in their research note that they expect to see K reach a price target of $75. The rating they have provided for K stocks is “Neutral” according to the report published on August 12th, 2024.
RBC Capital Mkts gave a rating of “Outperform” to K, setting the target price at $76 in the report published on August 05th of the current year.
K Trading at 31.42% 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 -0.21% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 0.95%, as shares surge +38.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.26% upper at present.
During the last 5 trading sessions, K rose by +7.22%, which changed the moving average for the period of 200-days by +59.94% in comparison to the 20-day moving average, which settled at $67.11. In addition, Kellanova Co saw 43.61% 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 $80.05 back on Aug 14 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 50,753,038 shares of Kellanova Co, valued at $6,227,517 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the Owner of approximately 20% of of Kellanova Co, proposed sale 311,200 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 shares at $23,031,414 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 2.5. 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.
