Kellanova Co (NYSE: K) has a price-to-earnings ratio that is above its average at 30.66x. The stock has a 36-month beta value of 0.38. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for K is 289.92M, and at present, short sellers hold a 3.96% of that float. On August 27, 2024, the average trading volume of K was 3.71M shares.
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K) stock’s latest price update
The stock price of Kellanova Co (NYSE: K) has jumped by 0.01 compared to previous close of 80.67. Despite this, the company has seen a gain of 0.52% in its stock price over the last five trading days. accesswire.com reported 2024-08-26 that NEW YORK CITY, NY / ACCESSWIRE / August 26, 2024 / 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.
K’s Market Performance
K’s stock has risen by 0.52% in the past week, with a monthly rise of 40.39% and a quarterly rise of 32.18%. The volatility ratio for the week is 0.35% while the volatility levels for the last 30 days are 1.88% for Kellanova Co The simple moving average for the last 20 days is 10.64% for K’s stock, with a simple moving average of 39.19% for the last 200 days.
Analysts’ Opinion of K
Goldman gave a rating of “Neutral” to K, setting the target price at $75 in the report published on August 12th of the current year.
K Trading at 26.84% 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 -0.07% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 0.35%, as shares surge +41.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +37.37% upper 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 +58.51% in comparison to the 20-day moving average, which settled at $74.10. In addition, Kellanova Co saw 44.30% 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 $80.32 back on Aug 21 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 50,675,238 shares of Kellanova Co, valued at $6,249,098 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 77,800 shares at $80.05 during a trade that took place back on Aug 14 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 50,753,038 shares at $6,227,517 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 2.52. 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
To sum up, Kellanova Co (K) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others 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.
