The stock price of Kellanova Co (NYSE: K) has dropped by -0.05 compared to previous close of 81.06. Despite this, the company has seen a gain of 0.60% in its stock price over the last five trading days. prnewswire.com reported 2024-10-16 that The iconic cracker brand launches light, flaky, buttery Club ® Sweet Hawaiian crackers with the perfect hint of sweetness and brings limited-edition Cinnamon Sugar Club ® Minis to shelves just in time for the holidays CHICAGO, Oct. 16, 2024 /PRNewswire/ — Club® Crackers is bringing a touch of sweetness to their signature light, flaky and buttery crackers with a brand-new flavor: Club® Sweet Hawaiian. For fans of the popular Hawaiian rolls, Club® Sweet Hawaiian marks an exciting first-of-its-kind expansion of the beloved flavor into the cracker category.
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
The price-to-earnings ratio for Kellanova Co (NYSE: K) is 30.79x, which is above its average ratio. Moreover, the 36-month beta value for K is 0.38. 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 291.83M and currently, short sellers hold a 1.89% of that float. On October 17, 2024, K’s average trading volume was 3.78M shares.
K’s Market Performance
The stock of Kellanova Co (K) has seen a 0.60% increase in the past week, with a 0.46% rise in the past month, and a 39.79% gain in the past quarter. The volatility ratio for the week is 0.31%, and the volatility levels for the past 30 days are at 0.27% for K. The simple moving average for the past 20 days is 0.41% for K’s stock, with a 28.37% simple moving average for the past 200 days.
Analysts’ Opinion of K
DA Davidson, on the other hand, stated in their research note that they expect to see K reach a price target of $83.50, previously predicting the price at $80. The rating they have provided for K stocks is “Neutral” according to the report published on August 26th, 2024.
K Trading at 1.22% 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 -0.23% of loss for the given period.
Volatility was left at 0.27%, however, over the last 30 days, the volatility rate increased by 0.31%, as shares surge +0.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.06% upper at present.
During the last 5 trading sessions, K rose by +0.61%, which changed the moving average for the period of 200-days by +40.29% in comparison to the 20-day moving average, which settled at $80.69. In addition, Kellanova Co saw 44.91% 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 114,583 shares at the price of $80.63 back on Oct 14 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 49,909,940 shares of Kellanova Co, valued at $9,238,300 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the 10% Owner of Kellanova Co, sale 114,583 shares at $80.57 during a trade that took place back on Oct 07 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding 50,024,523 shares at $9,231,391 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 2.53. 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 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
