Kellanova Co (NYSE: K)’s stock price has decreased by -0.06 compared to its previous closing price of 80.60. However, the company has seen a -0.59% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-18 that ATMORE, Ala., Nov. 18, 2024 /PRNewswire/ — (OTCQX: UBAB)- United Bancorporation of Alabama, Inc. announced today that it has completed the repurchase of all of its shares of common stock held by the United Bancorporation of Alabama, Inc. 401(k) Employee Stock Ownership Plan (“KSOP”).
Is It Worth Investing in Kellanova Co (NYSE: K) Right Now?
The price-to-earnings ratio for Kellanova Co (NYSE: K) is 27.69x, 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,” 18 as “hold,” and 2 as “sell.”
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The public float for K is 292.42M and currently, short sellers hold a 1.73% of that float. On November 20, 2024, K’s average trading volume was 2.40M shares.
K’s Market Performance
K’s stock has seen a -0.59% decrease for the week, with a -0.76% drop in the past month and a -0.05% fall in the past quarter. The volatility ratio for the week is 0.49%, and the volatility levels for the past 30 days are at 0.40% for Kellanova Co The simple moving average for the past 20 days is -0.31% for K’s stock, with a 21.92% simple moving average for the past 200 days.
Analysts’ Opinion of K
Many brokerage firms have already submitted their reports for K stocks, with Exane BNP Paribas repeating the rating for K by listing it as a “Neutral.” The predicted price for K in the upcoming period, according to Exane BNP Paribas is $83 based on the research report published on November 01, 2024 of the current year 2024.
DA Davidson gave a rating of “Neutral” to K, setting the target price at $83.50 in the report published on August 26th of the current year.
K Trading at -0.22% 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 -0.97% of loss for the given period.
Volatility was left at 0.40%, however, over the last 30 days, the volatility rate increased by 0.49%, as shares sank -0.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.69% upper at present.
During the last 5 trading sessions, K fell by -0.59%, which changed the moving average for the period of 200-days by +48.84% in comparison to the 20-day moving average, which settled at $80.80. In addition, Kellanova Co saw 44.07% 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 $81.04 back on Nov 14 ’24. After this action, KELLOGG W K FOUNDATION TRUST now owns 49,451,608 shares of Kellanova Co, valued at $9,286,356 using the latest closing price.
KELLOGG W K FOUNDATION TRUST, the Owner of approximately 20% of of Kellanova Co, proposed sale 458,332 shares at $80.89 during a trade that took place back on Nov 07 ’24, which means that KELLOGG W K FOUNDATION TRUST is holding shares at $37,072,734 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
- 0.35 for the gross margin
The net margin for Kellanova Co stands at 0.08. The total capital return value is set at 0.16. Equity return is now at value 26.87, with 6.00 for asset returns.
Based on Kellanova Co (K), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is 5.18.
Currently, EBITDA for the company is 1.76 billion with net debt to EBITDA at 3.13. When we switch over and look at the enterprise to sales, we see a ratio of 2.63. The receivables turnover for the company is 7.53for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
To wrap up, the performance of Kellanova Co (K) has been mixed 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.
