Kellanova Co (NYSE:K) shares traded 6.71% higher at $62.05 on Wall Street last session.
K stock price is now 6.27% away from the 50-day moving average and 11.13% away from the 200-day moving average. The market capitalization of the company currently stands at $21.21B.
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With the price target of $67, DA Davidson recently initiated with Buy rating for Kellanova Co (NYSE: K). On February 01, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $57, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, KELLOGG W K FOUNDATION TRUST, 10% Owner sold 77,800 shares of the company’s stock on Jul 29 ’24. The stock was sold for $4,452,852 at an average price of $57.23. Upon completion of the transaction, the 10% Owner now directly owns 50,908,638 shares in the company, valued at $3.16 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 22 ’24, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77,800 shares of the business’s stock. A total of $4,486,384 was realized by selling the stock at an average price of $57.67. This leaves the insider owning 50,986,438 shares of the company worth $3.16 billion. A total of 15.83% of the company’s stock is owned by insiders.
During the past 12 months, Kellanova Co has had a low of $47.62 and a high of $63.61. As of last week, the company has a debt-to-equity ratio of 2.09, a current ratio of 0.62, and a quick ratio of 0.41. According to the stock market information, the enterprise value for the company is $27764879360, which is based on a 23.25 price-to-earnings ratio, a 2.89 price-to-earnings-growth ratio, and a beta of 0.34. The fifty day moving average price for K is $58.3884 and a two-hundred day moving average price translates $55.8951 for the stock.
The latest earnings results from Kellanova Co (NYSE: K) was released for 2024-03-30. The net profit margin was 6.41% and return on equity was 26.32% for K. The company reported revenue of $3.2 billion for the quarter, compared to $3.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.25 percent.
