Stocks of Kellanova Co (NYSE:K) traded higher last session on Wall Street, up 0.20% to $73.35.
K stock price is now 25.10% away from the 50-day moving average and 30.82% away from the 200-day moving average. The market capitalization of the company currently stands at $25.11B.
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With the price target enhanced from $62 to $76, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Kellanova Co (NYSE: K). On August 05, 2024, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $74, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Min John, Former Officer bought 1,455 shares of the company’s stock on Aug 06 ’24. The stock was bought for $104,032 at an average price of $71.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Former Officer Min John bought 823 shares of the business’s stock. A total of $58,844 was incurred on buying the stock at an average price of $71.50. A total of 15.81% 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 $75.40. As of last week, the company has a debt-to-equity ratio of 1.97, a current ratio of 0.73, and a quick ratio of 0.48. According to the stock market information, the enterprise value for the company is $31398809600, which is based on a 27.87 price-to-earnings ratio, a 3.23 price-to-earnings-growth ratio, and a beta of 0.23. The fifty day moving average price for K is $58.8746 and a two-hundred day moving average price translates $56.18665 for the stock.
The latest earnings results from Kellanova Co (NYSE: K) was released for 2024-06-29. The net profit margin was 6.72% and return on equity was 25.72% for K. The company reported revenue of $3.19 billion for the quarter, compared to $3.35 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.74 percent. For the current quarter, analysts expect K to generate $1.63B in revenue.
