Kellanova Co (NYSE:K) shares traded unchanged at $80.28 on Wall Street last session.
K stock price is now 32.26% away from the 50-day moving average and 41.01% away from the 200-day moving average. The market capitalization of the company currently stands at $27.48B.
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On August 12, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $75, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, KELLOGG W K FOUNDATION TRUST, 10% Owner sold 77,800 shares of the company’s stock on Aug 14 ’24. The stock was sold for $6,227,517 at an average price of $80.05. Upon completion of the transaction, the 10% Owner now directly owns 50,753,038 shares in the company, valued at $4.07 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Owner of approximately 20% of KELLOGG W K FOUNDATION TRUST bought 311,200 shares of the business’s stock. A total of $23,031,414 was incurred on buying the stock at an average price of $74.01. A total of 15.78% 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 $80.46. 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 $33770864640, which is based on a 30.51 price-to-earnings ratio, a 3.68 price-to-earnings-growth ratio, and a beta of 0.30. The fifty day moving average price for K is $60.6996 and a two-hundred day moving average price translates $56.9341 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.
