Stocks of Kellanova Co (NYSE:K) traded higher last session on Wall Street, down -0.25% to $80.65.
K stock price is now 0.03% away from the 50-day moving average and 25.31% away from the 200-day moving average. The market capitalization of the company currently stands at $27.80B.
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On August 26, 2024, DA Davidson Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $80 to quote $83.50, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’
In other news, KELLOGG W K FOUNDATION TRUST, 10% Owner sold 114,583 shares of the company’s stock on Oct 28 ’24. The stock was sold for $9,253,826 at an average price of $80.76. Upon completion of the transaction, the 10% Owner now directly owns 49,680,774 shares in the company, valued at $4.01 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 21 ’24, 10% Owner KELLOGG W K FOUNDATION TRUST sold 114,583 shares of the business’s stock. A total of $9,276,617 was realized by selling the stock at an average price of $80.96. This leaves the insider owning 49,795,357 shares of the company worth $4.02 billion. A total of 15.27% of the company’s stock is owned by insiders.
During the past 12 months, Kellanova Co has had a low of $50.14 and a high of $81.26. 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 $33965967360, which is based on a 30.65 price-to-earnings ratio, a 3.53 price-to-earnings-growth ratio, and a beta of 0.38. The fifty day moving average price for K is $80.6254 and a two-hundred day moving average price translates $64.36185 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.
