Kellanova Co (NYSE: K) is -4.45% lower on its value in year-to-date trading and has touched a low of $47.62 and a high of $67.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The K stock was last observed hovering at around $53.72 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $53.42, the stock is -3.07% and -3.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.05 million and changing -0.56% at the moment leaves the stock -5.92% off its SMA200. K registered -12.87% loss for a year compared to 6-month loss of -4.94%. The firm has a 50-day simple moving average (SMA 50) of $1.87 and a 200-day simple moving average (SMA200) of $13.91.
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The stock witnessed a -2.98% gain in the last 1 month and extending the period to 3 months gives it a 1.02%, and is -3.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.60% over the week and 2.10% over the month.
Kellanova Co (K) has around 23000 employees, a market worth around $18.20B and $15.21B in sales. Current P/E ratio is 19.38 and Fwd P/E is 14.01. Profit margin for the company is 6.25%. Distance from 52-week low is 12.17% and -21.26% from its 52-week high. The company has generated returns on investments over the last 12 months (10.81%).
Kellanova Co quarterly earnings per share for the current quarter are estimated at $0.85 with sales reaching $3.18B over the same period.The EPS is expected to grow by 12.73% this year, but quarterly earnings will post -2.30% year-over-year. Quarterly sales are estimated to shrink -19.70% in year-over-year returns.
Kellanova Co (K) Top Institutional Holders
1,234 institutions hold shares in Kellanova Co (K), with institutional investors hold 88.65% of the company’s shares. The shares outstanding are 340.59M, and float is at 285.53M with Short Float at 4.12%. Institutions hold 87.92% of the Float.
The top institutional shareholder in the company is Kellogg W K Foundation Trust with over 54.73 million shares valued at $3.69 billion. The investor’s holdings represent 15.99% of the K Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 30.98 million shares valued at $2.09 billion to account for 9.05% of the shares outstanding. The other top investors are Blackrock Inc. which holds 30.86 million shares representing 9.01% and valued at over $2.08 billion, while Keybank National Association holds 6.01% of the shares totaling 20.59 million with a market value of $1.39 billion.
Kellanova Co (K) Insider Activity
A total of 12 insider transactions have happened at Kellanova Co (K) in the last six months, with sales accounting for 11 and purchases happening 1 times. The most recent transaction is an insider sale by KELLOGG W K FOUNDATION TRUST,the company’s10% Owner. SEC filings show that KELLOGG W K FOUNDATION TRUST sold 77,800 shares of the company’s common stock on Feb 28 at a price of $55.78 per share for a total of $4.34 million. Following the sale, the insider now owns 52.46 million shares.
Kellanova Co disclosed in a document filed with the SEC on Feb 21 that KELLOGG W K FOUNDATION TRUST (10% Owner) sold a total of 77,800 shares of the company’s common stock. The trade occurred on Feb 21 and was made at $56.05 per share for $4.36 million. Following the transaction, the insider now directly holds 52.54 million shares of the K stock.
Still, SEC filings show that on Feb 21, FORCHE KURT D (VP-Corporate Controller) disposed off 3,000 shares at an average price of $56.48 for $0.17 million. The insider now directly holds 14,006 shares of Kellanova Co (K).
Kellanova Co (K): Who are the competitors?
The company’s main competitors (and peers) include Nestle S.A. (NESN) that is trading -12.60% down over the past 12 months. PepsiCo Inc. (PEP) that is -6.39% lower over the same period.
