Kellanova Co (NYSE: K) is 45.20% higher on its value in year-to-date trading and has touched a low of $51.02 and a high of $81.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The K stock was last observed hovering at around $81.03 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $81.18, the stock is 0.37% and 0.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.19% at the moment leaves the stock 23.84% off its SMA200. K registered 55.49% gain for a year compared to 6-month gain of 31.30%. The firm has a 50-day simple moving average (SMA 50) of $80.6872 and a 200-day simple moving average (SMA200) of $65.5544.
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The stock witnessed a 0.31% loss in the last 1 month and extending the period to 3 months gives it a 1.12%, and is 0.30% up 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 0.36% over the week and 0.37% over the month.
Kellanova Co (K) has around 23000 employees, a market worth around $27.98B and $12.80B in sales. Current P/E ratio is 27.90 and Fwd P/E is 20.69. Profit margin for the company is 7.85%. Distance from 52-week low is 59.11% and -0.20% from its 52-week high. The company has generated returns on investments over the last 12 months (10.92%).
Kellanova Co quarterly earnings per share for the current quarter are estimated at 0.83 with sales reaching $3.1B over the same period.The EPS is expected to grow by 18.12% this year, but quarterly earnings will post -2.75% year-over-year. Quarterly sales are estimated to shrink -2.21% in year-over-year returns.
1246.0 institutions hold shares in Kellanova Co (K), with institutional investors hold 83.19% of the company’s shares. The shares outstanding are 340.59M, and float is at 292.30M with Short Float at 1.73%. Institutions hold 82.54% of the Float.
The top institutional shareholder in the company is KELLOGG W K FOUNDATION TRUST with over 51.22 million shares valued at $2.95 billion. The investor’s holdings represent 15.0205 of the K Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 31.64 million shares valued at $1.82 billion to account for 9.2783 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 28.5 million shares representing 8.3579 and valued at over $1.64 billion, while KEYBANK NATIONAL ASSOCIATION/OH holds 5.7511 of the shares totaling 19.61 million with a market value of $1.13 billion.
Kellanova Co (K) Insider Activity
Kellanova Co disclosed in a document filed with the SEC on Nov 07 ’24 that KELLOGG W K FOUNDATION TRUST (10% Owner) sold a total of 114,583 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $80.89 per share for $9.27 million. Following the transaction, the insider now directly holds 49.57 million shares of the K stock.
Still, SEC filings show that on Oct 28 ’24, KELLOGG W K FOUNDATION TRUST (10% Owner) disposed off 114,583 shares at an average price of $80.76 for $9.25 million. The insider now directly holds 49,680,774 shares of Kellanova Co (K).
