Kellanova Co [K] stock prices are down -0.19% to $57.01 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The K shares have gain 0.74% over the last week, with a monthly amount glided 5.28%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 10, April 2024, Kellanova 2024 Annual Shareowners Meeting to be Webcast Live. In a post published today on Yahoo Finance, Kellanova (NYSE: K) will host a live audio webcast of its 2024 Annual Meeting of Shareowners. Presentation slides will be available for viewing and download.
From an analyst’s perspective:
Kellanova Co [NYSE: K] stock has seen the most recent analyst activity on March 01, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $67. Previously, Citigroup started tracking the stock with Neutral rating on February 01, 2024, and set its price target to $57. On December 12, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $56 on the stock. Barclays upgraded its rating to a Equal Weight and decreased its price target to $55 on November 09, 2023. Exane BNP Paribas upgraded its rating to a Neutral but $55 remained the price target by the analyst firm on October 03, 2023. TD Cowen started tracking with a Market Perform rating for this stock on September 13, 2023, and assigned it a price target of $63. In a note dated June 27, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $78 to $83.
The stock price of Kellanova Co [K] has been fluctuating between $47.62 and $67.84 over the past year. Currently, Wall Street analysts expect the stock to reach $71 within the next 12 months. Kellanova Co [NYSE: K] shares were valued at $57.01 at the most recent close of the market. An investor can expect a potential return of 24.54% based on the average K price forecast.
Analyzing the K fundamentals
The Kellanova Co [NYSE:K] reported sales of 15.21B for trailing twelve months, representing a drop of -17.19%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.25 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 56.56 points at the first support level, and at 56.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 57.36, and for the 2nd resistance point, it is at 57.72.
Kellanova Co [K] reported earnings per share of $0.78 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.74/share, meaning a difference of $0.04 and a surprise factor of 5.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.03 per share as compared to estimates of $0.83 per share, a difference of $0.2 representing a surprise of 24.10%.
Ratios To Look Out For
It’s worth pointing out that Kellanova Co [NYSE:K]’s Current Ratio is 0.66. As well, the Quick Ratio is 0.41, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.28, the price to book ratio is 6.12 and price to earnings (TTM) ratio is 20.68.
Transactions by insiders
Recent insider trading involved KELLOGG W K FOUNDATION TRUST, 10% Owner, that happened on Apr 08 ’24 when 77800.0 shares were sold. 10% Owner, KELLOGG W K FOUNDATION TRUST completed a deal on Mar 28 ’24 to sell 77800.0 shares. Meanwhile, 10% Owner KELLOGG W K FOUNDATION TRUST sold 77800.0 shares on Mar 21 ’24.
