Look For Institutional Buying In Kellanova Co (NYSE: K)

Kellanova Co (K) concluded trading on Wednesday at a closing price of $56.59, with 3.48 million shares of worth about $196.8 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.79% during that period and on April 3, 2024 the price saw a loss of about -1.87%. Currently the company’s common shares owned by public are about 340.59M shares, out of which, 286.32M shares are available for trading.

However, the stock later moved at a day high price of 54.26, or with a loss of -1.87%. Stock saw a price change of 1.25% in past 5 days and over the past one month there was a price change of 5.34%. Year-to-date (YTD), K shares are showing a performance of 1.22% which decreased to -9.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.62 but also hit the highest price of $67.84 during that period. The average intraday trading volume for Kellanova Co shares is 3.28 million. The stock is currently trading 2.84% above its 20-day simple moving average (SMA20), while that difference is up 2.92% for SMA50 and it goes to 1.12% higher than SMA200.

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

Kellanova Co (NYSE: K) currently have 340.59M outstanding shares and institutions hold larger chunk of about 72.35% of that.

The stock has a current market capitalization of $19.34B and its 3Y-monthly beta is at 0.40. PE ratio of stock for trailing 12 months is 20.53, while it has posted earnings per share of $2.76 in the same period. Its PEG reads 2.60 and has Quick Ratio of 0.41 while making debt-to-equity ratio of 2.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for K, volatility over the week remained 1.25% while standing at 1.71% over the month.

Stock’s fiscal year EPS is expected to rise by 12.58% while it is estimated to increase by 6.52% in next year. EPS is likely to grow at an annualized rate of 7.90% for next 5-years, compared to annual growth of -6.41% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on March 01, 2024 offering a Buy rating for the stock and assigned a target price of $67 to it. Coverage by Citigroup stated Kellanova Co (K) stock as a Neutral in their note to investors on February 01, 2024, suggesting a price target of $57 for the stock. On December 12, 2023, Wells Fargo Initiated their recommendations, while on November 09, 2023, Barclays Upgrade their ratings for the stock with a price target of $55. Stock get a Neutral rating from Exane BNP Paribas on October 03, 2023.

Most Popular

Related Posts