Kellanova Co (K) concluded trading on Wednesday at a closing price of $80.28, with 45.72 million shares of worth about $3.67 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 48.09% during that period and on August 14, 2024 the price saw a gain of about 7.76%. Currently the company’s common shares owned by public are about 340.59M shares, out of which, 288.26M shares are available for trading.
Stock saw a price change of 10.03% in past 5 days and over the past one month there was a price change of 40.72%. Year-to-date (YTD), K shares are showing a performance of 43.59% which increased to 33.85% 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 $75.48 during that period. The average intraday trading volume for Kellanova Co shares is 2.58 million. The stock is currently trading 25.73% above its 20-day simple moving average (SMA20), while that difference is up 33.15% for SMA50 and it goes to 41.37% higher than SMA200.
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Kellanova Co (NYSE: K) currently have 340.59M outstanding shares and institutions hold larger chunk of about 73.33% of that.
The stock has a current market capitalization of $27.48B and its 3Y-monthly beta is at 0.31. PE ratio of stock for trailing 12 months is 30.51, while it has posted earnings per share of $2.63 in the same period. Its PEG reads 3.68 and has Quick Ratio of 0.48 while making debt-to-equity ratio of 1.97. 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 2.05% while standing at 2.58% over the month.
Analysts are in expectations that Kellanova Co (K) stock would likely to be making an EPS of 0.21 in the current quarter, while forecast for next quarter EPS is 0.24 and it is 0.93 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.16 which is 0.27 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 16.65% while it is estimated to increase by 5.16% in next year. EPS is likely to grow at an annualized rate of 8.30% 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 Goldman on August 12, 2024 offering a Neutral rating for the stock and assigned a target price of $75 to it. Coverage by RBC Capital Mkts stated Kellanova Co (K) stock as an Outperform in their note to investors on August 05, 2024, suggesting a price target of $76 for the stock. On August 05, 2024, Exane BNP Paribas Upgrade their recommendations, while on August 02, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $70. Stock get a Buy rating from DA Davidson on March 01, 2024.
