As of close of business last night, Kellanova Co’s stock clocked out at $54.83, down -0.58% from its previous closing price of $55.15. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 2430080 shares were traded. K stock price reached its highest trading level at $55.45 during the session, while it also had its lowest trading level at $54.43.
Ratios:
To gain a deeper understanding of K’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.30. For the most recent quarter (mrq), Quick Ratio is recorded 0.41 and its Current Ratio is at 0.66. In the meantime, Its Debt-to-Equity ratio is 2.06 whereas as Long-Term Debt/Eq ratio is at 1.77.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, DA Davidson on March 01, 2024, initiated with a Buy rating and assigned the stock a target price of $67.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $57.
On December 12, 2023, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $56.Wells Fargo initiated its Equal Weight rating on December 12, 2023, with a $56 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 28 when KELLOGG W K FOUNDATION TRUST sold 77,800 shares for $55.78 per share. The transaction valued at 4,339,956 led to the insider holds 52,464,638 shares of the business.
KELLOGG W K FOUNDATION TRUST sold 77,800 shares of K for $4,360,939 on Feb 21. The 10% Owner now owns 52,542,438 shares after completing the transaction at $56.05 per share. On Feb 21, another insider, FORCHE KURT D, who serves as the VP-Corporate Controller of the company, sold 3,000 shares for $56.48 each. As a result, the insider received 169,440 and left with 14,006 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, K now has a Market Capitalization of 18.68B and an Enterprise Value of 24.93B. As of this moment, Kellanova’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.89, and their Forward P/E ratio for the next fiscal year is 14.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 5.88. Its current Enterprise Value per Revenue stands at 1.90 whereas that against EBITDA is 14.15.
Stock Price History:
Over the past 52 weeks, K has reached a high of $67.84, while it has fallen to a 52-week low of $47.62. The 50-Day Moving Average of the stock is 55.14, while the 200-Day Moving Average is calculated to be 56.86.
Shares Statistics:
It appears that K traded 2.85M shares on average per day over the past three months and 2.79M shares per day over the past ten days. A total of 340.59M shares are outstanding, with a floating share count of 285.53M. Insiders hold about 16.21% of the company’s shares, while institutions hold 72.10% stake in the company. Shares short for K as of Feb 15, 2024 were 11.76M with a Short Ratio of 4.12, compared to 11.9M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.45% and a Short% of Float of 4.22%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.34, K has a forward annual dividend rate of 2.31. Against a Trailing Annual Dividend Yield of 4.24%, it implies a Forward Annual Dividend Yield of 4.09%. The stock’s 5-year Average Dividend Yield is 3.63. The current Payout Ratio is 84.89% for K, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 29, 2024. Stock splits for the company last occurred on Aug 25, 1997 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 15 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.86 for the current quarter, with a high estimate of $0.91 and a low estimate of $0.75, while EPS last year was $1.1. The consensus estimate for the next quarter is $0.95, with high estimates of $0.99 and low estimates of $0.88.
Analysts are recommending an EPS of between $3.65 and $3.54 for the fiscal current year, implying an average EPS of $3.58. EPS for the following year is $3.82, with 16 analysts recommending between $3.9 and $3.65.
Revenue Estimates
In the current quarter, 12 analysts expect revenue to total $3.17B. It ranges from a high estimate of $3.24B to a low estimate of $3.11B. As of the current estimate, Kellanova Co’s year-ago sales were $3.95B, an estimated decrease of -19.80% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $3.22B, a decrease of -20.40% less than the figure of -$19.80% in the same quarter last year. There is a high estimate of $3.29B for the next quarter, whereas the lowest estimate is $3.15B.
A total of 14 analysts have provided revenue estimates for K’s current fiscal year. The highest revenue estimate was $12.92B, while the lowest revenue estimate was $12.71B, resulting in an average revenue estimate of $12.81B. In the same quarter a year ago, actual revenue was $13.12B, down -2.40% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $13.22B in the next fiscal year. The high estimate is $13.63B and the low estimate is $12.87B. The average revenue growth estimate for next year is up 3.20% from the average revenue estimate for this year.
