After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Kellanova Declares Regular Dividend of $0.56 per Share.
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Stocks Info
Kellanova Co is listed on the NYSE as a member of the Consumer Defensive sector and is a part of the Packaged Foods industry. At the end of the last regular session, the stock closed at $56.43 and fluctuated between $57.38 as its day high and $56.41 as its day low. The current market capitalization of Kellanova Co is $19.22B. A total of 2.61 million shares were traded on the day, compared to an average of 2.82M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, K has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 29 SELLs from insiders. Insiders purchased 160,068 shares during that period but sold 2,122,248.
In the most recent transaction, KELLOGG W K FOUNDATION TRUST sold 77,800 shares of K for 56.05 per share on Feb 21. After the transaction, the 10% Owner now owns 52,542,438 company shares. In a previous transaction on Feb 21, FORCHE KURT D sold 3,000 shares at 56.48 per share. K shares that VP-Corporate Controller owns now total 14,006.
Among the insiders who sold shares, KELLOGG W K FOUNDATION TRUST disposed of 77,800 shares on Feb 14 at a per-share price of $53.67. This resulted in the 10% Owner holding 52,620,238 shares of K after the transaction. In another insider transaction, KELLOGG W K FOUNDATION TRUST sold 77,800 shares at $53.62 per share on Feb 09. Company shares held by the 10% Owner now total 52,698,038.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Kellanova Co pays an annual dividend of $2.34, resulting in a dividend yield of 4.15%, and it has a price to earnings (P/E) ratio of 20.47. K’s most recent ex-dividend date was 2/29/2024 when it declared a $0.56 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 10/30/2023. The K stock dividend was $0.56 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for K in the last 3 months, the mean price target is $59.12 with high estimates of $69.00 and low estimates of $55.00. In terms of 52-week highs and lows, K has a high of $67.84 and a low of $47.62.
As of this writing, K has an earnings estimate of $0.86 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.75. The company reported an EPS of $1.03 in the last quarter, which was 24.10% higher than expectations of $0.83.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. K’s latest balance sheet shows that the firm has $286.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.73B in debt and $5.32B in liabilities at the time. Its Book Value Per Share was $9.32, while its Total Shareholder’s Equity was $4.21B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for K is Buy with a score of 3.13.
