Taking On Challenges And Growing? – Kellanova Co (K)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Nutri-Grain® and Kroger Join No Kid Hungry to Help End Summer Hunger for Ohio Kids and Families.

Stocks Info

This NYSE-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. The current market capitalization of Kellanova Co is $18.09B. A total of 4.28 million shares were traded on the day, compared to an average of 2.95M shares.

In the most recent transaction, KELLOGG W K FOUNDATION TRUST sold 77,800 shares of K for 52.90 per share on Mar 14 ’24. After the transaction, the 10% Owner now owns 52,309,038 company shares. In a previous transaction on Mar 07 ’24, KELLOGG W K FOUNDATION TRUST sold 77,800 shares at 53.44 per share. K shares that 10% Owner owns now total 52,386,838.

Among the insiders who sold shares, KELLOGG W K FOUNDATION TRUST disposed of 77,800 shares on Feb 28 ’24 at a per-share price of $55.78. This resulted in the 10% Owner holding 52,464,638 shares of K after the transaction. In another insider transaction, KELLOGG W K FOUNDATION TRUST sold 77,800 shares at $56.05 per share on Feb 21 ’24. Company shares held by the 10% Owner now total 52,542,438.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Kellanova Co pays an annual dividend of $2.31, resulting in a dividend yield of 4.36%, and it has a price to earnings (P/E) ratio of 19.20. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $0.85 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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

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. 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 3.24.