Is Kellanova Co (NYSE: K) The Best Stock To Invest In?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Eggo® and Jewel-Osco give time, waffles to fight food insecurity in Northern Illinois.

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Stocks Info

As a NYSE listed company, K falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. The current market capitalization of Kellanova Co is $19.63B. A total of 2.16 million shares were traded on the day, compared to an average of 3.30M shares.

In the most recent transaction, KELLOGG W K FOUNDATION TRUST sold 77,800 shares of K for 57.34 per share on Mar 28 ’24. After the transaction, the 10% Owner now owns 52,153,438 company shares. In a previous transaction on Mar 21 ’24, KELLOGG W K FOUNDATION TRUST sold 77,800 shares at 55.61 per share. K shares that 10% Owner owns now total 52,231,238.

Among the insiders who sold shares, KELLOGG W K FOUNDATION TRUST disposed of 77,800 shares on Mar 14 ’24 at a per-share price of $52.90. This resulted in the 10% Owner holding 52,309,038 shares of K after the transaction. In another insider transaction, KELLOGG W K FOUNDATION TRUST sold 77,800 shares at $53.44 per share on Mar 07 ’24. Company shares held by the 10% Owner now total 52,386,838.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Kellanova Co pays an annual dividend of $2.31, resulting in a dividend yield of 4.02%, and it has a price to earnings (P/E) ratio of 20.84. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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.

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