Kellanova (NYSE:K) Posts Earnings Results

Kellanova (NYSE:K) announced its earnings results on Thursday. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.31 by $0.61, Zacks reports. Kellanova had a net margin of 10.53% and a return on equity of 37.25%.

Kellanova Trading Up 0.2 %

K opened at $82.29 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.53. Kellanova has a fifty-two week low of $52.46 and a fifty-two week high of $82.31. The company’s 50 day moving average price is $81.20 and its two-hundred day moving average price is $78.97. The firm has a market capitalization of $28.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.53 and a beta of 0.37.

Insider Activity

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the sale, the insider now owns 48,305,778 shares of the company’s stock, valued at approximately $3,956,726,275.98. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 1,031,247 shares of company stock valued at $83,724,652. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on K shares. BNP Paribas downgraded Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Friday, November 1st. StockNews.com began coverage on Kellanova in a research report on Saturday. They issued a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.96.

About Kellanova

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.