Kellanova (K) Expected to Announce Earnings on Thursday

Kellanova (NYSE:K) is expected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Kellanova Stock Up 0.0 %

K stock opened at $81.76 on Tuesday. The company has a 50 day moving average price of $81.14 and a two-hundred day moving average price of $78.46. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. The stock has a market capitalization of $28.18 billion, a P/E ratio of 28.09, a PEG ratio of 2.51 and a beta of 0.37. Kellanova has a one year low of $52.46 and a one year high of $82.06.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on K shares. StockNews.com assumed coverage on shares of Kellanova in a research report on Friday. They issued a “hold” rating on the stock. BNP Paribas lowered Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a research note on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kellanova currently has an average rating of “Hold” and an average target price of $77.96.

Insider Activity at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $81.91, for a total value of $9,385,493.53. Following the sale, the insider now directly owns 48,305,778 shares in the company, valued at approximately $3,956,726,275.98. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 1,031,247 shares of company stock worth $83,724,652 in the last three months. 1.80% of the stock is owned by company insiders.

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.