Kellanova (NYSE:K) Releases Earnings Results, Beats Expectations By $0.61 EPS

Kellanova (NYSE:K) released its quarterly earnings data on Thursday. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.61, Zacks reports. Kellanova had a net margin of 7.85% and a return on equity of 37.05%.

Kellanova Price Performance

Kellanova stock traded up $0.11 on Friday, reaching $82.24. The company’s stock had a trading volume of 561,167 shares, compared to its average volume of 2,264,995. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.77. Kellanova has a twelve month low of $52.46 and a twelve month high of $82.31. The company has a market cap of $28.35 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.51 and a beta of 0.37. The business’s fifty day moving average price is $81.20 and its 200 day moving average price is $78.97.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com started coverage on shares of Kellanova in a research note on Friday, January 31st. They set a “hold” rating for the company. BNP Paribas cut shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Friday, November 1st. Fourteen equities research 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 stock presently has a consensus rating of “Hold” and a consensus price target of $77.96.

Insider Buying and Selling at Kellanova

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total value of $9,385,493.53. Following the completion of the sale, the insider now directly owns 48,305,778 shares of the company’s stock, valued at $3,956,726,275.98. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 1,031,247 shares of company stock valued at $83,724,652. 1.80% of the stock is currently 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.