Kellanova (K) Expected to Announce Earnings on Thursday

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

Kellanova Trading Up 0.0 %

Shares of NYSE:K opened at $81.76 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $28.18 billion, a PE ratio of 28.09, a P/E/G ratio of 2.51 and a beta of 0.37. The firm has a fifty day moving average price of $81.14 and a 200 day moving average price of $78.46. Kellanova has a 1 year low of $52.46 and a 1 year high of $82.06.

Insider Activity at Kellanova

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova 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 transaction, the insider now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,031,247 shares of company stock worth $83,724,652 over the last 90 days. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on K shares. StockNews.com assumed coverage on shares of Kellanova in a research report on Friday. They set a “hold” rating for the company. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 target price for the company. in a report on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.96.

Kellanova Company Profile

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.