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How to Buy Kellanova Stock

Kellanova

Kellanova is a food company located in Michigan, United States, which is part of the Consumer Defensive sector, and is traded under the ticker K on the NYSE exchange.

Kellanova stock last closed at $61.04, down 0.47% from the previous day, and has decreased 10.94% in one year. It has overperformed other stocks in the Packaged Foods industry by 0.04 percentage points. Kellanova stock is currently +28.17% from its 52-week low of $47.63, and -11.14% from its 52-week high of $68.69.

At the moment, there are 341.88M K shares outstanding. The market capitalization of K is $20.87B. In the last 24 hours, 1.66M K shares were traded.

How to Buy Kellanova Stock

Not sure how to invest in Kellanova stock? Here's how.
  1. Choose where to buy Kellanova stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Kellanova stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Choose your payment method and add your info.
  4. Analyze Kellanova stock: The Kellanova ticker symbol is K. Is Kellanova stock a good investment? Should you buy shares of K? How do K's underlying business fundamentals look? Do top analysts think Kellanova is a good buy? Why has K's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if K is a good stock to buy).
  5. Place your K purchase: Decide if you will purchase K shares at the current market price or use a limit order to buy K shares at a given price.
  6. Get the latest scoop on your investment in K: Create a watchlist to important notifications about your position in Kellanova shares.

Step 1: Choose where to buy Kellanova stock

You need a brokerage account in order to access the NYSE market and buy K stock.

A brokerage account enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've selected your brokerage, the next step is to fill out some personal info so you are able to invest in K today.

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Step 3: Deposit money your brokerage account

Now that you've opened your account on the best free stock trading app, you can securely and quickly fund your account:

Watch this video walkthrough to see the process of transferring funds into your brokerage account.

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Step 4: Analyze Kellanova stock

Once you have selected the best place to buy Kellanova stock, it's critical to evaluate their stock before you invest, so you truly wrap your head around the risk as well as the upside.

Kellanova stock data

K Price
$61.04
1w %
-0.84%
1y %
-10.94%
5y %
7.92%
P/E
22.69x
P/B
6.62x
P/S
1.7x
PEG
0.52x
Revenue
$12.27B
Earnings
$920.00M
Fore. Rev. Growth
2.9%
Fore. Earn. Growth
43.99%
Market Cap
$20.87B
Next Earnings
N/A
Next Dividend
Jun 14, 2024

Kellanova Due Diligence Checks

WallStreetZen was designed to help everyday investors do better fundamental analysis.

You can see all of the due diligence checks on K's stock page.

What is the fair value of K stock?

Analysts use many financial metrics, analyses, models, and charts to gauge K's fair value.

Using relative valuations methods:

  • K could be undervalued based on its P/E ratio of 22.69x, relative to Packaged Foods industry P/E ratio of 25.46x
  • K may be overvalued based on its P/B ratio of 6.62x, relative to Packaged Foods industry P/B ratio of 2.15x
  • K could be undervalued based on its PEG ratio of 0.52x

You can access more valuation research on K's stock here.

K Financial Health Summary

Passed Health Checks:

  • K's operating cash flow of $1.73B allows it to safely service it's debt of $6.59B.
  • Total K debt is lower than 5 years ago, relative to shareholder equity.
  • K profit margin has gone up from 6.8% to 7.5% in the past year.

Failed Health Checks:

  • There are more short-term liabilities than short-term assets on the K balance sheet.
  • There are more long-term liabilities than short-term assets on the K balance sheet.
  • K has a relatively high debt to equity ratio of 3.82.
  • K earnings of $1.48B is not enough to cover its interest payments.

Do Wall Street analysts think it's a good time to buy K stock

Out of 9 Wall Street analysts who track K, the consensus analyst rating on Kellanova is a Hold

Please note that analyst ratings are not stock recommendations, nor are they financial advice.

Most Recent K Analyst Forecasts

Michael Lavery, a top 6% analyst from Piper Sandler maintains K with a hold rating and raises their K price target from $59.00 to $60.00, on Feb 12, 2024.

John Baumgartner, a top 18% analyst from Wells Fargo maintains K with a hold rating and raises their K price target from $56.00 to $58.00, on Feb 9, 2024.

Thomas Palmer, a bottom 13% analyst from Citigroup initiates coverage on K with a hold rating and announces their K price target of $57.00, on Feb 1, 2024.

Matthew Smith, a top 16% analyst from Stifel Nicolaus maintains K with a hold rating and raises their K price target from $56.00 to $58.00, on Jan 25, 2024.

You can dig deeper into what analysts are projecting on the Kellanova stock forecast page.

Metrics for Advanced K Traders

SMA10
61.89
SMA20
61.06
SMA50
58.37
SMA100
56.65
SMA200
56
MACD
1.01
MACD Signal
1.23
MACD Histogram
-0.22
RSI
54.59
Stochastic %K
46
Stochastic %D
60.78
StochRSI %K
0
StochRSI %D
13.74

K Growth Metrics

Last year, K earnings were $920.00M. In the past 5 year, K's earnings have increased by -4.52% per year. This was slower than the Packaged Foods industry average of 8.55%.

Last year, K revenue was $12.27B. Over the last five year, K's revenue has increased by -2.14% per year. This was slower than the Packaged Foods industry average of 5.79%.

You can research K's earnings and revenue performance here.

What are K executives and large shareholders up to?

In the past 12 months, executives and large shareholders at K have sold more shares than they have bought.

W. K. Foundation Trust Kellogg, 10% Owner of K, was the latest K insider to sell. They sold $4,824,144.60 worth of K stock on May 21, 2024.

Dig into more about who owns K shares here.

Can I get consistent income from K stock?

Kellanova pays a dividend of 3.78%, compared to the Packaged Foods industry's average dividend yield of 3.45%. If you owned $1,000 of K stock, you would have been paid $37.84 last year.

Kellanova dividend payments have consistently grown over the past decade and have remained stable.

Get more data about Kellanova dividend yield and history here.

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Step 5: Place your K purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.

Click the Open button and your broker will place your order.

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Step 6: Get the latest scoop on your investment in K

Now that you own some K shares, you'll want to keep up with your new investment.

Put K on a watchlist to track your K stock.

K Feed

How to Buy Stock in Kellanova

To summarize, here are the 6 steps for buying Kellanova stock:

  1. Choose where to buy Kellanova stock
  2. Open your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Kellanova stock
  5. Place your K purchase
  6. Get the latest scoop on your investment in K

If you are looking for a brokerage account, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your new investment in Kellanova, create a watchlist on WallStreetZen today.

NYSE: K
$61.04-0.29 (-0.47%)
Updated May 24, 2024
Open eToro Account
NYSE: K
$61.04-0.29 (-0.47%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Kellanova share?

As of May 24, 2024, it costs $61.04 to buy one share of Kellanova stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.164 shares of K.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Kellanova stock?

According to 9 Wall Street analysts who monitor Kellanova, their consensus recommendation is to hold Kellanova stock.

What is the best way to buy Kellanova stock?

One way to place an order for Kellanova stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.