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 $56.07, up 1.01% from the previous day, and has decreased 17.08% in one year. It has underperformed other stocks in the Packaged Foods industry by 0.05 percentage points. Kellanova stock is currently +17.73% from its 52-week low of $47.63, and -22.45% from its 52-week high of $72.30.
At the moment, there are 340.68M K shares outstanding. The market capitalization of K is $19.10B. In the last 24 hours, 1.77M K shares were traded.
How to Buy Kellanova Stock
Not sure how to invest in Kellanova stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Choose your payment method and add your info.
- 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).
- 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.
- 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.
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Open eToro AccountStep 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.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
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.
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
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 overvalued based on its P/E ratio of 20.17x, relative to Packaged Foods industry P/E ratio of 8.38x
- K may be overvalued based on its P/B ratio of 6.02x, relative to Packaged Foods industry P/B ratio of 2.08x
- K could be undervalued based on its PEG ratio of 0.49x
You can access more valuation research on K's stock here.
K Financial Health Summary
Passed Health Checks:
- K's operating cash flow of $1.65B allows it to safely service it's debt of $6.53B.
- Total K debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the K balance sheet.
- There are more short-term liabilities than short-term assets on the K balance sheet.
- K has a relatively high debt to equity ratio of 3.86.
- K earnings of $1.51B is not enough to cover its interest payments.
- K profit margin has gone down from 7.6% to 7.2% in the past year.
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
John Baumgartner, a top 22% 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 14% 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 23% 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.
Pamela Kaufman, a top 11% analyst from Morgan Stanley maintains K with a hold rating and lowers their K price target from $68.00 to $57.00, on Nov 9, 2023.
You can dig deeper into what analysts are projecting on the Kellanova stock forecast page.
Metrics for Advanced K Traders
K Growth Metrics
Last year, K earnings were $951.00M. In the past 5 year, K's earnings have increased by -6.3% per year. This was slower than the Packaged Foods industry average of 8.52%.
Last year, K revenue was $13.12B. Over the last five year, K's revenue has increased by -0.64% per year. This was slower than the Packaged Foods industry average of 5.56%.
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 $4,306,074.40 worth of K stock on Apr 15, 2024.
Dig into more about who owns K shares here.
Can I get consistent income from K stock?
Kellanova pays a dividend of 4.12%, compared to the Packaged Foods industry's average dividend yield of 3.48%. If you owned $1,000 of K stock, you would have been paid $41.20 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.
Get analysis from other traders
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
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.
If you need more help buying stocks on eToro, click the helpful video below:
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:
- Choose where to buy Kellanova stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Kellanova stock
- Place your K purchase
- 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 TodayIf you want to keep track of your new investment in Kellanova, create a watchlist on WallStreetZen today.
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