DA Davidson Issues Optimistic Outlook for Kellanova Earnings

Kellanova (NYSE:K - Free Report) - DA Davidson raised their FY2025 earnings per share estimates for Kellanova in a research note issued on Tuesday, February 18th. DA Davidson analyst B. Holland now expects that the company will post earnings per share of $4.19 for the year, up from their prior estimate of $4.11. The consensus estimate for Kellanova's current full-year earnings is $3.93 per share.

A number of other research firms have also recently issued reports on K. StockNews.com initiated coverage on Kellanova in a research note on Sunday, February 16th. They issued a "hold" rating on the stock. Royal Bank of Canada raised shares of Kellanova from a "sector perform" rating to an "outperform" rating and set a $83.50 target price for the company in a research note on Tuesday. Finally, BNP Paribas lowered shares of Kellanova from an "outperform" rating to a "neutral" rating and set a $83.00 price target on the stock. in a research note on Friday, November 1st. Thirteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Kellanova currently has an average rating of "Hold" and an average target price of $77.96.

Kellanova Stock Performance

NYSE:K traded up $0.18 during midday trading on Wednesday, reaching $82.63. 2,042,728 shares of the company traded hands, compared to its average volume of 2,356,228. The firm has a market capitalization of $28.48 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 4.21 and a beta of 0.37. The company has a fifty day moving average price of $81.51 and a 200 day moving average price of $80.64. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56. Kellanova has a twelve month low of $52.46 and a twelve month high of $82.72.

Kellanova (NYSE:K - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.61. Kellanova had a net margin of 10.53% and a return on equity of 37.25%.

Kellanova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.76%. Kellanova's payout ratio is 58.91%.

Insider Activity

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $80.70, for a total transaction of $9,246,848.10. Following the completion of the sale, the insider now directly owns 49,107,859 shares of the company's stock, valued at $3,963,004,221.30. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 1,145,830 shares of company stock worth $93,291,187. Corporate insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank grew its holdings in shares of Kellanova by 5.1% during the 3rd quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock valued at $14,435,000 after acquiring an additional 8,686 shares in the last quarter. Principal Financial Group Inc. grew its stake in Kellanova by 6.9% in the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company's stock valued at $30,169,000 after purchasing an additional 24,067 shares in the last quarter. Wedmont Private Capital acquired a new position in Kellanova in the 4th quarter worth about $384,000. Barclays PLC raised its stake in shares of Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after purchasing an additional 1,033,383 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Kellanova during the 3rd quarter valued at about $4,211,000. 83.87% of the stock is owned by institutional investors and hedge funds.

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.