Q1 Earnings Estimate for Kellanova Issued By DA Davidson

Kellanova (NYSE:K - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Kellanova in a research report issued on Tuesday, February 18th. DA Davidson analyst B. Holland anticipates that the company will post earnings of $0.85 per share for the quarter. The consensus estimate for Kellanova's current full-year earnings is $3.93 per share.

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

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

Kellanova Trading Up 0.2 %

K traded up $0.18 during trading on Thursday, hitting $82.63. The company's stock had a trading volume of 2,683,975 shares, compared to its average volume of 2,389,531. Kellanova has a twelve month low of $52.46 and a twelve month high of $82.72. The company has a quick ratio of 0.56, a current ratio of 0.81 and a debt-to-equity ratio of 1.29. The stock's fifty day moving average price is $81.51 and its 200-day moving average price is $80.64. The firm has a market capitalization of $28.48 billion, a P/E ratio of 21.35, a PEG ratio of 4.21 and a beta of 0.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank boosted its position in Kellanova by 5.1% in the third quarter. Toronto Dominion Bank now owns 178,845 shares of the company's stock worth $14,435,000 after purchasing an additional 8,686 shares during the last quarter. Principal Financial Group Inc. boosted its position in Kellanova by 6.9% in the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company's stock worth $30,169,000 after purchasing an additional 24,067 shares during the last quarter. Wedmont Private Capital purchased a new position in Kellanova in the fourth quarter worth $384,000. Barclays PLC boosted its position in Kellanova by 134.7% in the third 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 during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Kellanova in the third quarter worth $4,211,000. Hedge funds and other institutional investors own 83.87% of the company's stock.

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $80.70, for a total value of $9,246,848.10. Following the transaction, the insider now owns 49,107,859 shares of the company's stock, valued at approximately $3,963,004,221.30. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 1,145,830 shares of company stock worth $93,291,187. 1.80% of the stock is owned by corporate insiders.

Kellanova Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.76%. Kellanova's dividend payout ratio (DPR) is currently 58.91%.

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.