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Kellanova (K) Stock Price, News & Analysis

$80.65
+0.01 (+0.01%)
(As of 09/18/2024 ET)

About Kellanova Stock (NYSE:K)

Key Stats

Today's Range
$80.63
$80.91
50-Day Range
$56.32
$80.79
52-Week Range
$47.63
$80.97
Volume
2.46 million shs
Average Volume
3.29 million shs
Market Capitalization
$27.57 billion
P/E Ratio
30.21
Dividend Yield
2.83%
Price Target
$74.32
Consensus Rating
Hold

Company Overview

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. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, Morningstar Farms, Bisco, Club, Luxe, Minueto, Special K, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Müsli, Fruit n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, and Choco Krispies brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was formerly known as Kellogg Company and changed its name to Kellanova in October 2023. Kellanova was founded in 1906 and is headquartered in Chicago, Illinois.

Kellanova Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 81st Percentile

Kellanova scored higher than 81% of companies evaluated by MarketBeat, and ranked 85th out of 301 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Kellanova has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 13 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Kellanova has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Kellanova's stock forecast and price target.
  • Earnings Growth

    Earnings for Kellanova are expected to grow by 5.41% in the coming year, from $3.70 to $3.90 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Kellanova is 30.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kellanova is 30.21, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 15.98.

  • Price to Earnings Growth Ratio

    Kellanova has a PEG Ratio of 2.57. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Kellanova has a P/B Ratio of 8.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Kellanova's valuation and earnings.
  • Percentage of Shares Shorted

    2.78% of the float of Kellanova has been sold short.
  • Short Interest Ratio / Days to Cover

    Kellanova has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Kellanova has recently decreased by 18.01%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Kellanova pays a meaningful dividend of 2.84%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Kellanova does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Kellanova is 85.39%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Kellanova will have a dividend payout ratio of 58.46% next year. This indicates that Kellanova will be able to sustain or increase its dividend.

  • Read more about Kellanova's dividend.
  • Percentage of Shares Shorted

    2.78% of the float of Kellanova has been sold short.
  • Short Interest Ratio / Days to Cover

    Kellanova has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Kellanova has recently decreased by 18.01%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Kellanova has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Kellanova this week, compared to 14 articles on an average week.
  • Search Interest

    Only 4 people have searched for K on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days.
  • MarketBeat Follows

    Only 4 people have added Kellanova to their MarketBeat watchlist in the last 30 days. This is a decrease of -69% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Kellanova insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $69,596,129.00 in company stock.

  • Percentage Held by Insiders

    Only 1.80% of the stock of Kellanova is held by insiders.

  • Percentage Held by Institutions

    83.87% of the stock of Kellanova is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Kellanova's insider trading history.

K Stock News Headlines

Kellanova (NYSE:K) Major Shareholder Sells $9,241,118.95 in Stock
Tim Sykes’ Urgent Trade Alert: “Make this move now”
WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…
In this photo provided by Kim Ha, W
Colman Domingo is practicing racial healing on and off the screen -- and wants you to join him
Colman Domingo has implicitly invited audiences to join his journey of racial healing across a Hollywood career spent largely in supporting roles
See More Headlines

K Stock Analysis - Frequently Asked Questions

Kellanova's stock was trading at $55.91 at the start of the year. Since then, K stock has increased by 44.2% and is now trading at $80.65.
View the best growth stocks for 2024 here
.

Kellanova (NYSE:K) issued its quarterly earnings results on Thursday, August, 1st. The company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.11. Kellanova's quarterly revenue was down 4.7% on a year-over-year basis.
Read the conference call transcript
.

Kellanova's Board of Directors initiated a stock buyback program on Monday, December 12th 2022, which authorizes the company to buy back $1,500,000,000 in outstanding shares, according to EventVestor. This means that the company could purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Kellanova subsidiaries include these companies: RxBar, Parati Group, Ritmo Investimentos, Mass Food, Bisco Misr, Pringles, Specialty Cereals Pty Limited, and more.

Kellanova's top institutional shareholders include Kellogg W K Foundation Trust (14.98%), Dimensional Fund Advisors LP (0.77%), Yacktman Asset Management LP (0.63%) and D. E. Shaw & Co. Inc. (0.55%). Insiders that own company stock include Kellogg W K Foundation Trust, Amit Banati, Christopher M Hood, Nicolas Amaya, Gary H Pilnick, Kris Bahner, Rodrigo Lance, Kurt D Forche and Alistair D Hirst.
View institutional ownership trends
.

Shares of K stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Kellanova investors own include Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Exxon Mobil (XOM), Intel (INTC), Coca-Cola (KO) and Pfizer (PFE).

Company Calendar

Last Earnings
8/01/2024
Ex-Dividend for 9/13 Dividend
9/03/2024
Dividend Payable
9/13/2024
Today
9/18/2024
Next Earnings (Estimated)
11/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
Packaged Foods & Meats
CUSIP
48783610
Employees
23,000
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$74.32
High Stock Price Target
$83.50
Low Stock Price Target
$57.00
Potential Upside/Downside
-7.8%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
15 Analysts

Profitability

Net Income
$951 million
Pretax Margin
8.67%

Debt

Sales & Book Value

Annual Sales
$12.82 billion
Cash Flow
$4.54 per share
Book Value
$9.89 per share

Miscellaneous

Free Float
335,730,000
Market Cap
$27.57 billion
Optionable
Optionable
Beta
0.39

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This page (NYSE:K) was last updated on 9/18/2024 by MarketBeat.com Staff
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