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Kellanova (K) Stock Price, News & Analysis

Kellanova logo
$80.96 +0.17 (+0.21%)
(As of 11/21/2024 ET)

About Kellanova Stock (NYSE:K)

Key Stats

Today's Range
$80.69
$81.04
50-Day Range
$80.50
$81.19
52-Week Range
$51.02
$81.34
Volume
1.36 million shs
Average Volume
3.02 million shs
Market Capitalization
$27.91 billion
P/E Ratio
27.82
Dividend Yield
2.82%
Price Target
$76.35
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
71st Percentile Overall Score

K MarketRank™: 

Kellanova scored higher than 71% of companies evaluated by MarketBeat, and ranked 121st out of 290 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 2.07, and is based on 1 buy rating, 14 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Kellanova has only been the subject of 3 research reports in the past 90 days.

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

    Earnings for Kellanova are expected to grow by 4.81% in the coming year, from $3.74 to $3.92 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Kellanova is 27.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.84.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kellanova is 27.82, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 19.40.

  • Price to Earnings Growth Ratio

    Kellanova has a PEG Ratio of 2.59. 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 7.43. 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

    1.73% 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 1.5, 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 4.36%, indicating that investor sentiment is improving.
  • Dividend Yield

    Kellanova pays a meaningful dividend of 2.83%, 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 78.35%. 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 58.16% 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

    1.73% 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 1.5, 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 4.36%, indicating that investor sentiment is improving.
  • News Sentiment

    Kellanova has a news sentiment score of 0.78. 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 is a higher news sentiment than the 0.67 average news sentiment score of Consumer Discretionary companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for Kellanova this week, compared to 14 articles on an average week.
  • Search Interest

    30 people have searched for K on MarketBeat in the last 30 days. This is an increase of 58% compared to the previous 30 days.
  • MarketBeat Follows

    7 people have added Kellanova to their MarketBeat watchlist in the last 30 days. This is an increase of 40% 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 $89,483,556.00 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.
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K Stock News Headlines

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K Stock Analysis - Frequently Asked Questions

Kellanova's stock was trading at $55.91 at the beginning of the year. Since then, K stock has increased by 44.8% and is now trading at $80.9550.
View the best growth stocks for 2024 here
.

Kellanova (NYSE:K) announced its quarterly earnings results on Thursday, October, 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. The firm's quarterly revenue was down .7% compared to the same quarter last year.

Kellanova's board initiated a stock buyback program on Monday, December 12th 2022, which authorizes the company to buy back $1,500,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 6.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

The following companies are subsidiaries of Kellanova: RxBar, Parati Group, Ritmo Investimentos, Mass Food, Bisco Misr, Pringles, Specialty Cereals Pty Limited, and more.

Top institutional shareholders of Kellanova include Kellogg W K Foundation Trust (14.55%), State Street Corp (4.27%), Geode Capital Management LLC (1.95%) and UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (0.75%). 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 Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

Ex-Dividend for 9/13 Dividend
9/03/2024
Dividend Payable
9/13/2024
Last Earnings
10/31/2024
Today
11/21/2024
Ex-Dividend for 12/13 Dividend
12/02/2024
Dividend Payable
12/13/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/13/2025

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
$76.35
High Stock Price Target
$83.50
Low Stock Price Target
$57.00
Potential Upside/Downside
-5.7%
Consensus Rating
Hold
Rating Score (0-4)
2.07
Research Coverage
15 Analysts

Profitability

Net Income
$951 million
Pretax Margin
10.13%

Debt

Sales & Book Value

Annual Sales
$13.12 billion
Cash Flow
$4.52 per share
Book Value
$10.90 per share

Miscellaneous

Free Float
338,493,000
Market Cap
$27.91 billion
Optionable
Optionable
Beta
0.39

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This page (NYSE:K) was last updated on 11/22/2024 by MarketBeat.com Staff
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