KellanovaK
Market Cap: $27.4B
About: Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and MorningStar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.
Employees: 23,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
48% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 67
43% more call options, than puts
Call options by funds: $142M | Put options by funds: $98.7M
40% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]
4% more funds holding
Funds holding: 815 [Q1] → 847 (+32) [Q2]
0% more capital invested
Capital invested by funds: $17B [Q1] → $17B (+$45.8M) [Q2]
0.37% less ownership
Funds ownership: 86.83% [Q1] → 86.45% (-0.37%) [Q2]
6% less repeat investments, than reductions
Existing positions increased: 283 | Existing positions reduced: 302
Research analyst outlook
19 Wall Street Analysts provided 1 year price targets over the past 3 months
19 analyst ratings
Deutsche Bank Steve Powers 93% 1-year accuracy 13 / 14 met price target | 4%upside $84 | Hold Maintained | 15 Aug 2024 |
RBC Capital Nik Modi 58% 1-year accuracy 22 / 38 met price target | 4%upside $84 | Sector Perform Downgraded | 15 Aug 2024 |
Wells Fargo Chris Carey 52% 1-year accuracy 12 / 23 met price target | 4%upside $84 | Equal-Weight Maintained | 15 Aug 2024 |
Piper Sandler Michael Lavery 67% 1-year accuracy 20 / 30 met price target | 4%upside $84 | Neutral Maintained | 15 Aug 2024 |
Barclays Andrew Lazar 75% 1-year accuracy 12 / 16 met price target | 4%upside $83 | Equal-Weight Maintained | 15 Aug 2024 |
Financial journalist opinion
Based on 76 articles about K published over the past 30 days