FY2025 Earnings Forecast for Kellanova Issued By DA Davidson

Kellanova (NYSE:K) – Stock analysts at DA Davidson raised their FY2025 earnings estimates for shares of Kellanova in a report issued on Tuesday, February 18th. DA Davidson analyst B. Holland now anticipates that the company will post earnings of $4.19 per share for the year, up from their previous forecast of $4.11. The consensus estimate for Kellanova’s current full-year earnings is $3.92 per share.

Other analysts have also issued research reports about the stock. Royal Bank of Canada upgraded shares of Kellanova from a “sector perform” rating to an “outperform” rating and set a $83.50 price target for the company in a research note on Tuesday. StockNews.com began coverage on shares of Kellanova in a report on Sunday. They set a “hold” rating on the stock. Finally, BNP Paribas downgraded shares of Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a report on Friday, November 1st. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Kellanova has an average rating of “Hold” and an average price target of $77.96.

Kellanova Stock Performance

Shares of K stock opened at $82.40 on Wednesday. The firm has a market capitalization of $28.40 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 4.21 and a beta of 0.37. The firm has a fifty day simple moving average of $81.44 and a two-hundred day simple moving average of $80.49. The company has a current ratio of 0.81, a quick ratio of 0.56 and a debt-to-equity ratio of 1.29. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.49.

Kellanova (NYSE:K) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.92 EPS for the quarter, beating 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%.

Institutional Investors Weigh In On Kellanova

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in K. Stonebridge Financial Group LLC bought a new stake in shares of Kellanova during the fourth quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of Kellanova during the fourth quarter valued at about $28,000. Rialto Wealth Management LLC bought a new stake in shares of Kellanova during the fourth quarter valued at about $32,000. Flagship Wealth Advisors LLC bought a new stake in shares of Kellanova during the fourth quarter valued at about $32,000. Finally, MCF Advisors LLC increased its position in shares of Kellanova by 48.8% during the third quarter. MCF Advisors LLC now owns 418 shares of the company’s stock valued at $34,000 after buying an additional 137 shares during the period. 83.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $81.21, for a total value of $9,305,285.43. Following the sale, the insider now directly owns 49,222,442 shares in the company, valued at approximately $3,997,354,514.82. The trade was a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,145,830 shares of company stock valued at $93,291,187. 1.80% of the stock is owned by insiders.

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.