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Kellanova (K-N)
NYSE:K
80.61
0.02
(0.02%) 1d
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Blow-out jobs report sparks rallyMild weakness as tech stabilizesTech sinks pre-earnings, TSX climbsThis summary was created by AI, based on 2 opinions in the last 12 months.
Kellanova, with symbol K-N, is a leading producer of cereal and savory snacks with well-loved brands that delight families in over 180 countries. The company has seen a significant increase in social media mentions, indicating strong consumer engagement. However, the recent spin off of cereals into a separate company reflects the market's perception of cereal as a non-growth business. Despite the strong performance of snacks in the past, there are concerns about slowing growth and potential impact from new weight-loss drugs. Overall, the company's future outlook seems uncertain with conflicting opinions from experts.
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Plunged 29% this past week. Packaged food stocks have been hammered in this market. Cereal is not a growth business, but snacks are. Before the recent spin off, K saw 80% of sales from snacks like Pringles. So Kellogg's spun off cereals into a separate company. From 2019-22, snacks saw nearly 9% annual organic compound revenue growth (vs. cereal below 1%). But snacking has slowed. K forecasts only 3% revenue growth full year, much lower than 12 months ago. Then, these new weight-loss drugs will likely reduce craving for snacks. The street fears cash-flow problems and predicts more borrowing. So, he prefers Kellanova for its snacks over KLG (cereals), but wouldn't buy either.
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Kellanova(K-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
Kellanova(K-N) Frequently Asked Questions
What is Kellanova stock symbol?
Kellanova is a American stock, trading under the symbol K-N on the New York Stock Exchange (K). It is usually referred to as NYSE:K or K-N
Is Kellanova a buy or a sell?
In the last year, 1 stock analyst published opinions about K-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kellanova.
Is Kellanova a good investment or a top pick?
Kellanova was recommended as a Top Pick by on . Read the latest stock experts ratings for Kellanova.
Why is Kellanova stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Kellanova worth watching?
In the last year 1 stock analyst on Stockchase covered Kellanova. The stock is worth watching.
What is Kellanova stock price?
On 2024-10-04, Kellanova (K-N) stock closed at a price of $80.61.
Driven by the legacy of our innovative founder, w.k. kellogg, the kellogg company is the world’s leading producer of cereal, and a leader in cookies, crackers, and savory snacks production. every day, our well-loved brands, delight families in more than 180 countries. with annual sales of more than $14 billion, our brands include cheez-it®, coco pops®, corn flakes®, eggo®, frosted flakes®, keebler®, kellogg’s®, mini-wheats®, pop-tarts®, pringles®, rice krispies®, special k®, and many more. Social media mentions are up 300% in the past 24h.