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This Week’s Stock Picks & BNN Top Picks Summary: KO-N, ABBV-N and 18 Stock and 6 ETF Top Picks (Dec 01-07)Unraveling 15 of the Best Natural Gas Stocks: A Canada-USA Showdown!Consumer, housing data misses, stocks sinkKellanova 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
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.
Kellanova was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Kellanova.
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.
In the last year 1 stock analyst on Stockchase covered Kellanova. The stock is worth watching.
On 2023-12-07, Kellanova (K-N) stock closed at a price of $54.16.
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.