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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

Stockchase rating for Kellanova is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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 never recommended as a Top Pick on Stockchase. 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 2023-12-07, Kellanova (K-N) stock closed at a price of $54.16.