kellanova - K

K

Close Chg Chg %
81.17 -0.07 -0.09%

Pre-Market

81.10

-0.07 (0.09%)

Volume: 4.01M

Last Updated:

Nov 25, 2024, 3:59 PM EDT

Company Overview: kellanova - K

K Key Data

Open

$81.07

Day Range

80.85 - 81.16

52 Week Range

51.03 - 81.34

Market Cap

$27.98B

Shares Outstanding

344.70M

Public Float

292.53M

Beta

0.38

Rev. Per Employee

N/A

P/E Ratio

27.90

EPS

$2.94

Yield

277.20%

Dividend

$0.57

EX-DIVIDEND DATE

Dec 2, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

2.25M

 

K Performance

1 Week
 
0.00%
 
1 Month
 
0.36%
 
3 Months
 
0.62%
 
1 Year
 
51.80%
 
5 Years
 
31.64%
 

K Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 18
Full Ratings ➔

About kellanova - K

Kellanova engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It operates through the following segments: North America, Europe, Latin America, and Asia Middle East Africa. The North America segment includes the U.S. businesses and Canada. The Europe segment consists of European countries. The Latin America segment focuses on Central and South America, and Mexico. The Asia Middle East Africa segment is involved in Africa, Middle East, Australia, and Other Asian and Pacific markets. The company was founded by Will Keith Kellogg in 1906 and is headquartered in Chicago, IL.

K At a Glance

Kellanova
412 North Wells Street
Chicago, Illinois 60654
Phone 1-269-961-2000 Revenue 13.12B
Industry Food: Specialty/Candy Net Income 951.00M
Sector Consumer Non-Durables Employees 23,000
Fiscal Year-end 12 / 2024
View SEC Filings

K Valuation

P/E Current 27.899
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 20.283
Price to Sales Ratio 1.47
Price to Book Ratio 5.998
Price to Cash Flow Ratio 11.726
Enterprise Value to EBITDA 12.874
Enterprise Value to Sales 1.961
Total Debt to Enterprise Value 0.254

K Efficiency

Revenue/Employee 570,521.739
Income Per Employee 41,347.826
Receivables Turnover 8.369
Total Asset Turnover 0.769

K Liquidity

Current Ratio 0.658
Quick Ratio 0.412
Cash Ratio 0.054

K Profitability

Gross Margin 33.524
Operating Margin 12.445
Pretax Margin 7.926
Net Margin 7.247
Return on Assets 4.543
Return on Equity 21.782
Return on Total Capital 7.989
Return on Invested Capital 8.36

K Capital Structure

Total Debt to Total Equity 205.543
Total Debt to Total Capital 67.271
Total Debt to Total Assets 41.777
Long-Term Debt to Equity 177.039
Long-Term Debt to Total Capital 57.942
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Kellanova - K

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
13.77B 14.18B 15.31B 13.12B
Sales Growth
+1.41% +2.98% +8.00% -14.32%
Cost of Goods Sold (COGS) incl D&A
9.05B 9.69B 10.75B 8.72B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
479.00M 467.00M 478.00M 366.00M
Depreciation
- - - 452.00M
-
Amortization of Intangibles
- - - 27.00M
-
COGS Growth
-1.05% +7.01% +10.91% -18.83%
Gross Income
4.72B 4.49B 4.57B 4.40B
Gross Income Growth
+6.50% -4.75% +1.71% -3.72%
Gross Profit Margin
+34.25% +31.68% +29.83% +33.52%
2020 2021 2022 2023 5-year trend
SG&A Expense
2.93B 2.81B 2.93B 2.77B
Research & Development
135.00M 134.00M 127.00M 116.00M
Other SG&A
2.80B 2.68B 2.80B 2.65B
SGA Growth
+1.35% -4.16% +4.23% -5.63%
Other Operating Expense
- - - -
-
Unusual Expense
(17.00M) (96.00M) 3.00M 81.00M
EBIT after Unusual Expense
1.80B 1.78B 1.64B 1.55B
Non Operating Income/Expense
105.00M 418.00M (177.00M) (161.00M)
Non-Operating Interest Income
21.00M 12.00M 33.00M 101.00M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
303.00M 228.00M 261.00M 351.00M
Interest Expense Growth
-3.50% -24.75% +14.47% +34.48%
Gross Interest Expense
303.00M 228.00M 261.00M 351.00M
Interest Capitalized
- - - -
-
Pretax Income
1.60B 1.97B 1.20B 1.04B
Pretax Income Growth
+22.68% +22.80% -39.11% -13.12%
Pretax Margin
+11.63% +13.86% +7.82% +7.93%
Income Tax
323.00M 474.00M 244.00M 258.00M
Income Tax - Current - Domestic
155.00M 232.00M 182.00M 182.00M
Income Tax - Current - Foreign
100.00M 117.00M 108.00M 114.00M
Income Tax - Deferred - Domestic
65.00M 44.00M (45.00M) (26.00M)
Income Tax - Deferred - Foreign
3.00M 81.00M (1.00M) (12.00M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
1.26B 1.50B 962.00M 788.00M
Minority Interest Expense
13.00M 7.00M 2.00M 13.00M
Net Income
1.25B 1.49B 960.00M 775.00M
Net Income Growth
+30.31% +18.94% -35.48% -19.27%
Net Margin Growth
+9.08% +10.49% +6.27% +5.91%
Extraordinaries & Discontinued Operations
- - - 176.00M
-
Discontinued Operations
- - - 176.00M
-
Net Income After Extraordinaries
1.25B 1.49B 960.00M 951.00M
Preferred Dividends
- - - -
-
Net Income Available to Common
1.25B 1.49B 960.00M 951.00M
EPS (Basic)
3.6472 4.3636 2.8152 2.7807
EPS (Basic) Growth
+29.55% +19.64% -35.48% -1.23%
Basic Shares Outstanding
343.00M 341.00M 341.00M 342.00M
EPS (Diluted)
3.6261 4.3382 2.7907 2.7565
EPS (Diluted) Growth
+29.56% +19.64% -35.67% -1.23%
Diluted Shares Outstanding
345.00M 343.00M 344.00M 345.00M
EBITDA
2.26B 2.15B 2.12B 2.00B
EBITDA Growth
+12.10% -5.04% -1.44% -5.53%
EBITDA Margin
+16.42% +15.14% +13.82% +15.23%

Snapshot

Average Recommendation HOLD Average Target Price 81.75
Number of Ratings 18 Current Quarters Estimate 0.831
FY Report Date 12 / 2024 Current Year's Estimate 3.756
Last Quarter’s Earnings 0.92 Median PE on CY Estimate N/A
Year Ago Earnings 3.18 Next Fiscal Year Estimate 3.924
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 16 13 17 17
Mean Estimate 0.83 1.05 3.76 3.92
High Estimates 0.89 1.08 3.83 4.11
Low Estimate 0.80 0.97 3.65 3.79
Coefficient of Variance 3.22 3.11 1.09 1.99

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 0 0 2
OVERWEIGHT 0 1 1
HOLD 18 19 17
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Hold Hold Hold

Insider Actions for Kellanova - K

Date Name Shares Transaction Value
Nov 8, 2024 W.K. Kellogg Foundation Trust 49,566,191 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $80.89 per share 4,009,409,189.99
Jun 7, 2024 W.K. Kellogg Foundation Trust Director 720 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 29, 2024 W.K. Kellogg Foundation 51,531,038 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $60.16 per share 3,100,107,246.08
May 16, 2024 Stephanie A. Burns Director 11,325 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 16, 2024 G. Zachary Gund Director 20,179 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
May 8, 2024 La June Montgomery Tabron Director 31,293 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 1,878,831.72
May 8, 2024 J. Michael Schlotman Director 11,294 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 678,091.76
May 8, 2024 Nicolas Amaya Senior Vice President 26,191 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $60.05 per share 1,572,769.55
May 8, 2024 Carolyn M. Tastad Director 25,631 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 1,538,885.24
May 8, 2024 Roderick D. Gillum Director 16,441 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 987,117.64
May 8, 2024 Erica L. Mann Director 16,436 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 986,817.44
May 8, 2024 Carter Cast Director 21,328 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 1,280,533.12
May 8, 2024 G. Zachary Gund Director 28,772 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 1,727,470.88
May 8, 2024 Mary A. Laschinger Director 36,113 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 2,168,224.52
May 8, 2024 Donald R. Knauss Director 56,141 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 3,370,705.64
May 8, 2024 Stephanie A. Burns Director 31,293 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $60.04 per share 1,878,831.72
Feb 29, 2024 Amit Banati Vice Chairman & CFO N/A Bona fide gift 0.00
Feb 29, 2024 Amit Banati Vice Chairman & CFO 111,796 Bona fide gift 0.00
Feb 22, 2024 Steven A. Cahillane Chairman, Pres. & CEO; Director 438,629 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Feb 22, 2024 Steven A. Cahillane Chairman, Pres. & CEO; Director 359,249 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $55.47 per share 19,927,542.03

Kellanova in the News

Markets

Kellogg to split into 3 companies

Kellogg Company said that it would split its North American cereal and plant-based foods businesses into three independent companies, expanding profit margins.