DA Davidson Predicts Kellanova's FY2025 Earnings (NYSE:K)

Kellanova (NYSE:K - Free Report) - Equities researchers at DA Davidson decreased their FY2025 earnings per share estimates for shares of Kellanova in a research note issued to investors on Monday, May 5th. DA Davidson analyst B. Holland now anticipates that the company will post earnings per share of $3.90 for the year, down from their previous estimate of $4.19. The consensus estimate for Kellanova's current full-year earnings is $3.93 per share.

Kellanova (NYSE:K - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.11). The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.16 billion. Kellanova had a return on equity of 37.25% and a net margin of 10.53%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 EPS.

A number of other equities research analysts have also recently weighed in on K. StockNews.com cut Kellanova from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Royal Bank of Canada lowered Kellanova from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 14th. Thirteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $79.41.

Kellanova Stock Performance

Shares of K stock traded down $0.04 during trading hours on Wednesday, reaching $82.50. The stock had a trading volume of 2,183,976 shares, compared to its average volume of 2,678,257. The firm has a market capitalization of $28.48 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 4.21 and a beta of 0.30. The firm has a 50-day simple moving average of $82.39 and a 200-day simple moving average of $81.70. Kellanova has a twelve month low of $55.96 and a twelve month high of $83.22. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.81 and a quick ratio of 0.56.

Kellanova Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.76%. Kellanova's dividend payout ratio is presently 57.58%.

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of Kellanova stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $82.23, for a total value of $9,422,160.09. Following the completion of the sale, the insider now directly owns 48,191,195 shares in the company, valued at $3,962,761,964.85. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,374,996 shares of company stock valued at $113,261,858 over the last three months. Company insiders own 1.80% of the company's stock.

Institutional Trading of Kellanova

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its holdings in Kellanova by 134.7% during the 3rd quarter. Barclays PLC now owns 1,800,363 shares of the company's stock worth $145,309,000 after acquiring an additional 1,033,383 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Kellanova in the 3rd quarter valued at $210,000. Retirement Systems of Alabama grew its holdings in shares of Kellanova by 0.6% in the 3rd quarter. Retirement Systems of Alabama now owns 58,422 shares of the company's stock valued at $4,715,000 after acquiring an additional 351 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Kellanova by 6.9% during the third quarter. Principal Financial Group Inc. now owns 373,792 shares of the company's stock worth $30,169,000 after buying an additional 24,067 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in Kellanova by 52.9% in the 4th quarter. Nordea Investment Management AB now owns 33,434 shares of the company's stock valued at $2,704,000 after purchasing an additional 11,561 shares during the last quarter. 83.87% of the stock is currently owned by institutional investors and hedge funds.

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.