Latest news with #Kellanova
Yahoo
4 days ago
- Business
- Yahoo
Ferrero Group to Acquire Kellanova's (K) Sister Company WK Kellogg for $3.1 Billion
Kellanova (NYSE:K) is one of the best alternative meat stocks to invest in according to analysts. On July 22, the company announced that it is on track to eliminate FD&C synthetic colors from all U.S. products by the end of 2027, with school foods transitioning by the 2026–2027 academic year. Already, 80% of its retail items and 95% of K-12 offerings are free of these additives, reflecting strong progress in its clean-label initiative. The company has revamped key product lines like Eggo, Nutri-Grain, RXBAR, and Morningstar Farms to exclude artificial colors. For remaining items, Kellanova is actively exploring natural alternatives that preserve taste and texture, reinforcing its commitment to healthier ingredients without compromising quality. Kellanova (NYSE:K) is a global snacking and frozen foods company. It was formed in 2023 following the split of the Kellogg Company. Through its MorningStar Farms division, the company offers alternative meat products, including Chik'n nuggets & tenders, burgers, sausage & bacon-style strips, corn dogs, and other familiar meat-style products. It launched the Incogmeato line in 2019 to deliver refrigerated and frozen plant-based burgers, bratwurst, Italian sausage, and Chik'n items that mimic the texture of meat. While we acknowledge the potential of K as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 AI Stocks With Huge Upside Potential and 11 Best High Return Penny Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
4 days ago
- Business
- Yahoo
Kellanova Declares Regular Dividend of $0.58 per Share for Third Quarter
CHICAGO, July 25, 2025 /PRNewswire/ -- Kellanova (NYSE: K) today announced that its Board of Directors declared a dividend of $0.58 per share on the common stock of Kellanova, payable on September 15, 2025, to shareowners of record at the close of business on is September 2, 2025. The ex-dividend date is September 2, 2025. This is the 403rd dividend that Kellanova has paid to owners of common stock since 1925 and is a one cent increase from its previous quarterly rate. About Kellanova Kellanova (NYSE: K) is a leader in global snacking, international cereal and noodles, and North America frozen foods with a legacy stretching back more than 100 years. Powered by differentiated brands including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's ® Rice Krispies Treats®, RXBAR®, Eggo®, MorningStar Farms®, Special K®, Coco Pops®, and more, Kellanova's vision is to become the world's best-performing snacks-led powerhouse, unleashing the full potential of our differentiated brands and our passionate people. Our net sales for 2024 were approximately $13 billion. At Kellanova, our purpose is to create better days and ensure everyone has a seat at the table through our trusted food brands. We are committed to promoting sustainable and equitable food access by tackling the crossroads of hunger, sustainability, wellbeing, and equity, diversity & inclusion. Our goal is to create Better Days for 4 billion people by the end of 2030 (from a 2015 baseline). For more detailed information about our commitments, our approach to achieving these goals, and methodology, please visit our website at [K-DIV] [K-FIN] View original content to download multimedia: SOURCE Kellanova IR Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
22-07-2025
- Business
- Bloomberg
Kellanova to Remove Synthetic Dyes From Retail Foods by 2028
Kellanova said it's on track to remove synthetic food dyes from its retail foods by 2028, following similar moves from other packaged-food companies as President Donald Trump's administration pressures the industry to remove the additives. The maker of Eggo waffles and Pringles potato chips said the dyes will be eliminated from foods provided to US schools during the 2026-2027 academic year.
Yahoo
15-07-2025
- Business
- Yahoo
Kraft Heinz breakup: Path to valuation creation or simply Kellanova 2.0?
-- Kraft Heinz shares came into focus after The Wall Street Journal reported on Friday that the company is exploring a breakup, potentially spinning off its grocery business while retaining its higher-margin sauces and spreads division. But analysts at Bank of America are skeptical the move would generate meaningful upside. 'We do not see significant upside to Friday's closing share price for KHC of $27.14,' BofA wrote in a note to clients, assuming Taste Elevation (Heinz, Philadelphia) would remain and Grocery-co (Kraft, Oscar Mayer, Velveeta) would be spun out. The firm maintained its Underperform rating and $29 price target on the stock. 'Assuming Taste-Elevation-co is valued at high end of HNZ's historical range (12x) and Grocery-co valued at low end of KRFT's historical range (8x) we see limited implied valuation potential,' BofA said. Dis-synergies from a split could shave 7% of sales. BofA drew parallels to Kellanova (NYSE:K), which spun off its North American cereal business in 2023 and became a takeover target less than a year later. However, the note questioned whether Kraft Heinz (NASDAQ:KHC) could achieve similar results, particularly given soft fundamentals and questions surrounding assets like Oscar Mayer. BofA concluded that while the breakup could simplify the story, 'the path to significant value creation likely relies on Taste-Elevation-co achieving a similar outcome to Kellanova.' Meanwhile, Morgan Stanley is also unconvinced of immediate value creation, but it noted that investor sentiment 'has been weak/apathetic,' and that 'the stock will find support until there is more clarity on any potential proposed transaction.' The firm added that 'unlocking perceived sum-of-the-parts value would seem to be the most obvious rationale.' Related articles Kraft Heinz breakup: Path to valuation creation or simply Kellanova 2.0? These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia Buy this massive AI stock into upcoming Q2 print: Morgan Stanley Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
What You Need to Know Ahead of Kellanova's Earnings Release
Valued at a market cap of $27.6 billion, Kellanova (K) manufactures and markets snacks and convenience foods. The Chicago, Illinois-based company offers a wide range of products under various well-known brands, including Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, and Morningstar Farms to name a few. It is expected to announce its fiscal Q2 earnings for 2025 before the market opens on Thursday, Jul. 31. Ahead of this event, analysts expect this snacks and convenience food company to report a profit of $0.99 per share, down 2% from $1.01 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters, while missing on another occasion. In Q1, Kellanova's EPS of $0.90 fell short of the forecasted figure by 8.2%. Shopify Stock is a Bargain - How to Make a 3.2% One-Month Yield with SHOP Tariffs, Inflation and Other Key Things to Watch this Week Stocks Set to Open Lower as Trump Ratchets Up Tariff Threats, U.S. Inflation Data and Big Bank Earnings Awaited Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts expect K to report a profit of $3.76 per share, down 2.6% from $3.86 per share in fiscal 2024. Nonetheless, its EPS is expected to grow 2.7% year-over-year to $3.86 in fiscal 2026. Shares of Kellanova have rallied 39.8% over the past 52 weeks, considerably outpacing both the S&P 500 Index's ($SPX) 12.1% uptick and the Consumer Staples Select Sector SPDR Fund's (XLP) 4.8% return over the same time frame. Shares of Kellanova rose marginally on May 1, following its Q1 earnings release. Due to negative currency translation and widespread category softness, the company's overall revenue declined 3.7% year-over-year to $3.1 billion. Nonetheless, it sustained growth on an organic basis, driven by robust performance in its emerging markets. Meanwhile, on the earnings front, its adjusted operating profit fell 13.2% from the year-ago quarter to $441 million. In comparison, its adjusted EPS of $0.90 dipped 10.9% from the same period last year and fell short of the consensus estimates by 8.2%. Wall Street analysts are cautious about K's stock, with a unanimous "Hold" rating from all 15 analysts covering it. The mean price target for Kellanova is $83.39, which indicates a 5% potential upside from the current levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
