Professional
Added to YB: 2024-04-02
Pitch date: 2024-03-25
K [bullish]
Kellanova
+57.45%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$29.0B
Pitch Price
$53.00
Price Target
75.00 (-10%)
Dividend
2.78%
EV/EBITDA
14.54
P/E
22.82
EV/Sales
2.77
Sector
Food Products
Category
growth
Kellanova's Commitment to Bring Consumer-Valued Innnovation to Shelves Supporting Its Brand Health
Kellanova ($K): Snack-focused post-split, prioritizing innovation & efficiency. 60% sales from snacks, 30% EM. Cost pressures loom but spending on brands/capacity intact. Diverse geo aids growth: 4-5% EM vs 2-3% DM expected. $75 FVE on 3-5% sales, 5-7% profit growth potential.
Read full article (9 min)