In a report released today, Brian Holland from D.A. Davidson maintained a Buy rating on Kellanova (K – Research Report). The company’s shares closed yesterday at $62.33.
According to TipRanks, Holland is a 3-star analyst with an average return of 4.5% and a 54.22% success rate. Holland covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Simply Good Foods, and Kellanova.
The word on The Street in general, suggests a Hold analyst consensus rating for Kellanova with a $61.80 average price target.
K market cap is currently $21.31B and has a P/E ratio of 23.35.
Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of K in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Kellanova (K) Company Description:
Kellogg Co. engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It markets cookies, crackers, crisps, and other convenience foods, under brands such as Kellogg’s, Keebler, Cheez-It, Pringles, Murray, Austin and Famous Amos, to supermarkets in the U.S. It operates through the following seven segments: North America, Europe, Latin America, and AMEA. The North America segment includes U.S. Frozen, Kashi company, and RX businesses. The Europe segment consists of European countries. The Latin America segment comprises of Central America and Mexico. The AMEA segment consists of Africa, Middle East, Australia and other Asian and Pacific markets. The company was founded by Will Keith Kellogg in 1906 and is headquartered in Battle Creek, MI.
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