Stifel Nicolaus analyst Matthew Smith, CFA maintained a Hold rating on Kellanova (K – Research Report) today and set a price target of $83.50. The company’s shares closed yesterday at $80.65.
Smith, CFA covers the Consumer Defensive sector, focusing on stocks such as Lamb Weston Holdings, Altria Group, and Kellanova. According to TipRanks, Smith, CFA has an average return of 14.2% and a 60.00% success rate on recommended stocks.
Kellanova has an analyst consensus of Hold, with a price target consensus of $79.47, implying a -1.46% downside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $83.00 price target.
Based on Kellanova’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.23 billion and a net profit of $367 million. In comparison, last year the company earned a revenue of $3.26 billion and had a net profit of $269 million
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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.
