Tearsheet

Kellanova (K)

Market Price (9/16/2025): $78.91 | Market Cap: $27.3 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Kellanova (K)

Market Price (9/16/2025): $78.91
Market Cap: $27.3 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%	Trading close to highs Dist 52W High is -3.3%, Dist 3Y High is -3.3%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg QQuarterly Revenue Change % is -3.7%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%	Weak multi-year price returns 3Y Excs Rtn is -36%
2	Low stock price volatility Vol 12M is 4.7%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.9%, Dividend Yield is 2.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.4%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%
2	Low stock price volatility Vol 12M is 4.7%
3	Trading close to highs Dist 52W High is -3.3%, Dist 3Y High is -3.3%
4	Weak multi-year price returns 3Y Excs Rtn is -36%
5	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.7%, Rev Chg QQuarterly Revenue Change % is -3.7%

Market Valuation

	9/16/25	2024	2023	2022	2021
Share Price CYE	$78.91	$79.28	$52.94	$61.15	$53.47
Market Cap CYE ($ Bil)	27.3	27.3	18.1	21.2	18.3
Total Debt ($ Bil)	6.2	6.3	6.5	7.2	7.7
Total Cash ($ Bil)	0.3	0.7	0.3	0.3	0.3
Enterprise Value ($ Bil)	33.2	33.6	24.6	28.4	26.0
Valuation Ratios
P/S TTM	2.2	2.2	1.5	1.9	1.9
P/EBIT TTM	13.9	14.1	14.2	22.1	13.3
P/E TTM	19.8	20.7	20.1	25.4	14.8
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9	0.9	1.6
P/EBIT TTM (Sector)	8.5	8.9	10.0	9.4	11.6
P/E TTM (Sector)	12.7	12.1	14.0	12.0	16.2

	9/16/25	2024	2023
Share Price CYE	$78.91	$79.28	$52.94
Market Cap CYE ($ Bil)	27.3	27.3	18.1
Total Debt ($ Bil)	6.2	6.3	6.5
Total Cash ($ Bil)	0.3	0.7	0.3
Enterprise Value ($ Bil)	33.2	33.6	24.6
Valuation Ratios
P/S TTM	2.2	2.2	1.5
P/EBIT TTM	13.9	14.1	14.2
P/E TTM	19.8	20.7	20.1
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9
P/EBIT TTM (Sector)	8.5	8.9	10.0
P/E TTM (Sector)	12.7	12.1	14.0

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Kellogg Company, together with its subsidiaries, manufactures and markets snacks and convenience foods. The company operates through four segments: North America, Europe, Latin America, and Asia Middle East 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. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
K Return	-7%	7%	14%	-13%	50%	-0%	49%
Peers Return	55%	8%	-2%	6%	1%	-13%	52%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DAR, FRPT, MDLZ, HSY, KHC. See K Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Kellanova Earnings Notes
2	Kellanova vs T-Mobile US: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	Kellanova vs Keurig Dr Pepper: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	Kellanova vs Lamb Weston: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does K Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than K Stock: Pay Less Than Kellanova To Get More From MRK, D
7	Better Bet Than K Stock: Pay Less Than Kellanova To Get More From PPC, CALM
8	Better Bet Than K Stock: Pay Less Than Kellanova To Get More From PPC, CALM
9	Kellanova Total Shareholder Return (TSR): 53.0% in 2024 and 17.6% 3-yr compounded annual returns (above peer average)
10	Kellanova (K) Operating Cash Flow Comparison	Financials
11	ARTICLES
12	Ferrero Buys WK Kellogg: Sweet Deal or Fully Priced?		July 10th, 2025
13	Why Has Kellogg Stock Failed To Outperform The S&P Despite Consistent Sales Growth?		August 24th, 2022
14	Kellogg Stock Has Underperformed The Market Since 2018- Here’s Why		August 10th, 2022
15	Mock Meat Stocks Worth A Look Following Kellogg’s Planned Breakup?		June 30th, 2022
16	Despite Sales Growth, Kellogg Stock Has Underperformed The Broader Markets		June 10th, 2022

	Title
0	DASHBOARDS
1	Ferrero Buys WK Kellogg: Sweet Deal or Fully Priced?
2	Why Has Kellogg Stock Failed To Outperform The S&P Despite Consistent Sales Growth?
3	Kellogg Stock Has Underperformed The Market Since 2018- Here’s Why
4	Mock Meat Stocks Worth A Look Following Kellogg’s Planned Breakup?
5	Despite Sales Growth, Kellogg Stock Has Underperformed The Broader Markets
6	ARTICLES
7	Kellanova Earnings Notes
8	Kellanova vs T-Mobile US: Which Is A Better Investment?
9	Kellanova vs Keurig Dr Pepper: Which Is A Better Investment?
10	Kellanova vs Lamb Weston: Which Is A Better Investment?
11	How Does K Stack Up Against Its Peers?
12	Better Bet Than K Stock: Pay Less Than Kellanova To Get More From MRK, D
13	Better Bet Than K Stock: Pay Less Than Kellanova To Get More From PPC, CALM
14	Better Bet Than K Stock: Pay Less Than Kellanova To Get More From PPC, CALM
15	Kellanova Total Shareholder Return (TSR): 53.0% in 2024 and 17.6% 3-yr compounded annual returns (above peer average)
16	Kellanova (K) Operating Cash Flow Comparison

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	7309.3%
3	CHSN	Chanson International	5551.3%	-99.3%
4	LNZA	LanzaTech Global	5145.9%	-85.7%
5	QMMM	QMMM	2490.3%	5505.5%
6	NXTT	Next Technology	2167.7%	1080.3%
7	VTAK	Catheter Precision	1543.9%	-70.5%
8	CURX	Curanex Pharmaceuticals	1282.0%	1282.0%
9	VCIG	VCI Global	1278.3%	-66.8%
10	OCTO	Eightco	800.6%	562.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-93.3%	-95.1%
2	ELPW	Elong Power	-92.4%	-76.5%
3	STFS	Star Fashion Culture	-92.1%	-97.9%
4	ETS	Elite Express	-92.0%	-92.0%
5	NAKA	Kindly MD	-91.7%
6	BINI	Bollinger Innovations	-90.5%	-100.0%
7	FLYE	Fly-E	-89.8%	-81.2%
8	JEM	707 Cayman	-89.8%	-98.3%
9	NUTR	NusaTrip	-86.7%	-86.7%
10	CUPR	Cuprina	-84.9%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

Peer Comparisons for Kellanova

Financials

	K	DAR	FRPT	MDLZ	HSY	KHC	Median
Name	Kellanova	Darling .	Freshpet	Mondelez.	Hershey	Kraft He.
Mkt Price	79.05	31.39	52.47	61.60	185.56	25.63	57.03
Mkt Cap	27.4	5.0	2.6	79.8	37.6	30.4	28.9
Rev LTM	12,632	5,702	1,044	37,105	11,295	25,310	11,964
Op Inc LTM	1,910	325	38	4,878	2,155	5,162	2,033
FCF LTM	863	549	-7	2,861	1,579	3,494	1,221
FCF 3Y Avg	1,005	440	-111	3,121	1,539	2,896	1,272
CFO LTM	1,512	824	145	4,164	2,146	4,400	1,829
CFO 3Y Avg	1,615	862	96	4,322	2,193	3,923	1,904

Growth & Margins

	K	DAR	FRPT	MDLZ	HSY	KHC	Median
Name	Kellanova	Darling .	Freshpet	Mondelez.	Hershey	Kraft He.
Rev Chg LTM	-2.7%	-6.8%	19.3%	3.1%	2.5%	-3.8%	-0.1%
Rev Chg 3Y Avg	2.3%	2.7%	27.8%	7.6%	5.2%	-0.3%	3.9%
Rev Chg Q	-3.7%	1.8%	12.5%	7.7%	26.0%	-1.9%	4.7%
QoQ Delta Rev Chg LTM	-0.9%	0.5%	2.9%	1.8%	5.0%	-0.5%	1.1%
Op Mgn LTM	15.1%	5.7%	3.6%	13.1%	19.1%	20.4%	14.1%
Op Mgn 3Y Avg	11.8%	7.0%	-1.1%	14.7%	21.6%	19.5%	13.3%
QoQ Delta Op Mgn LTM	0.4%	0.2%	1.8%	0.6%	-1.9%	-0.2%	0.3%
CFO/Rev LTM	12.0%	14.4%	13.9%	11.2%	19.0%	17.4%	14.2%
CFO/Rev 3Y Avg	12.8%	13.8%	10.3%	12.1%	19.8%	15.0%	13.3%
FCF/Rev LTM	6.8%	9.6%	-0.7%	7.7%	14.0%	13.8%	8.7%
FCF/Rev 3Y Avg	7.9%	7.1%	-15.2%	8.7%	13.9%	11.1%	8.3%

Valuation

	K	DAR	FRPT	MDLZ	HSY	KHC	Median
Name	Kellanova	Darling .	Freshpet	Mondelez.	Hershey	Kraft He.
Mkt Cap	27.4	5.0	2.6	79.8	37.6	30.4	28.9
P/S	2.2	0.9	2.5	2.1	3.3	1.2	2.2
P/EBIT	13.9	16.3	53.5	17.1	19.7	-4.5	16.7
P/E	19.8	47.2	76.0	21.9	24.6	-5.8	23.3
P/CFO	18.1	6.0	17.6	19.2	17.5	6.9	17.6
Total Yield	7.9%	2.1%	1.3%	7.6%	6.9%	-11.1%	4.5%
Dividend Yield	2.9%	0.0%	0.0%	3.0%	2.9%	6.3%	2.9%
FCF Yield 3Y Avg	4.4%	6.5%	-2.9%	3.4%	3.9%	8.0%	4.2%
D/E	0.2	0.8	0.2	0.3	0.2	0.7	0.2
Net D/E	0.2	0.8	0.1	0.3	0.1	0.6	0.2

Returns

	K	DAR	FRPT	MDLZ	HSY	KHC	Median
Name	Kellanova	Darling .	Freshpet	Mondelez.	Hershey	Kraft He.
1M Rtn	-0.7%	0.7%	-14.3%	-0.8%	4.3%	-6.0%	-0.7%
3M Rtn	-0.8%	-18.6%	-27.6%	-7.7%	9.7%	0.8%	-4.3%
6M Rtn	-2.7%	6.0%	-41.3%	-4.0%	10.6%	-13.9%	-3.4%
12M Rtn	0.8%	-10.8%	-62.5%	-15.8%	-4.5%	-23.9%	-13.3%
3Y Rtn	30.6%	-57.1%	28.6%	10.2%	-9.3%	-14.7%	0.4%
1M Excs Rtn	-2.8%	-0.8%	-19.4%	-2.0%	0.7%	-8.2%	-2.4%
3M Excs Rtn	-11.0%	-23.5%	-40.0%	-18.0%	-0.1%	-11.0%	-14.5%
6M Excs Rtn	-19.8%	-10.9%	-57.6%	-20.2%	-6.5%	-30.0%	-20.0%
12M Excs Rtn	-17.4%	-27.8%	-81.0%	-33.9%	-22.6%	-42.1%	-30.9%
3Y Excs Rtn	-35.7%	-124.0%	-29.9%	-56.1%	-76.7%	-83.0%	-66.4%

Comparison Analyses

	Title
0	How Does K Stack Up Against Its Peers?
1	K or MKC - With 8.5% Return Forecast, MKC Probably Deserves Your Money
2	Why HRL With 15% Upside May Beat K?
3	Kellogg vs. The Hershey Company: With Return Forecast Of 18%, Kellogg Is A Better Bet
4	K or TSN - With 6.5% Return Forecast, TSN Probably Deserves Your Money
5	With 6.7% Gains On The Table, ADM May Outshine K
6	Kellogg vs. Edwards Lifesciences: Similar Income, But Edwards Lifesciences Is A Better Bet
7	Kellogg vs. Vertex Pharmaceuticals: Similar Income, But Vertex Pharmaceuticals Is A Better Bet
8	Kellogg vs. Medtronic: Similar Income, Similar Bets
9	Kellogg vs. Automatic Data Processing: Similar Revenue, Similar Bets

Financials

Annual
Quarterly

$ Mil \| FY: 12/28	LTM	2024	2023	2022	2021	2020	2019
Period End		12/28/2024	12/31/2023	12/31/2022	12/31/2021	1/2/2021	12/28/2019
Filing Date		2/21/2025	2/20/2024	2/21/2023	2/22/2022	2/22/2021	2/24/2020
Key Financials
Total Revenue	12,632	12,749	13,122	12,653	11,747	13,770	13,578
Ebitda	2,343	2,332	1,762	1,581	2,124	2,361	2,073
Operating Income	1,910	1,873	1,505	1,211	1,383	1,761	1,401
Net Income	1,380	1,343	951	960	1,488	1,251	960
EPS	4.02	3.92	2.78	2.81	4.36	3.65	2.81
Growth Rates
Total Revenue Growth	-2.7%	-2.8%	3.7%	7.7%	-14.7%	1.4%	0.2%
EBITDA Growth	29.8%	32.3%	11.4%	-25.6%	-10.0%	13.9%	-2.8%
Operating Income Growth	23.1%	24.5%	24.3%	-12.4%	-21.5%	25.7%	-17.9%
Net Income Growth	50.0%	41.2%	-0.9%	-35.5%	18.9%	30.3%	-28.1%
Margins
EBITDA Margin	18.5%	18.3%	13.4%	12.5%	18.1%	17.1%	15.3%
Operating Income Margin	15.1%	14.7%	11.5%	9.6%	11.8%	12.8%	10.3%
Net Income Margin	10.9%	10.5%	7.2%	7.6%	12.7%	9.1%	7.1%
Cash & Debt
Total Cash	330	694	274	299	286	435	397
Total Debt	6,220	6,342	6,526	7,164	7,729	8,112	8,469
Net Debt / (Cash)	5,890	5,648	6,252	6,865	7,443	7,677	8,072
Cash Flows
Net Cash from Operations	1,512	1,760	1,645	1,651	1,701	1,986	1,176
Free Cash from Operations	863	1,132	968	1,163	1,148	1,481	590
Returns to Shareholders
Dividends	782	776	800	797	788	782	769
Share Repurchases	-0	-0	170	300	240	-0	220

$ Mil \| FY: 12/28	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2
Period End	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022	7/2/2022
Filing Date	5/1/2025	2/21/2025	10/31/2024	8/1/2024	5/2/2024	2/20/2024	11/8/2023	8/3/2023	5/4/2023	2/21/2023	11/3/2022	8/4/2022
Key Financials Quarterly
Total Revenue	3,083	3,124	3,233	3,192	3,200	3,174	3,255	3,351	3,342	1,171	3,946	3,864
Ebitda	533	620	569	621	522	264	464	555	479	-258	535	594
Operating Income	430	531	456	493	393	328	414	417	346	-89	368	415
Net Income	304	365	367	344	267	27	269	357	298	-98	310	326
EPS	0.88	1.06	1.07	1.01	0.78	0.08	0.79	1.04	0.87	-0.29	0.91	0.96
Key Financials TTM
Total Revenue TTM	12,632	12,749	12,799	12,821	12,980	13,122	11,119	11,810	12,323	12,653	12,468	12,144
Ebitda TTM	2,343	2,332	1,976	1,871	1,805	1,762	1,240	1,311	1,350	1,581	2,039	2,065
Operating Income TTM	1,910	1,873	1,670	1,628	1,552	1,505	1,088	1,042	1,040	1,211	1,260	1,339
Net Income TTM	1,380	1,343	1,005	907	920	951	826	867	836	960	1,491	1,488
Growth Rates Quarterly
Total Revenue Growth	-3.7%	-1.6%	-0.7%	-4.7%	-4.2%	171.1%	-17.5%	-13.3%	-9.0%	18.8%	8.9%	8.7%
EBITDA Growth	2.1%	134.8%	22.6%	11.9%	9.0%	202.3%	-13.3%	-6.6%	-32.5%	-229.0%	-4.6%	-16.3%
Operating Income Growth	9.4%	61.9%	10.1%	18.2%	13.6%	468.5%	12.5%	0.5%	-33.1%	-122.5%	-17.7%	-17.7%
Net Income Growth	13.9%	1251.9%	36.4%	-3.6%	-10.4%	127.6%	-13.2%	9.5%	-29.4%	-122.6%	1.0%	-14.2%
Margins Quarterly
EBITDA Margin	17.3%	19.8%	17.6%	19.5%	16.3%	8.3%	14.3%	16.6%	14.3%	-22.0%	13.6%	15.4%
Operating Income Margin	13.9%	17.0%	14.1%	15.4%	12.3%	10.3%	12.7%	12.4%	10.4%	-7.6%	9.3%	10.7%
Net Income Margin	9.9%	11.7%	11.4%	10.8%	8.3%	0.9%	8.3%	10.7%	8.9%	-8.4%	7.9%	8.4%
Cash & Debt
Total Cash	330	694	569	272	242	274	1,099	308	347	299	373	323
Total Debt	6,220	6,342	6,481	6,501	6,593	6,526	7,674	7,330	7,387	7,164	7,276	7,636
Net Debt / (Cash)	5,890	5,648	5,912	6,229	6,351	6,252	6,575	7,022	7,040	6,865	6,903	7,313
Cash Flows Quarterly
FCF from Operations	116	467	553	376	364	245	756	368	276	471	375	478
Cash Flows TTM
FCF from Operations TTM	1,512	1,760	1,538	1,741	1,733	1,645	1,871	1,490	1,600	1,651	1,736	1,819
Returns to Shareholders Quarterly
Dividends	197	196	197	192	191	190	206	202	202	201	202	197
Share Repurchases	-0	-0	-0	-0	-0	110	-0	60	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	23.6%	30.1%	28.2%	24.7%	19.0%	12.0%	18.1%	18.8%	15.6%	-4.0%	17.2%	17.5%
Return on Invested Capital (ROIC) TTM
ROIC TTM	26.7%	27.1%	22.7%	19.5%	18.2%	18.1%	12.8%	12.2%	11.9%	14.1%	14.4%	14.3%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Snacks	8,105	7,563	6,807	6,281	6,663
Cereal	2,736	2,618	2,689	5,433	5,029
Noodles and other	1,186	1,375	1,145	917	849
Frozen	1,095	1,097	1,106	1,139	1,037
Total	13,122	12,653	11,747	13,770	13,578

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$79.05
Market Cap ($ Bil)	27.4
First Trading Date	12/17/1984
Distance from 52W High	-3.3%
	50 Days	200 Days
DMA Price	$79.29	$80.09
DMA Trend	indeterminate	indeterminate
Distance from DMA	-0.3%	-1.3%
	3M	1YR
Volatility	6.5%	4.7%
Downside Capture	0.11	0.04
Upside Capture	12.00	5.22
Correlation (SPY)	24.6%	19.5%

K Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.06	0.08	0.11	0.05	0.04	0.10
Up Beta	0.27	0.10	0.24	0.07	0.06	0.18
Down Beta	-0.04	-0.10	-0.07	-0.01	0.01	-0.13
Up Capture	-2%	7%	-2%	2%	3%	4%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	11	19	28	62	128	386
Down Capture	5%	20%	29%	11%	7%	33%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	10	22	34	60	112	353

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	8,818,097
Short Interest: % Change Since 8152025	-5.8%
Average Daily Volume	2,311,562
Days-to-Cover Short Interest	3.81
Basic Shares Quantity	346,000,000
Short % of Basic Shares	2.5%

Returns Analyses

	Title
0	K YTD Stock Return Of 48% Outperforms DAR by 62% and Underperforms FRPT by -25%
1	Will You Be Comfortable Buying Kellanova Stock?
2	Kellanova Stock Return Comparison
3	[10/2/2021] Kellogg (K) Stock Price Forecast: AI Forecasts K Stock Price To Be Around $63.9 In A Month (Down 0%)

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
7/31/2025	0.0%	0.1%	-0.4%
5/1/2025	0.0%	-0.3%	-0.2%
2/6/2025	0.3%	0.4%	1.4%
10/31/2024	-0.2%	0.1%	0.5%
8/1/2024	6.7%	25.5%	38.5%
5/2/2024	7.5%	9.4%	5.9%
2/8/2024	2.3%	0.6%	2.0%
11/8/2023	2.1%	3.3%	7.6%
...
SUMMARY STATS
# Positive	13	16	13
# Negative	11	8	11
Median Positive	2.3%	2.9%	3.3%
Median Negative	-0.6%	-1.9%	-1.8%
Max Positive	7.5%	25.5%	38.5%
Max Negative	-8.5%	-6.4%	-8.0%

	Forward Returns
7/31/2025	0.0%	0.1%	-0.4%
5/1/2025	0.0%	-0.3%	-0.2%
2/6/2025	0.3%	0.4%	1.4%
10/31/2024	-0.2%	0.1%	0.5%
8/1/2024	6.7%	25.5%	38.5%
5/2/2024	7.5%	9.4%	5.9%
2/8/2024	2.3%	0.6%	2.0%
11/8/2023	2.1%	3.3%	7.6%
8/3/2023	-0.6%	-4.6%	-7.5%
5/4/2023	-1.6%	-1.4%	-4.9%
2/9/2023	-0.1%	-0.0%	-4.1%
11/3/2022	-8.3%	-6.4%	-1.8%
8/4/2022	-0.2%	2.1%	-0.0%
5/5/2022	3.5%	6.7%	0.7%
2/10/2022	3.1%	4.3%	-2.1%
11/4/2021	-0.7%	0.3%	0.4%
8/5/2021	0.8%	3.9%	3.3%
5/6/2021	7.1%	5.3%	6.6%
2/11/2021	-1.9%	2.4%	5.4%
10/29/2020	-0.6%	0.1%	-0.0%
7/30/2020	-0.5%	-2.4%	-0.7%
4/30/2020	0.9%	-1.2%	1.5%
2/6/2020	-8.5%	-4.6%	-8.0%
10/29/2019	3.0%	4.1%	7.3%
SUMMARY STATS
# Positive	13	16	13
# Negative	11	8	11
Median Positive	2.3%	2.9%	3.3%
Median Negative	-0.6%	-1.9%	-1.8%
Max Positive	7.5%	25.5%	38.5%
Max Negative	-8.5%	-6.4%	-8.0%

SEC Filings

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Report Date	Filing Date	Filing
6302025	7312025	10-Q 6/28/2025
3312025	5012025	10-Q 3/29/2025
12312024	2212025	10-K 12/28/2024
9302024	10312024	10-Q 9/28/2024
6302024	8012024	10-Q 6/29/2024
3312024	5022024	10-Q 3/30/2024
12312023	2202024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8032023	10-Q 7/1/2023
3312023	5042023	10-Q 4/1/2023
12312022	2212023	10-K 12/31/2022
9302022	11032022	10-Q 10/1/2022
6302022	8042022	10-Q 7/2/2022
3312022	5052022	10-Q 4/2/2022
12312021	2222022	10-K 12/31/2021
9302021	11052021	10-Q 10/2/2021

Insider Activity

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	Owner	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	KELLOGG W K FOUNDATION TRUST	8282025	Sell	79.55	114,599	9,116,878	3,587,708,641	Form
1	KELLOGG W K FOUNDATION TRUST	8212025	Sell	79.98	114,583	9,164,578	3,616,149,143	Form
2	KELLOGG W K FOUNDATION TRUST	8142025	Sell	80.07	114,583	9,175,050	3,629,456,574	Form
3	KELLOGG W K FOUNDATION TRUST	8082025	Sell	79.97	114,583	9,163,203	3,633,933,004	Form
4	KELLOGG W K FOUNDATION TRUST	7282025	Sell	79.79	114,583	9,142,383	3,634,818,720	Form

Collapse to Preview

	Owner	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	KELLOGG W K FOUNDATION TRUST	8282025	Sell	79.55	114,599	9,116,878	3,587,708,641	Form
1	KELLOGG W K FOUNDATION TRUST	8212025	Sell	79.98	114,583	9,164,578	3,616,149,143	Form
2	KELLOGG W K FOUNDATION TRUST	8142025	Sell	80.07	114,583	9,175,050	3,629,456,574	Form
3	KELLOGG W K FOUNDATION TRUST	8082025	Sell	79.97	114,583	9,163,203	3,633,933,004	Form
4	KELLOGG W K FOUNDATION TRUST	7282025	Sell	79.79	114,583	9,142,383	3,634,818,720	Form
5	KELLOGG W K FOUNDATION TRUST	7212025	Sell	79.92	114,583	9,157,473	3,649,975,890	Form
6	KELLOGG W K FOUNDATION TRUST	7142025	Sell	79.54	114,583	9,114,413	3,641,927,379	Form
7	KELLOGG W K FOUNDATION TRUST	7072025	Sell	79.68	114,583	9,129,847	3,657,224,459	Form
8	KELLOGG W K FOUNDATION TRUST	6232025	Sell	78.42	114,583	8,985,106	3,617,214,379	Form
9	KELLOGG W K FOUNDATION TRUST	6162025	Sell	80.19	114,583	9,188,445	3,708,262,817	Form
10	KELLOGG W K FOUNDATION TRUST	6092025	Sell	81.89	114,583	9,382,973	3,796,153,013	Form
11	KELLOGG W K FOUNDATION TRUST	5282025	Sell	82.39	114,583	9,440,138	3,828,721,091	Form
12	KELLOGG W K FOUNDATION TRUST	5212025	Sell	82.24	114,583	9,423,764	3,831,503,942	Form
13	KELLOGG W K FOUNDATION TRUST	5142025	Sell	81.79	114,583	9,372,225	3,819,921,319	Form
14	KELLOGG W K FOUNDATION TRUST	5072025	Sell	82.56	114,583	9,459,743	3,865,051,757	Form
15	KELLOGG W K FOUNDATION TRUST	4282025	Sell	82.47	114,583	9,449,969	3,870,508,305	Form
16	KELLOGG W K FOUNDATION TRUST	4212025	Sell	82.26	114,583	9,425,300	3,869,829,407	Form
17	KELLOGG W K FOUNDATION TRUST	4142025	Sell	82.41	114,583	9,443,026	3,886,550,351	Form
18	KELLOGG W K FOUNDATION TRUST	4072025	Sell	82.03	114,583	9,399,209	3,877,915,596	Form
19	KELLOGG W K FOUNDATION TRUST	3282025	Sell	82.44	114,583	9,446,062	3,906,692,213	Form
20	KELLOGG W K FOUNDATION TRUST	3212025	Sell	82.31	114,583	9,430,994	3,909,891,539	Form
21	KELLOGG W K FOUNDATION TRUST	3142025	Sell	82.26	114,583	9,425,070	3,916,860,669	Form
22	KELLOGG W K FOUNDATION TRUST	3072025	Sell	82.55	114,583	9,458,804	3,940,338,294	Form
23	KELLOGG W K FOUNDATION TRUST	2282025	Sell	82.70	114,583	9,475,762	3,956,878,520	Form
24	KELLOGG W K FOUNDATION TRUST	2212025	Sell	82.50	114,583	9,453,155	3,956,891,374	Form
25	KELLOGG W K FOUNDATION TRUST	2142025	Sell	82.25	114,583	9,424,773	3,954,435,952	Form
26	KELLOGG W K FOUNDATION TRUST	2102025	Sell	82.23	114,583	9,422,263	3,962,805,337	Form
27	KELLOGG W K FOUNDATION TRUST	1282025	Sell	81.91	114,583	9,385,402	3,956,687,631	Form
28	KELLOGG W K FOUNDATION TRUST	1212025	Sell	81.69	114,583	9,359,850	3,955,275,293	Form
29	KELLOGG W K FOUNDATION TRUST	1142025	Sell	81.42	114,583	9,329,508	3,951,783,089	Form
30	KELLOGG W K FOUNDATION TRUST	1072025	Sell	81.28	114,583	9,313,409	3,954,277,339	Form
31	KELLOGG W K FOUNDATION TRUST	12302024	Sell	80.85	114,583	9,263,623	3,942,402,743	Form
32	KELLOGG W K FOUNDATION TRUST	12232024	Sell	80.64	114,583	9,240,248	3,941,695,112	Form
33	KELLOGG W K FOUNDATION TRUST	12162024	Sell	80.69	114,583	9,245,611	3,953,228,246	Form
34	KELLOGG W K FOUNDATION TRUST	12092024	Sell	80.70	114,583	9,246,688	3,962,935,470	Form
35	KELLOGG W K FOUNDATION TRUST	11292024	Sell	81.21	114,583	9,305,618	3,997,497,260	Form
36	KELLOGG W K FOUNDATION TRUST	11212024	Sell	80.99	114,583	9,280,261	3,995,884,594	Form
37	KELLOGG W K FOUNDATION TRUST	11142024	Sell	81.04	114,583	9,286,356	4,007,795,680	Form
38	KELLOGG W K FOUNDATION TRUST	11072024	Sell	80.89	114,583	9,268,183	4,009,220,838	Form
39	KELLOGG W K FOUNDATION TRUST	10282024	Sell	80.76	114,583	9,253,826	4,012,264,021	Form
40	KELLOGG W K FOUNDATION TRUST	10212024	Sell	80.96	114,583	9,276,617	4,031,422,144	Form
41	KELLOGG W K FOUNDATION TRUST	10152024	Sell	80.63	114,583	9,238,300	4,024,008,876	Form
42	KELLOGG W K FOUNDATION TRUST	10072024	Sell	80.57	114,583	9,231,391	4,030,230,698	Form
43	KELLOGG W K FOUNDATION TRUST	9302024	Sell	80.72	114,583	9,249,094	4,047,208,581	Form
44	KELLOGG W K FOUNDATION TRUST	9232024	Sell	80.68	114,583	9,245,072	4,054,693,770	Form
45	KELLOGG W K FOUNDATION TRUST	9162024	Sell	80.65	114,583	9,241,669	4,062,442,905	Form
46	KELLOGG W K FOUNDATION TRUST	9092024	Sell	80.25	114,583	9,195,377	4,051,289,500	Form

Industry Resources

Packaged Foods & Meats Resources

USDA Data

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4	CNBC	Etrade
5	MarketWatch	Unusual Whales
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7	FinViz

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Kellanova (K)

Market Price (9/16/2025): $78.91 | Market Cap: $27.3 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

Kellanova (K)

Market Price (9/16/2025): $78.91Market Cap: $27.3 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats

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Market Price (9/16/2025): $78.91 | Market Cap: $27.3 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Market Price (9/16/2025): $78.91
Market Cap: $27.3 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats