| Market cap | $24.68B |
|---|---|
| Enterprise value | $25.34B |
| Revenue | $12.269B |
|---|---|
| EBITDA | $1.851B |
| Income | $920.000M |
| Revenue Q/Q | -21.05% |
| Revenue Y/Y | -21.83% |
| P/E | 20.89 |
|---|---|
| Forward P/E | 13.83 |
| EV/Sales | 2.07 |
| EV/EBITDA | 13.69 |
| EV/EBIT | 17.12 |
| PEG | 2.68 |
| Price/Sales | 2.01 |
| P/FCF | 22.35 |
| Price/Book | 7.77 |
| Book/Share | 7.23 |
| Cash/Share | 0.62 |
| FCF yield | 4.47% |
| Volume | 1.884M / N/A |
|---|---|
| Relative vol. | N/A |
| EPS | 2.69 |
|---|---|
| EPS Q/Q | 3.51% |
| Est. EPS Q/Q | -10.09% |
| Profit margin | 7.25% |
|---|---|
| Oper. margin | 11.88% |
| Gross margin | 32.64% |
| EBIT margin | 12.06% |
| EBITDA margin | 15.09% |
| Ret. on assets | 5.43% |
|---|---|
| Ret. on equity | 25.68% |
| ROIC | 9.03% |
| ROCE | 15.12% |
| Debt/Equity | 3.86 |
|---|---|
| Net debt/EBITDA | 14.15 |
| Current ratio | 0.62 |
| Quick ratio | 0.41 |
| Volatility | 1.68% |
|---|---|
| Beta | 0.22 |
| RSI | 34.13 |
|---|
| Insider ownership | 7.10% |
|---|---|
| Inst. ownership | 86.49% |
| Shares outst. | 340.110M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 4.16% |
| Short ratio | 5.10 |
| Dividend | $2.28 |
|---|---|
| Dividend yield | 4.04% |
| Payout ratio | 84.76% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 1 Aug 2024 |
Friday, 3 May 2024
|
|
| Kellogg Company Q1 2024 Earnings Call Transcript | |
Thursday, 2 May 2024
|
|
| Kellanova Reports 2024 First Quarter Results | |
Thursday, 11 April 2024
|
|
| PRINGLES® AND CROCS™ COMBINE FASHION AND FLAVOR WITH A ONE-OF-A-KIND CRUSH BOOT, FIRST-EVER CROCS-INSPIRED CRISPS AND MORE DELICIOUS DESIGNS IN GLOBAL COLLECTION | |
Thursday, 14 March 2024
|
|
| Nutri-Grain® and Kroger Join No Kid Hungry to Help End Summer Hunger for Ohio Kids and Families | |
Sunday, 10 March 2024
|
|
| 15 Best Nachos in The US | |
Tuesday, 13 February 2024
|
|
| WK Kellogg Posted Declining Sales. Why the Cereal Stock Still Jumped 9%. | |
Thursday, 8 February 2024
|
|
| Kellanova Plans Supply Chain Reorganizations | |
Friday, 2 February 2024
|
|
| Kellanova to Webcast Presentation at 2024 CAGNY Conference | |
Tuesday, 16 January 2024
|
|
| Kellanova Sets Date for 2023 Fourth Quarter Results Webcast | |
Wednesday, 3 January 2024
|
|
| Pop-Tarts’ Devoured Mascot May Live to Be Eaten Again | |
Thursday, 19 October 2023
|
|
| Garcelle Beauvais teams with Kellogg Foundation for a $90M plan to expand 'Pockets of Hope' in Haiti | |
Monday, 16 October 2023
|
|
| Here's Why WK Kellogg Stock Dropped Again Today | |
Saturday, 14 October 2023
|
|
| Why Kellogg Stock Just Got the Boot From My Portfolio | |
Friday, 6 October 2023
|
|
| The Score: WK Kellogg, Cal-Maine, Pioneer and More Stocks That Defined the Week | |
Thursday, 5 October 2023
|
|
| WK Kellogg CEO: Here’s how we’re modernizing our 117-year-old cereal business | |
Monday, 2 October 2023
|
|
| Kellanova, WK Kellogg End First Day of Trading in Red | |
| Kellogg Splits Into Two Firms, and Shares of Both Tumble in First Session After Separation | |
| Instacart stock falls, Nvidia rises on 'Conviction Buy': Trending Tickers | |
| Here's Why Kellanova Stock -- Formerly Kellogg -- Dropped Today | |
| Kellanova, WK Kellogg Stocks Fall on Their First Trading Day | |
Thursday, 28 September 2023
|
|
| Kellogg Company Sets Date for 2023 Third Quarter Results Webcasts for Kellanova and WK Kellogg Co | |
Wednesday, 27 September 2023
|
|
| The Kellogg Split | |
Wednesday, 20 September 2023
|
|
| BRING THE STEAKHOUSE EXPERIENCE BACK HOME WITH THIS NEW PLANT-BASED BURGER OFFERING | |
Tuesday, 19 September 2023
|
|
| PRINGLES® AND THE CAVIAR CO. EMBRACE TIKTOK'S LATEST CRAVING WITH FIRST-OF-ITS-KIND 'CRISPS AND CAVIAR COLLECTION' | |
Monday, 11 September 2023
|
|
| KELLOGG COMPANY BOARD OF DIRECTORS APPROVES SEPARATION INTO TWO COMPANIES, KELLANOVA AND WK KELLOGG CO | |
Wednesday, 30 August 2023
|
|
| Kellogg's Good Company/Bad Company Spin-Off Is Tough to Swallow | |
| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| W K Foundation Trustkellogg... | Sale 8 Jul 2024 | $4,367,692 |
| W K Foundation Trustkellogg... | Sale 28 Jun 2024 | $4,484,392 |
| W K Foundation Trustkellogg... | Sale 21 Jun 2024 | $4,489,838 |
| W K Foundation Trustkellogg... | Sale 14 Jun 2024 | $4,503,842 |
| W K Foundation Trustkellogg... | Sale 7 Jun 2024 | $4,661,776 |
| W K Foundation Trustkellogg... | Sale 28 May 2024 | $4,680,448 |
| W K Foundation Trustkellogg... | Sale 21 May 2024 | $4,824,378 |
| W K Foundation Trustkellogg... | Sale 14 May 2024 | $4,848,496 |
| W K Foundation Trustkellogg... | Sale 7 May 2024 | $4,739,576 |
| Nicolas Amaya Senior Vice President | Sale 6 May 2024 | $588,490 |
| W K Foundation Trustkellogg... | Sale 29 Apr 2024 | $4,512,400 |
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Price target
Current $56.72
Average $70.60
Low $52
High $78
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 4.04% | Growth period | 26 years |
| Last dividend date | Yield 3 years | 3.84% | Growth 3 years | +0.87% | |
| Last dividend | Yield 5 years | 3.75% | Growth 5 years | +1.24% |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Steven Cahillane (54) Chairman of the Board, President, and Chief Executive Officer since 2018 | 54 | 2018 | $9,694,220 |
| Amit Banati (51) Chief Financial Officer and Senior Vice President since 2019 | 51 | 2019 | $5,372,020 |
| Steven A. Cahillane (56) Chairman, CEO, and Pres | 56 | $5,031,102 | |
| Gary Pilnick (55) Vice Chairman - Corporate Development and Chief Legal Officer since 2016 | 55 | 2016 | $4,598,780 |
| Alistair Hirst (59) Senior Vice President - Global Supply Chain since 2012 | 59 | 2012 | $4,077,270 |
| Christopher Hood (56) Senior Vice President and President of Kellogg North America since 2018 | 56 | 2018 | $3,987,210 |
| Christopher M. Hood (58) Sr. VP and Pres of Kellogg North America | 58 | $2,746,324 | |
| Amit Banati (52) Sr. VP, CFO, and Principal Financial Officer | 52 | $2,317,382 | |
| Gary H. Pilnick (57) Vice Chairman of Corp. Devel., Chief Legal Officer, and Sec. | 57 | $2,137,047 | |
| Alistair D. Hirst (62) Sr. VP of Global Supply Chain | 62 | $1,808,249 | |
| Donald Knauss (69) Lead Independent Director since 2016 | 69 | 2016 | $310,000 |
| Mary Laschinger (59) Independent Director since 2012 | 59 | 2012 | $280,000 |
| Stephanie Burns (65) Independent Director since 2014 | 65 | 2014 | $280,000 |
| Erica Mann (61) Independent Director since 2019 | 61 | 2019 | $277,973 |
| Roderick Gillum (69) Independent Director since 2019 | 69 | 2019 | $277,973 |
| La June Montgomery Tabron (57) Independent Director since 2014 | 57 | 2014 | $275,000 |
| G. Zachary Gund (49) Independent Director since 2014 | 49 | 2014 | $275,000 |
| Carolyn Tastad (58) Independent Director since 2015 | 58 | 2015 | $260,000 |
| Richard Dreiling (66) Independent Director since 2016 | 66 | 2016 | $260,000 |
| Carter Cast (56) Independent Director since 2017 | 56 | 2017 | $260,000 |
| James Jenness (73) Non-Executive Director since 2014 | 73 | 2014 | $260,000 |
| J. Michael Schlotman (62) Director since 2020 | 62 | 2020 | |
| Kurt Forche (49) Vice President and Corporate Controller since 2018 | 49 | 2018 | |
| Maria Mejia (55) Senior Vice President, President, and Kellogg Latin America since 2011 | 55 | 2011 | |
| Monica McGurk (47) Senior Vice President and Chief Growth Officer since 2019 | 47 | 2019 | |
| David Lawlor (51) Senior Vice President, President, and Kellogg Europe since 2018 | 51 | 2018 | |
| Melissa Howell (52) Senior Vice President - Global Human Services since 2016 | 52 | 2016 | |
| Nicolas Amaya | 2019 | ||
| Melissa A. Howell (54) Sr. VP and Chief HR Officer | 54 | ||
| Michael Hunter | |||
| John P. Renwick IV | |||
| Lesley Salmon | |||
| Kurt D. Forche (51) VP, Corp. Controller, and Principal Accounting Officer | 51 |
driven by the legacy of our innovative founder, w.k. kellogg, the kellogg company is the world’s leading producer of cereal, and a leader in cookies, crackers, and savory snacks production. every day, our well-loved brands, delight families in more than 180 countries. with annual sales of more than $14 billion, our brands include cheez-it®, coco pops®, corn flakes®, eggo®, frosted flakes®, keebler®, kellogg’s®, mini-wheats®, pop-tarts®, pringles®, rice krispies®, special k®, and many more.
- Consumer Staples > Packaged Foods & Meats
- Kellanova Co, One Kellogg Square, Battle Creek 49016-3599, United States
- 269-961-2000
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +0.00% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 4.04% | Growth period | 26 years |
| Last dividend date | Yield 3 years | 3.84% | Growth 3 years | +0.87% | |
| Last dividend | Yield 5 years | 3.75% | Growth 5 years | +1.24% |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $242 | $274 | |||
| Short term investments | |||||
| Net receivables | $1,666 | $1,568 | |||
| Inventory | $1,210 | $1,243 | |||
| Total current assets | $3,450 | $3,330 | |||
| Long term investments | $100 | $184 | |||
| Property, plant & equipment | $3,766 | $3,873 | |||
| Goodwill & intangible assets | $7,999 | $8,234 | |||
| Total noncurrent assets | $11,865 | $12,291 | |||
| Total investments | $100 | $184 | |||
| Total assets | $15,315 | $15,621 | |||
| Current liabilities | |||||
| Accounts payable | $2,209 | $2,314 | |||
| Deferred revenue | |||||
| Short long term debt | $1,670 | $905 | |||
| Total current liabilities | $5,525 | $5,060 | |||
| Long term debt | $4,923 | $5,621 | |||
| Total noncurrent liabilities | $6,512 | $7,192 | |||
| Total debt | $6,593 | $6,526 | |||
| Total liabilities | $12,037 | $12,252 | |||
| Stockholders' equity | |||||
| Retained earnings | $8,878 | $8,804 | |||
| Other stockholder equity | -$2,171 | -$2,041 | |||
| Total stockholder equity | $3,152 | $3,175 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $274 | $299 | ||
| Short term investments | ||||
| Net receivables | $1,568 | $1,736 | ||
| Inventory | $1,243 | $1,768 | ||
| Total current assets | $3,330 | $4,186 | ||
| Long term investments | $184 | $432 | ||
| Property, plant & equipment | $3,873 | $4,406 | ||
| Goodwill & intangible assets | $8,234 | $9,472 | ||
| Total noncurrent assets | $12,291 | $14,310 | ||
| Total investments | $184 | $432 | ||
| Total assets | $15,621 | $18,496 | ||
| Current liabilities | ||||
| Accounts payable | $2,314 | $2,973 | ||
| Deferred revenue | ||||
| Short long term debt | $905 | $1,368 | ||
| Total current liabilities | $5,060 | $6,349 | ||
| Long term debt | $5,621 | $5,803 | ||
| Total noncurrent liabilities | $7,192 | $7,772 | ||
| Total debt | $6,526 | $7,171 | ||
| Total liabilities | $12,252 | $14,121 | ||
| Stockholders' equity | ||||
| Retained earnings | $8,804 | $9,197 | ||
| Other stockholder equity | -$2,041 | -$1,708 | ||
| Total stockholder equity | $3,175 | $3,941 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $3,200 | $1,089 | |||
| Cost of revenue | $2,169 | $692 | |||
| Gross profit | $1,031 | $397 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $638 | $323 | |||
| Total operating expenses | $638 | $323 | |||
| Operating income | $393 | $74 | |||
| Income from continuing operations | |||||
| EBIT | $432 | $49 | |||
| Income tax expense | $82 | -$36 | |||
| Interest expense | $83 | $58 | |||
| Net income | |||||
| Net income | $267 | $27 | |||
| Income (for common shares) | $267 | $27 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $13,122 | $15,315 | ||
| Cost of revenue | $8,839 | $10,700 | ||
| Gross profit | $4,283 | $4,615 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $2,778 | $2,980 | ||
| Total operating expenses | $2,778 | $2,980 | ||
| Operating income | $1,505 | $1,635 | ||
| Income from continuing operations | ||||
| EBIT | $1,512 | $1,422 | ||
| Income tax expense | $258 | $244 | ||
| Interest expense | $303 | $218 | ||
| Net income | ||||
| Net income | $951 | $960 | ||
| Income (for common shares) | $951 | $960 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $267 | $27 | |||
| Operating activities | |||||
| Depreciation | $86 | $81 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $21 | $33 | |||
| Total cash flows from operations | $364 | $245 | |||
| Investing activities | |||||
| Capital expenditures | -$155 | -$171 | |||
| Investments | -$182 | $88 | |||
| Total cash flows from investing | -$333 | -$90 | |||
| Financing activities | |||||
| Dividends paid | -$191 | -$190 | |||
| Sale and purchase of stock | $23 | -$101 | |||
| Net borrowings | $113 | -$613 | |||
| Total cash flows from financing | -$58 | -$990 | |||
| Effect of exchange rate | -$5 | $10 | |||
| Change in cash and equivalents | -$32 | -$825 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $951 | $960 | ||
| Operating activities | ||||
| Depreciation | $419 | $478 | ||
| Business acquisitions & disposals | ||||
| Stock-based compensation | $95 | $96 | ||
| Total cash flows from operations | $1,645 | $1,651 | ||
| Investing activities | ||||
| Capital expenditures | -$677 | -$488 | ||
| Investments | $113 | $27 | ||
| Total cash flows from investing | -$562 | -$448 | ||
| Financing activities | ||||
| Dividends paid | -$800 | -$797 | ||
| Sale and purchase of stock | -$110 | -$23 | ||
| Net borrowings | -$59 | -$279 | ||
| Total cash flows from financing | -$1,110 | -$1,081 | ||
| Effect of exchange rate | $2 | -$109 | ||
| Change in cash and equivalents | -$25 | $13 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2024 Q2 | Dnb Asset Management As |
+14.04%
|
57,902 | $3,339,787 |
| 2024 Q2 | Moody National Bank Trust Division |
+124.59%
|
11,591 | $668,569 |
| 2024 Q2 | Massmutual Trust Co Fsb/adv |
+67.91%
|
2,067 | $119,225 |
| 2024 Q1 | Wellington Management Group LL.P. |
-49.23%
|
6,345,880 | $363,555,465 |
| 2024 Q1 | Toms Capital Investment Management L.P. |
Opened
|
3,787,000 | $216,957,230 |
| 2024 Q1 | Yacktman Asset Management L.P. |
Opened
|
2,131,403 | $122,108,078 |
| 2024 Q1 | Beutel, Goodman & Co |
+36.11%
|
6,658,242 | $381,450 |
| 2024 Q1 | State Street Corp |
+10.67%
|
15,003,225 | $859,534,760 |
| 2024 Q1 | Amundi |
+47.53%
|
3,810,958 | $215,475,660 |
| 2024 Q1 | First Trust Advisors L.P. |
+636.08%
|
1,305,848 | $74,812,040 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Kellogg W K Foundation Trust | 15.33% | 52,153,438 | |
| Vanguard Group Inc | 9.12% | 31,019,749 | |
| Blackrock | 8.51% | 28,937,637 | |
| Keybank National Association/oh | 5.89% | 20,032,791 | |
| State Street Corp | 4.41% | 15,003,225 | |
| Beutel, Goodman & Co | 1.96% | 6,658,242 | |
| Wellington Management Group LL.P. | 1.87% | 6,345,880 | |
| Geode Capital Management | 1.83% | 6,226,974 | |
| Invesco | 1.71% | 5,812,247 | |
| Charles Schwab Investment Management Inc | 1.66% | 5,657,709 |
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