Kellogg(K)

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Kellanova (K) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-01-08 15:15
Stock Performance - Kellanova's stock has risen by 0.8% over the past month and hit a new 52-week high of $81.39 [1] - The stock has gained 0.5% since the start of the year, underperforming the Zacks Consumer Discretionary sector (10.7%) and the Zacks Consumer Products - Discretionary industry (11.2%) [1] Earnings and Revenue - Kellanova has consistently beaten earnings estimates, with no misses in the last four quarters [2] - In the last earnings report, the company reported EPS of $0.91, surpassing the consensus estimate of $0.85 [2] - For the current fiscal year, Kellanova is expected to post earnings of $3.93 per share on $12.74 billion in revenues [3] - For the next fiscal year, earnings are expected to grow by 4.81% to $4.03 per share, with revenues increasing by 1.91% to $12.98 billion [3] Valuation Metrics - Kellanova trades at 20.7X current fiscal year EPS estimates, a premium to the peer industry average of 13.7X [7] - On a trailing cash flow basis, the stock trades at 18.1X versus the peer group's average of 8.2X [7] - The stock has a PEG ratio of 2.49, indicating it may not be in the top tier from a value perspective [7] Zacks Style Scores and Rank - Kellanova has a Value Score of B, Growth Score of B, and Momentum Score of B, resulting in a VGM Score of A [6] - The stock holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates [8] Industry Comparison - Funko, Inc. (FNKO) is a strong industry peer with a Zacks Rank of 1 (Strong Buy) and similar style scores (Value: B, Growth: B, Momentum: B) [9] - Funko, Inc. beat earnings estimates by 250% last quarter and is expected to post earnings of $0.38 per share on $1.04 billion in revenue for the current fiscal year [10] - Funko's stock has gained 20.4% over the past month and trades at a forward P/E of 36.74X and a P/CF of 267.61X [10] - Despite the Consumer Products - Discretionary industry ranking in the bottom 87% of all industries, both Kellanova and Funko show strong fundamentals and potential for growth [11]
Snacking in a Winter Wonderland: Kellanova's Holiday Specials
Prnewswire· 2024-12-20 13:00
Cheerful Treats for Every Holiday MomentCHICAGO, Dec. 20, 2024 /PRNewswire/ -- The magic of the holidays is here, and Kellanova is delivering seasonal snacks that bring a smile with every bite. Our festive flavors and creative packaging are crafted to celebrate the spirit of the season in the most delicious way possible.Pop-Tarts®: Sweet Treats to Toast the SeasonUnwrap the magic of the holidays with Frosted Marshmallow Hot Cocoa Pop-Tarts, a toasty, chocolatey delight perfect for chilly winter mornings. Ea ...
Pop-Tarts Bowl, GE Appliances Unveil First-Of-Its-Kind Trophy with Built-In, Working Toaster
Prnewswire· 2024-12-16 13:00
The concept builds on enthusiastic fan and media feedback from last year's Pop-Tarts Bowl, which saw the brand make headlines around the world for its creative and unconventional in-game activations, including the first-ever edible mascot. This new addition for 2024 transforms the trophy from a beloved victory keepsake into an interactive celebration of flavor, nostalgia and football prowess. "Our fans have made it clear: The Pop-Tarts Bowl isn't just another game, it's an experience," Pop-Tarts Bowl CEO St ...
Fan-Favorite 'Frosted Cinnamon Roll' Unwrapped as Pop-Tarts® Bowl Third Edible Mascot, Returning to Shelves Nationwide
Prnewswire· 2024-12-04 14:00
Plus, Fans Can Enter for a Chance to Win a Memorialized Piece of the Winning Edible MascotCHICAGO, Dec. 4, 2024 /PRNewswire/ -- After weeks of speculation, Pop-Tarts® has unmasked fan-favorite Frosted Cinnamon Roll as the mystery third flavor making its triumphant return at this year's Pop-Tarts Bowl. Appearing as an Edible Mascot alongside Frosted Hot Fudge Sundae and Frosted Wild Berry, Frosted Cinnamon Roll will compete to achieve the ultimate pastry dream of being eaten by the winning team. Pop-Tart ...
Here's Why Kellanova (K) is a Strong Momentum Stock
ZACKS· 2024-11-26 15:55
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Devel ...
Farmingdale's Step By Step Dance Studio Holds Cookie Dough Fundraiser
Farmingdale, NY Patch· 2024-11-25 10:04
FARMINGDALE, NY — Step By Step Dance Studio of Farmingdale is holding a cookie dough fundraiser to help support its community service troupe, the Step By Step Dance Company.People can order cookie dough here for shipping to their home. Flavor options are Mrs. Fields Chocolate Chip; Snickerdoodle; Oatmeal Raisin; Peanut Butter; Caramel Apple Crunch; and White Chocolate Macadamia Nut. The deadline to order is Dec. 2. ...
Why Kellanova (K) is a Top Value Stock for the Long-Term
ZACKS· 2024-11-21 15:45
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. ...
United Bancorporation of Alabama, Inc. Repurchases all Common Stock Held by its 401(K) Employee Stock Ownership Plan
Prnewswire· 2024-11-18 14:27
Core Points - United Bancorporation of Alabama, Inc. has completed the repurchase of all shares of common stock held by its 401(k) Employee Stock Ownership Plan (KSOP) for approximately $10.7 million at a price of $54.25 per share [1][2] - The transaction involved negotiations between United and the KSOP Trustee, with independent appraisal and legal counsel ensuring the adequacy of the consideration paid [2] - The transaction closed on November 15, 2024, with a Special Independent KSOP Trustee appointed to oversee the review and negotiation process [2] Company Overview - United Bancorporation of Alabama, Inc. is a financial holding company with assets of $1.4 billion, serving Southwest Alabama and Northwest Florida [3] - The company operates 23 locations across six counties and is designated as a Community Development Financial Institution (CDFI), focusing on economic development in underserved communities [3] - Its subsidiary, UB Community Development, emphasizes economic and community development through programs like New Markets Tax Credits and affordable housing initiatives [3]
Pop-Tarts® Dials Up the Crazy Good Drama as Three Edible Mascots Compete to be Eaten at the 2024 Pop-Tarts Bowl
Prnewswire· 2024-11-18 14:00
Core Insights - The 2024 Pop-Tarts Bowl will feature three new Edible Mascots competing for the title of the game-winning snack, enhancing the event's entertainment value [1][2][4] - The new mascots include Frosted Wild Berry, Frosted Hot Fudge Sundae, and a Mystery Flavor that is a fan-favorite returning from the past [3] - The event will take place on December 28, 2024, at Camping World Stadium in Orlando, and will be broadcast live on ABC [6][8] Company and Brand Strategy - Kellanova, the parent company of Pop-Tarts, aims to leverage the popularity of the Edible Mascot campaign, which previously gained significant attention and accolades, including the Cannes Lions Grand Prix [5][8] - The company is committed to creating engaging and shareable moments for fans, indicating a focus on brand activation and consumer engagement [5] - Limited-edition Pop-Tarts Printed Fun Mascot Packs are being sold to commemorate the event, showcasing the brand's strategy to capitalize on nostalgia and fan engagement [5] Market Position and Performance - Kellanova reported net sales of $13 billion for 2023, indicating a strong market presence in the snacking and food industry [9] - The Pop-Tarts Bowl has become a significant cultural event, with the first edition generating substantial online engagement and becoming a meme sensation [5][8] - Florida Citrus Sports, the event management organization, collaborates with Kellanova to enhance the quality of life in Central Florida through events like the Pop-Tarts Bowl [11]
Touchdown! Cheez-It® increases donation to $300,000 for the College Football Playoff Foundation's Extra Yard for Teachers initiative
Prnewswire· 2024-11-14 15:27
Second year of partnership underscores Kellanova's commitment to creating #BetterDays for everyoneCHICAGO, Nov. 14, 2024 /PRNewswire/ -- For the second year in a row, Cheez-It® is partnering with the College Football Playoff (CFP) Foundation's Extra Yard for Teachers initiative to give back to educators who have continuously stepped up for their students. Cheez-It is donating $300,000 to Extra Yard for Teachers—a $50,000 increase from the previous year—to help ensure teachers have the tools they need to ins ...