Kellanova Co, formerly Kellogg's, has attracted a lot of attention from large asset management firms.
Panagora Asset Management Inc. and
Natixis Advisors L.P. have sold significant shares, while
Apollon Wealth Management LLC,
Mitsubishi UFJ Asset Management Co. Ltd and others expanded their holdings. The company's Q1 and Q4 earnings beat expectations, causing a surge in the stock price. However,
Kellanova continues to underperform in the market with its stock experiencing major fluctuations.
Kellanova has been given a consensus rating of 'Hold' from brokerages and investor sentiment seems mixed with major shareholders selling off large amounts of stock. In some encouraging news, Kellanova completed a business separation which could fuel growth. The firm's one-year underlying earnings growth shows promise, despite shareholders incurring losses over that time. The stock has also been favored by institutional ownership at 86%. The company's debt, however, presents potential risk. The conclusion of a business separation to fuel growth and the company's Q4 earnings report are positive signs. However, the company's restructuring following Kellogg's separation resulted in a drop in stock value.
Kellanova Stocks K News Analytics from Fri, 05 Jun 2015 22:16:19 GMT to Sun, 19 May 2024 13:57:12 GMT -
Rating 6
- Innovation -3
- Information 3
- Rumor -1
