Kellanova (NYSE:K), formerly Kellogg Company, showed interesting activities in Q1 earnings beating former Kellogg's results. Major shareholder, Kellogg W. K. Foundation Trust, sold a substantial amount of shares, while smaller investors and retirement groups acquired new stakes. Analysts gave it an average rating of “Hold”. Despite the mix of buying and selling by various stakeholders, Kellanova's short interest and profit beat expectations sparking market interest. Kellanova's international revenue reliance is also noteworthy. Delving deeper, Kellanova's separation from WK Kellogg resulted in both stocks tumbling on their first trading day. The company has a promising 86% institutional ownership but its CEO compensation was considered acceptable by most shareholders. Kellanova concludes its business separation aiming to boost growth and even amid market uncertainty, it remains one of the staple stocks to consider. However, due to recent division, some investors find it premature to judge its attractiveness. Finally, Kellanova revealed new executive compensation and incentive plans.
Kellanova Stocks K News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Sat, 15 Jun 2024 12:36:40 GMT -
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