Kellanova (NYSE:K), formerly known as Kellogg, has recently concluded its business separation, splitting into two independent companies, Kellanova and WK Kellogg Co. Notably, this has led to substantial trades of Kellanova's stock, with multiple well-known financial firms like M&G Plc, BNP Paribas, and Mitsubishi UFJ Asset Management Co. Ltd., among others, either acquiring or selling their holdings. Barclays has adjusted Kellanova's price target twice, finally settling at $61.00.
Despite some selling off, there is also an increase in short interest and high volume purchases of call options, suggesting mixed market sentiment. It's pertinent to mention that Kellanova has 88% institutional ownership, underlining its popularity among big players. However, insiders have sold approximately US$3.1 million in stock, adding to the complex scenery.
The company's recent earnings reports show that while Kellanova's profit expectations were exceeded, sales have suffered due to high prices. Its Q1 Earnings Report and the Stock's Forecast for 2024 are awaited with interest. Kellanova's CEO compensation has also been in focus, with indications that most shareholders deem it acceptable.
Kellanova Stocks K News Analytics from Fri, 05 Jun 2015 22:16:19 GMT to Sun, 21 Jul 2024 20:11:36 GMT - Rating 4 - Innovation 1 - Information 6 - Rumor -4
