Kellanova (K) is set to release its quarterly earnings. Concurrently, the Ferrero Group has plans to acquire Kellanova's sister company, WK Kellogg for $3.1 billion. This comes as many parties, major shareholders including Auto Owners Insurance Co., Envestnet Asset Management Inc., and Kellogg W. K. Foundation Trust, are selling their shares of Kellanova. Conversely, Readystate Asset Management LP, IFP Advisors Inc, Oak Thistle LLC, AustralianSuper Pty Ltd, and several others are increasing their positions.
Kellanova's dividend payment records remain consistent with a recent increase in their quarterly dividend payout. However, Kellanova's Q1 revenue estimates were not met, provoking a slump in the company's stock. The company's proposed merger with Mars is undergoing regulatory scrutiny following the US regulators' initial approval. Value assessment remains variable, as Bernstein maintains a 'Market Perform' rating while facing an EU probe. With the pending Mars acquisition, Kellanova's future appears uncertain for the investors.
Kellanova Stocks K News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Sat, 26 Jul 2025 19:20:22 GMT -
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