Kellanova
About: Following its split from the North American cereal business in October 2023, Kellanova (previously the global snacking arm of Kellogg) has operated as a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in over 180. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about two thirds of Kellanova's consolidated sales base. Mars is slated to acquire the recently independent business in a nearly $36 billion deal.
Employees: 24,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
13% more repeat investments, than reductions
Existing positions increased: 333 | Existing positions reduced: 296
2.67% more ownership
Funds ownership: 80.67% [Q1] → 83.34% (+2.67%) [Q2]
2% more funds holding in top 10
Funds holding in top 10: 41 [Q1] → 42 (+1) [Q2]
0% more capital invested
Capital invested by funds: $23B [Q1] → $23B (+$31.2M) [Q2]
2% less funds holding
Funds holding: 923 [Q1] → 901 (-22) [Q2]
11% less first-time investments, than exits
New positions opened: 80 | Existing positions closed: 90
53% less call options, than puts
Call options by funds: $99.3M | Put options by funds: $211M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
|
JP Morgan
Thomas Palmer
|
$84
|
Neutral
Assumed
|
20 Aug 2025 |
Financial journalist opinion
Based on 7 articles about K published over the past 30 days
