Kellanova

NYSE:K Stock Report

Market Cap: US$29.0b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Kellanova Dividends and Buybacks

Dividend criteria checks 4/6

Kellanova is a dividend paying company with a current yield of 2.78% that is well covered by earnings. Next payment date is on 15th December, 2025 with an ex-dividend date of 1st December, 2025.

Key information

2.8%

Dividend yield

-0.4%

Buyback Yield

Total Shareholder Yield2.3%
Future Dividend Yield2.9%
Dividend Growth1.7%
Next dividend pay date15 Dec 25
Ex dividend date01 Dec 25
Dividend per sharen/a
Payout ratio62%

Recent dividend and buyback updates

Recent updates

Seeking Alpha • Dec 11

Kellanova: A Global Snacks Engine Being Cashed Out At Full, But Not Frothy, Value

Summary Kellanova (K) is being acquired by Mars for $83.50/share, fairly valuing its snacks-led transformation and emerging markets growth. K's upside is capped by the all-cash offer; current trading presents a hold-to-close arbitrage opportunity for public investors. Strong brand architecture and emerging market exposure underpin K's resilience, but developed market growth is slowing and FX remains a headwind. Valuation multiples (EV/EBITDA ~15x, P/E low 20s) and DCF analysis confirm Mars's offer is fair; deal closure is the key catalyst. Read the full article on Seeking Alpha
Seeking Alpha • Feb 19

Kellanova: Nowhere To Go, No Value To Grow, Hold

Summary Mars Incorporated's acquisition of Kellanova at $83.50 per share is the sole reason for the stock's recent surge; otherwise, the stock would likely fall. Kellanova's financials show declining revenue and free cash flow, with minimal growth in net income and dividends, indicating stagnation. Valuation models suggest Kellanova's intrinsic value is significantly lower than its current price, reinforcing the stock's overvaluation without the acquisition. I recommend a HOLD rating due to the likely acquisition; without it, Kellanova would be a SELL given its poor growth prospects. Read the full article on Seeking Alpha
Seeking Alpha • Nov 04

Kellanova Q3 Results: Decent Quarter, And Acquisition By Mars Is Progressing Well

Summary Kellanova's Q3 results showed mixed regional sales but improved profitability, with adjusted EPS beating consensus estimates and GAAP EPS increasing by 84% year-over-year. Despite weak sales, efficiency and profitability improvements highlight management's adeptness at cost-cutting and enhancing overall performance. Shareholders approved the merger with Mars, but regulatory approvals are pending, leaving some uncertainty about the finalization of the acquisition. With limited upside potential and a share price ceiling of $83.5, investors need to ask themselves if a few extra bucks are enough to hold through potential risks. Read the full article on Seeking Alpha
Seeking Alpha • Aug 15

Kellanova: A Bittersweet Exit For Some, But A Great Treat For Others

Summary Mars is acquiriing Kellanova in an all-cash deal for $35.9 billion, sending shares spiking 7.8%. Kellanova's financial performance shows growth potential, upside is now severely limited. While some small chance of another suitor exists, this is unlikely and investors can get better returns elsewhere. Read the full article on Seeking Alpha
Seeking Alpha • Aug 06

Kellanova: A Bidding War On The Horizon?

Summary Kellanova is in talks with potential buyers Mars and Hershey for acquisition, leading to a surge in share price. Mars and Hershey both see strategic benefits in acquiring Kellanova, such as cost reductions, manufacturing efficiencies, and marketing synergies. Kellanova's financial performance has been decent, with strong Q2 results and increased guidance, leading to a higher premium for potential acquisition. Read the full article on Seeking Alpha

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: K's dividends per share have been stable in the past 10 years.

Growing Dividend: K's dividend payments have increased over the past 10 years.

Dividend Yield vs Market

Kellanova Dividend Yield vs Market
How does K dividend yield compare to the market?
SegmentDividend Yield
Company (K)2.8%
Market Bottom 25% (US)1.3%
Market Top 25% (US)4.1%
Industry Average (Food)4.3%
Analyst forecast (K) (up to 3 years)2.9%

Notable Dividend: K's dividend (2.78%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: K's dividend (2.78%) is low compared to the top 25% of dividend payers in the US market (4.43%).

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (62.1%), K's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (134.8%), K's dividend payments are not well covered by cash flows.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/10 04:54
End of Day Share Price 2025/12/10 00:00
Earnings2025/09/27
Annual Earnings2024/12/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kellanova is covered by 27 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher GrajaArgus Research Company
Kenneth ZaslowBMO Capital Markets Equity Research
Jonathan FeeneyBrean Capital Historical (Janney Montgomery)