Kellanova
Description
Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, Morningstar Farms, Bisco, Club, Luxe, Minueto, Special K, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Müsli, Fruit n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, and Choco Krispies brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was formerly known as Kellogg Company and changed its name to Kellanova in October 2023. Kellanova was founded in 1906 and is headquartered in Chicago, Illinois.
About
CEO
Mr. Steven A. Cahillane
Employees
23,000
Instrument type
Common Stock
Sector
Consumer Defensive
Industry
Packaged Foods
MIC code
XNYS
Address
412 North Wells Street, Chicago, IL 60654, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 6, 2025 | 0.31 | — | — | — |
| Oct 31, 2024 | 0.85 | 0.91 | 0.06 | 7.06% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 13 | — | 20 |
| Average estimate | — | 1.04 | — | 3.92 |
| Low estimate | — | 0.97 | — | 3.79 |
| High estimate | — | 1.08 | — | 4.11 |
| Last year EPS | — | 1.01 | — | 3.75 |
[stock_revenue_estimate]
Growth estimates
Current qtr
6.590%
Next qtr. (Mar 2025)
3.040%
Current year
16.180%
Next year (Dec 2025)
4.410%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 13.12B | 12.65B | 11.75B | 13.77B | 13.58B |
| Cost of revenue | 8.84B | 8.84B | 7.93B | 9.04B | 9.20B |
| Gross profit | 4.28B | 3.81B | 3.82B | 4.73B | 4.38B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 2.78B | 2.60B | 2.44B | 2.97B | 2.98B |
| Other operating expenses | — | — | — | — | — |
| Operating income | 1.51B | 1.21B | 1.38B | 1.76B | 1.40B |
| Non operating interest income | |||||
| Income | 101.00M | 33.00M | — | — | — |
| Expense | 303.00M | 201.00M | 205.00M | 281.00M | 284.00M |
| Other income expense | -263.00M | -141.00M | 274.00M | 121.00M | 188.00M |
| Pretax income | 1.04B | 902.00M | 1.45B | 1.60B | 1.31B |
| Tax provision | 258.00M | 180.00M | 353.00M | 323.00M | 321.00M |
| Net income | 964.00M | 962.00M | 1.49B | 1.26B | 977.00M |
| Basic EPS | 2.78 | 2.81 | 4.36 | 3.65 | 2.81 |
| Diluted EPS | 2.76 | 2.79 | 4.33 | 3.63 | 2.80 |
| Basic average shares | 342.09M | 341.00M | 341.00M | 343.00M | 341.00M |
| Diluted average shares | 342.09M | 341.00M | 341.00M | 343.00M | 341.00M |
| EBITDA | 1.76B | 1.58B | 2.12B | 2.36B | 2.07B |
| Net income from continuing op. | 964.00M | 962.00M | 1.50B | 1.26B | 977.00M |
| Minority interests | -13.00M | -2.00M | -7.00M | -13.00M | -17.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 15.62B | 18.50B | 18.18B | 18.00B | 17.56B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 274.00M | 299.00M | 286.00M | 435.00M | 397.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 1.23B | 1.24B | 1.23B | 1.25B | 1.31B |
| Other receivables | 264.00M | 212.00M | 202.00M | 218.00M | 215.00M |
| Inventory | 1.24B | 1.34B | 1.40B | 1.28B | 1.23B |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | 638.00M | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 245.00M | 378.00M | 221.00M | 226.00M | 232.00M |
| Non current assets | |||||
| Properties | 661.00M | 610.00M | 640.00M | 658.00M | 541.00M |
| Land and improvements | 107.00M | 94.00M | 123.00M | 120.00M | 116.00M |
| Machinery furniture equipment | 5.13B | 5.00B | 6.87B | 6.62B | 6.35B |
| Construction in progress | 591.00M | 528.00M | 623.00M | 641.00M | 566.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -4.33B | -4.16B | -6.03B | -5.81B | -5.44B |
| Goodwill | 12.25B | 13.00B | 13.95B | 14.09B | 14.30B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.93B | 2.24B | 2.41B | 2.49B | 2.58B |
| Investments and advances | 184.00M | 432.00M | 424.00M | 391.00M | 404.00M |
| Other non current assets | 632.00M | 2.01B | 688.00M | 769.00M | 615.00M |
| Total liabilities | 12.25B | 14.12B | 13.96B | 14.36B | 14.25B |
| Current liabilities | |||||
| Accounts payable | 2.31B | 2.57B | 2.57B | 2.47B | 2.39B |
| Accrued expenses | 1.04B | 1.03B | 1.01B | 1.15B | 931.00M |
| Short term debt | 905.00M | 1.37B | 965.00M | 846.00M | 841.00M |
| Deferred revenue | 85.00M | 150.00M | 138.00M | — | — |
| Tax payable | 57.00M | 49.00M | 49.00M | 58.00M | 42.00M |
| Pensions | — | — | — | — | — |
| Other current liabilities | 655.00M | 1.19B | 576.00M | 709.00M | 577.00M |
| Non current liabilities | |||||
| Long term debt | 5.62B | 5.80B | 6.76B | 7.27B | 7.63B |
| Provision for risks and charges | 40.00M | 37.00M | 40.00M | 56.00M | 81.00M |
| Deferred liabilities | 497.00M | 707.00M | 722.00M | 562.00M | 596.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 399.00M | 434.00M | 384.00M | 435.00M | 429.00M |
| Shareholders equity | |||||
| Common stock | 105.00M | 105.00M | 105.00M | 105.00M | 105.00M |
| Retained earnings | 8.80B | 9.20B | 9.03B | 8.33B | 7.86B |
| Other shareholders equity | -2.04B | -1.71B | -1.72B | -1.73B | -1.45B |
| Total shareholders equity | 3.37B | 4.38B | 4.22B | 3.64B | 3.31B |
| Additional paid in capital | 1.10B | 1.07B | 1.02B | 972.00M | 921.00M |
| Treasury stock | 4.79B | 4.72B | 4.72B | 4.56B | 4.69B |
| Minority interest | 194.00M | 434.00M | 495.00M | 524.00M | 567.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||
| Net Income | 964.00M | 962.00M | 1.50B | 1.26B | 977.00M | 1.34B | 1.25B | 700.00M | 614.00M | 633.00M | 1.81B | 961.00M | 864.00M | 1.28B | 1.21B | 1.15B | 1.10B | 1.00B | 980.00M | 890.60M | 787.10M | 720.90M | 473.60M | 587.70M | 338.30M | 502.60M | 564.00M | 531.00M | 490.30M | 705.40M | 680.70M | 682.80M | 606.00M | 502.80M | 422.10M |
| Depreciation | 419.00M | 478.00M | 467.00M | 479.00M | 484.00M | 516.00M | 481.00M | 517.00M | 534.00M | 503.00M | 532.00M | 448.00M | 369.00M | 392.00M | 384.00M | 375.00M | 372.00M | 353.00M | 392.00M | 410.00M | 372.80M | 348.40M | 438.60M | 290.60M | 288.00M | 278.10M | 287.00M | 251.50M | 258.80M | 256.10M | 265.20M | 231.50M | 222.80M | 200.20M | 167.60M |
| Deferred Taxes | -21.00M | -46.00M | 125.00M | 69.00M | 47.00M | 46.00M | 86.00M | -36.00M | -190.00M | -254.00M | 317.00M | -159.00M | -93.00M | 266.00M | -40.00M | 157.00M | -69.00M | -44.00M | -59.00M | 57.70M | 74.80M | 111.20M | 71.50M | -1.40M | -60.50M | 46.20M | 39.00M | 58.00M | -78.70M | 24.50M | 8.70M | 9.70M | -5.40M | 45.60M | 32.00M |
| Stock-Based Compensation | 95.00M | 96.00M | 68.00M | 76.00M | 56.00M | 59.00M | 66.00M | 63.00M | 51.00M | 37.00M | 34.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | -2.00M | -65.00M | -64.00M | -48.00M | -64.00M | -357.00M | -43.00M | 49.00M | -25.00M | -178.00M | -63.00M | -72.00M | -307.00M | -640.00M | -87.00M | -330.00M | 87.00M | 136.00M | -397.00M | -204.00M | 76.10M | — | — | — | — | 1.00M | -18.00M | — | -65.40M | -49.30M | -19.10M | 25.10M | 16.80M | 17.70M | 25.10M |
| Accounts Receivable | -42.00M | -257.00M | -9.00M | 75.00M | -145.00M | 76.00M | -1.30B | -480.00M | -127.00M | 131.00M | -50.00M | -65.00M | -100.00M | 59.00M | -75.00M | 48.00M | -63.00M | -58.00M | -112.00M | -25.70M | -17.90M | 28.10M | 100.90M | 1.10M | 21.00M | -102.60M | 5.00M | 10.90M | -25.60M | -27.70M | -17.70M | -99.10M | 10.20M | -75.00M | 49.40M |
| Accounts Payable | -340.00M | 411.00M | 194.00M | -9.00M | -9.00M | 115.00M | 193.00M | 124.00M | 427.00M | 96.00M | 31.00M | 208.00M | 40.00M | 72.00M | -59.00M | 32.00M | 167.00M | 27.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 406.00M | -168.00M | -183.00M | 162.00M | 42.00M | -240.00M | 67.00M | 53.00M | -94.00M | -35.00M | 237.00M | -118.00M | -80.00M | -124.00M | 72.00M | -22.00M | -77.00M | -4.30M | -16.00M | -67.50M | -206.70M | 195.90M | 370.30M | -49.20M | -83.00M | -58.60M | -17.00M | -47.20M | 40.00M | 58.80M | -46.70M | -73.60M | 41.30M | 131.70M | -48.30M |
| Operating Cash Flow | 1.48B | 1.41B | 2.09B | 2.07B | 1.39B | 1.56B | 804.00M | 990.00M | 1.19B | 933.00M | 2.85B | 1.20B | 693.00M | 1.31B | 1.40B | 1.41B | 1.52B | 1.41B | 788.00M | 1.06B | 1.09B | 1.40B | 1.45B | 828.80M | 503.80M | 666.70M | 860.00M | 804.20M | 619.40M | 967.80M | 871.10M | 776.40M | 891.70M | 823.00M | 647.90M |
| Investing Activities | |||||||||||||||||||||||||||||||||||
| Capital Expenditures | -677.00M | -488.00M | -553.00M | -505.00M | -586.00M | -578.00M | -501.00M | -507.00M | -553.00M | -582.00M | -637.00M | -533.00M | -594.00M | -474.00M | -377.00M | -461.00M | -469.00M | -444.00M | -364.00M | -270.70M | -219.40M | -186.60M | -266.40M | -226.10M | -236.60M | -394.90M | -332.00M | -800.90M | -309.40M | -338.70M | -335.10M | -339.80M | -308.30M | -302.50M | -493.70M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -10.00M | -7.00M | 1.33B | -417.00M | -592.00M | -373.00M | -617.00M | -6.00M | -6.00M | -2.67B | — | — | — | -213.00M | -128.00M | — | -50.00M | — | — | -2.20M | -3.86B | -137.20M | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -15.00M | -17.00M | -61.00M | -331.00M | -18.00M | -8.00M | -7.00M | -2.00M | — | — | — | — | — | — | — | — | -4.00M | -1.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 132.00M | 56.00M | 91.00M | 269.00M | 83.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -562.00M | -448.00M | -528.00M | -585.00M | 774.00M | -948.00M | 149.00M | -392.00M | -1.13B | -573.00M | -641.00M | -3.25B | -587.00M | -465.00M | -370.00M | -681.00M | -605.00M | -446.70M | -415.00M | -270.40M | -219.00M | -188.80M | -4.14B | -379.30M | -244.20M | -398.00M | -329.00M | -786.80M | -308.90M | -235.40M | -360.20M | -350.40M | -319.90M | -310.40M | -495.20M |
| Financing Activities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 439.00M | 67.00M | 434.00M | 601.00M | 142.00M | 1.06B | 1.27B | 4.62B | 910.00M | 1.98B | 1.29B | 2.45B | 895.00M | 987.00M | 1.25B | 946.00M | 1.55B | 1.07B | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -1.16B | -683.00M | -740.00M | -1.28B | -1.10B | -695.00M | -870.00M | -4.63B | -889.00M | -2.08B | -1.73B | -1.46B | -945.00M | -2.00M | -1.84B | -784.00M | -2.01B | -994.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -141.00M | 18.00M | -35.00M | -40.00M | -26.00M | -11.00M | — | — | — | 9.00M | 24.00M | — | 15.00M | 8.00M | 5.00M | 5.00M | 6.00M | 22.00M | 6.00M | -6.70M | -600,000 | — | 600,000 | — | — | — | — | -6.60M | -5.60M | -6.10M | 2.90M | 11.40M | 1.10M | -6.50M | -500,000 |
| Financing Cash Flow | -1.47B | -1.08B | -1.33B | -1.40B | -1.92B | -830.00M | -604.00M | -1.70B | -706.00M | -1.06B | -1.67B | 1.32B | -957.00M | -440.00M | -2.47B | -780.00M | -788.00M | -1.13B | -871.00M | -430.00M | -381.40M | -412.70M | -382.80M | -399.40M | -375.80M | -599.80M | -715.00M | -867.20M | -672.00M | -644.70M | -847.50M | -485.70M | -324.10M | -316.80M | -279.50M |
| Other Cash Details | |||||||||||||||||||||||||||||||||||
| End Cash Position | 274.00M | 299.00M | 286.00M | 435.00M | 397.00M | 321.00M | 281.00M | 280.00M | 251.00M | 443.00M | 273.00M | 281.00M | 460.00M | 444.00M | 334.00M | 255.00M | 524.00M | 411.00M | 219.00M | 417.40M | 141.20M | 100.60M | 231.80M | 204.40M | 150.60M | 136.40M | 173.00M | — | — | — | 98.10M | — | — | — | — |
| Income Tax Paid | 322.00M | 312.00M | 365.00M | 281.00M | 537.00M | 188.00M | 352.00M | 256.00M | 337.00M | 414.00M | 426.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 291.00M | 220.00M | 213.00M | 249.00M | 284.00M | 280.00M | 258.00M | 405.00M | 228.00M | 209.00M | 234.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 968.00M | 1.16B | 1.15B | 1.48B | 590.00M | 958.00M | -98.00M | 764.00M | 1.14B | 1.21B | 1.17B | 1.23B | 1.00B | 534.00M | 1.27B | 806.00M | 1.03B | 957.00M | 769.00M | 950.40M | 923.80M | 746.40M | 855.50M | 650.00M | 230.80M | 318.00M | 542.00M | -101.00M | 725.30M | 612.50M | 350.50M | 268.30M | 600.90M | 498.70M | 24.80M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 8,728,349 | 713.54M | 2.53% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 7,025,482 | 574.33M | 2.04% |
| Vanguard Mid-Cap Index Fund | Sep 30, 2024 | 5,826,323 | 476.30M | 1.69% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 3,316,523 | 271.13M | 0.96% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 3,315,092 | 271.01M | 0.96% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 3,032,149 | 247.88M | 0.88% |
| Select Sector SPDR Fund-Consumer Staples | Nov 30, 2024 | 2,563,667 | 209.58M | 0.74% |
| Vanguard Index-Value Index Fund | Sep 30, 2024 | 2,332,139 | 190.65M | 0.68% |
| iShares MSCI USA Min Vol Factor ETF | Nov 30, 2024 | 2,177,265 | 177.99M | 0.63% |
| Vanguard Mid-Cap Value Index Fund | Sep 30, 2024 | 1,888,176 | 154.36M | 0.55% |
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