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Kellanova (K) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2025-01-08 15:15
Stock Performance - Kellanova's stock has risen by 0.8% over the past month and hit a new 52-week high of $81.39 [1] - The stock has gained 0.5% since the start of the year, underperforming the Zacks Consumer Discretionary sector (10.7%) and the Zacks Consumer Products - Discretionary industry (11.2%) [1] Earnings and Revenue - Kellanova has consistently beaten earnings estimates, with no misses in the last four quarters [2] - In the last earnings report, the company reported EPS of $0.91, surpassing the consensus estimate of $0.85 [2] - For the current fiscal year, Kellanova is expected to post earnings of $3.93 per share on $12.74 billion in revenues [3] - For the next fiscal year, earnings are expected to grow by 4.81% to $4.03 per share, with revenues increasing by 1.91% to $12.98 billion [3] Valuation Metrics - Kellanova trades at 20.7X current fiscal year EPS estimates, a premium to the peer industry average of 13.7X [7] - On a trailing cash flow basis, the stock trades at 18.1X versus the peer group's average of 8.2X [7] - The stock has a PEG ratio of 2.49, indicating it may not be in the top tier from a value perspective [7] Zacks Style Scores and Rank - Kellanova has a Value Score of B, Growth Score of B, and Momentum Score of B, resulting in a VGM Score of A [6] - The stock holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates [8] Industry Comparison - Funko, Inc. (FNKO) is a strong industry peer with a Zacks Rank of 1 (Strong Buy) and similar style scores (Value: B, Growth: B, Momentum: B) [9] - Funko, Inc. beat earnings estimates by 250% last quarter and is expected to post earnings of $0.38 per share on $1.04 billion in revenue for the current fiscal year [10] - Funko's stock has gained 20.4% over the past month and trades at a forward P/E of 36.74X and a P/CF of 267.61X [10] - Despite the Consumer Products - Discretionary industry ranking in the bottom 87% of all industries, both Kellanova and Funko show strong fundamentals and potential for growth [11]
Snacking in a Winter Wonderland: Kellanova's Holiday Specials
Prnewswire· 2024-12-20 13:00
Cheerful Treats for Every Holiday MomentCHICAGO, Dec. 20, 2024 /PRNewswire/ -- The magic of the holidays is here, and Kellanova is delivering seasonal snacks that bring a smile with every bite. Our festive flavors and creative packaging are crafted to celebrate the spirit of the season in the most delicious way possible.Pop-Tarts®: Sweet Treats to Toast the SeasonUnwrap the magic of the holidays with Frosted Marshmallow Hot Cocoa Pop-Tarts, a toasty, chocolatey delight perfect for chilly winter mornings. Ea ...
Pop-Tarts Bowl, GE Appliances Unveil First-Of-Its-Kind Trophy with Built-In, Working Toaster
Prnewswire· 2024-12-16 13:00
Group 1 - The 2024 Pop-Tarts Bowl will feature an innovative trophy that doubles as a working toaster, enhancing the overall fan experience and celebrating the intersection of flavor and football [1][2][3] - The collaboration between Pop-Tarts and GE Appliances aims to redefine traditional trophy design, showcasing creativity and functionality [2][3] - The trophy was officially unveiled on December 15, 2023, in Orlando, where guests had the opportunity to toast pastries using the trophy [3][4] Group 2 - The Pop-Tarts Bowl is scheduled for December 28, 2024, at 3:30 p.m. ET, and will be broadcast live on ABC, promising an exciting matchup for viewers [5] - Florida Citrus Sports, the organization behind the event, focuses on enhancing the quality of life in Central Florida through world-class events [6] - Kellanova, the parent company of Pop-Tarts, reported net sales of $13 billion for 2023 and aims to become a leading snacks-led powerhouse [7]
Fan-Favorite 'Frosted Cinnamon Roll' Unwrapped as Pop-Tarts® Bowl Third Edible Mascot, Returning to Shelves Nationwide
Prnewswire· 2024-12-04 14:00
Core Insights - Pop-Tarts® has announced the return of the Frosted Cinnamon Roll flavor as the third Edible Mascot for the 2024 Pop-Tarts Bowl, joining Frosted Hot Fudge Sundae and Frosted Wild Berry [1][2][3] - The Frosted Cinnamon Roll flavor will be available on shelves nationwide in the coming weeks, with a limited drop currently for sale online [2][3] - The Pop-Tarts Bowl will take place on December 28, 2024, and will feature fan engagement through voting for the Edible Mascot they want to see consumed by the winning team [5][8] Company and Industry Overview - Kellanova, the parent company of Pop-Tarts, reported net sales of $13 billion for 2023 and aims to become a leading snacks-led powerhouse [10] - The Pop-Tarts Bowl is part of a multi-year agreement with Florida Citrus Sports, enhancing the brand's visibility in college football [9][12] - The 2023 Pop-Tarts Edible Mascot campaign received multiple awards, including the Cannes Lions Grand Prix, highlighting the brand's successful marketing strategies [9]
Farmingdale's Step By Step Dance Studio Holds Cookie Dough Fundraiser
Farmingdale, NY Patch· 2024-11-25 10:04
Core Points - Step By Step Dance Studio of Farmingdale is conducting a cookie dough fundraiser to support its community service troupe, the Step By Step Dance Company [1] - The fundraiser offers various cookie dough flavors including Mrs. Fields Chocolate Chip, Snickerdoodle, Oatmeal Raisin, Peanut Butter, Caramel Apple Crunch, and White Chocolate Macadamia Nut [1] - The deadline for placing orders for the cookie dough is December 2 [2]
Why Kellanova (K) is a Top Value Stock for the Long-Term
ZACKS· 2024-11-21 15:45
Core Insights - The article emphasizes the importance of utilizing Zacks Premium for investors to enhance their stock market confidence and investment strategies [1]. Zacks Style Scores - Zacks Style Scores are indicators that assist investors in selecting stocks likely to outperform the market within 30 days, rated from A to F based on value, growth, and momentum characteristics [3][4][5][6][7]. Value Score - The Value Style Score identifies attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [4]. Growth Score - The Growth Style Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [5]. Momentum Score - The Momentum Style Score helps investors capitalize on price or earnings trends, utilizing factors like one-week price change and monthly earnings estimate changes [6]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for stocks with attractive value, growth forecasts, and promising momentum [7]. Zacks Rank - The Zacks Rank is a proprietary stock-rating model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9]. Stock to Watch: Kellogg Company - Kellogg Company, headquartered in Battle Creek, MI, produces ready-to-eat cereals and convenience foods, maintaining a balanced portfolio of cereal and snack products [14]. - Kellogg Company holds a 3 (Hold) Zacks Rank with a VGM Score of A and a Value Style Score of B, supported by a forward P/E ratio of 21.59 and a recent increase in earnings estimates for fiscal 2024 [15]. - The company has an average earnings surprise of 10.9%, making it a notable consideration for investors [15][16].
United Bancorporation of Alabama, Inc. Repurchases all Common Stock Held by its 401(K) Employee Stock Ownership Plan
Prnewswire· 2024-11-18 14:27
Core Points - United Bancorporation of Alabama, Inc. has completed the repurchase of all shares of common stock held by its 401(k) Employee Stock Ownership Plan (KSOP) for approximately $10.7 million at a price of $54.25 per share [1][2] - The transaction involved negotiations between United and the KSOP Trustee, with independent appraisal and legal counsel ensuring the adequacy of the consideration paid [2] - The transaction closed on November 15, 2024, with a Special Independent KSOP Trustee appointed to oversee the review and negotiation process [2] Company Overview - United Bancorporation of Alabama, Inc. is a financial holding company with assets of $1.4 billion, serving Southwest Alabama and Northwest Florida [3] - The company operates 23 locations across six counties and is designated as a Community Development Financial Institution (CDFI), focusing on economic development in underserved communities [3] - Its subsidiary, UB Community Development, emphasizes economic and community development through programs like New Markets Tax Credits and affordable housing initiatives [3]
Pop-Tarts® Dials Up the Crazy Good Drama as Three Edible Mascots Compete to be Eaten at the 2024 Pop-Tarts Bowl
Prnewswire· 2024-11-18 14:00
Core Insights - The 2024 Pop-Tarts Bowl will feature three new Edible Mascots competing for the title of the game-winning snack, enhancing the event's entertainment value [1][2][4] - The new mascots include Frosted Wild Berry, Frosted Hot Fudge Sundae, and a Mystery Flavor that is a fan-favorite returning from the past [3] - The event will take place on December 28, 2024, at Camping World Stadium in Orlando, and will be broadcast live on ABC [6][8] Company and Brand Strategy - Kellanova, the parent company of Pop-Tarts, aims to leverage the popularity of the Edible Mascot campaign, which previously gained significant attention and accolades, including the Cannes Lions Grand Prix [5][8] - The company is committed to creating engaging and shareable moments for fans, indicating a focus on brand activation and consumer engagement [5] - Limited-edition Pop-Tarts Printed Fun Mascot Packs are being sold to commemorate the event, showcasing the brand's strategy to capitalize on nostalgia and fan engagement [5] Market Position and Performance - Kellanova reported net sales of $13 billion for 2023, indicating a strong market presence in the snacking and food industry [9] - The Pop-Tarts Bowl has become a significant cultural event, with the first edition generating substantial online engagement and becoming a meme sensation [5][8] - Florida Citrus Sports, the event management organization, collaborates with Kellanova to enhance the quality of life in Central Florida through events like the Pop-Tarts Bowl [11]
Touchdown! Cheez-It® increases donation to $300,000 for the College Football Playoff Foundation's Extra Yard for Teachers initiative
Prnewswire· 2024-11-14 15:27
Core Insights - Kellanova's Cheez-It brand is continuing its partnership with the College Football Playoff (CFP) Foundation's Extra Yard for Teachers initiative, donating $300,000 to support educators, marking a $50,000 increase from the previous year [1][2] - The initiative aims to recognize and empower teachers, with a goal of creating better days for 4 billion people by 2030 through Kellanova's Better Days™ Promise [2][7] - During the 2023 college football season, Cheez-It’s previous donation of $250,000 funded 444 projects for 343 teachers across 175 schools, particularly benefiting underfunded schools [3][4] Company Overview - Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods, with net sales of $13 billion in 2023 [6] - The company aims to become the world's best-performing snacks-led powerhouse, leveraging its diverse brand portfolio [6] Partnership Impact - The partnership with the CFP Foundation focuses on supporting PK-12 education by elevating the teaching profession through recognition, resources, recruitment, retention, and professional development [8] - Cheez-It plans to engage college football student-athletes to honor educators and highlight their contributions [4]
Like wine, perfect Kellanova cracker pairings bring spark to holiday parties
Prnewswire· 2024-11-12 14:05
Core Insights - The article emphasizes the importance of crackers as a central element in holiday gatherings, highlighting their potential to enhance the appetizer experience when paired correctly with cheeses and meats [3][4][10] Company Overview - Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods, with a legacy of over 100 years [11] - The company reported net sales of $13 billion for 2023 [11] Product Pairing Recommendations - Chef Becca Kapela suggests pairing toasted and buttery crackers with bold cheeses like cheddar and meats such as peppered salami for a familiar approach [4] - For a more elevated experience, flavored crackers can be paired with gourmet items like crème fraîche and smoked trout [5][6] - Specific combinations include Toasteds Flatbread Sea Salt & Olive Oil crackers with burrata cheese, enhancing the flavor profile with truffle-infused condiments [7] - Club Sweet Hawaiian crackers can be paired with cheddar cheese, pork belly, and sage honey for a unique taste experience [9]