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CompareEarnings: Feb 27, 2026

Kellanova

Exchange: NYSESector: Consumer DefensiveIndustry: Packaged Foods

Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods with a legacy stretching back more than 100 years. Powered by differentiated brands including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's Rice Krispies Treats®, RXBAR®, Eggo®, MorningStar Farms®, Special K®, Coco Pops®, and more, Kellanova's vision is to become the world's best-performing snacks-led powerhouse, unleashing the full potential of our differentiated brands and our passionate people. Our net sales for 2023 were $13 billion. At Kellanova, our purpose is to create better days and ensure everyone has a seat at the table through our trusted food brands. We are committed to promoting sustainable and equitable food access by tackling the crossroads of hunger, sustainability, wellbeing, and equity, diversity & inclusion. Our goal is to create Better Days for 4 billion people by the end of 2030 (from a 2015 baseline).

Did you know?

Capital expenditures decreased by 7% from FY23 to FY24.

Current Price

$83.44

GoodMoat Value

$70.21

15.9% overvalued
Profile
Valuation (TTM)
Market Cap$29.01B
P/E22.72
EV$34.97B
P/B7.68
Shares Out347.67M
P/Sales2.29
Revenue$12.67B
EV/EBITDA15.61

Kellanova (K) Company Profile

GoodMoat Analysis

Based on data as of March 26, 2026

Kellanova is a global packaged food giant with a portfolio of iconic brands like Pringles and Cheez-It, selling to consumers and retailers worldwide. Its primary moat is a powerful brand portfolio, but it faces risks from high debt and potential margin pressure. The current valuation appears full relative to the GoodMoat Target of $70.21, suggesting a cautious view.

Read full analysis
Kellanova (formerly Kellogg's) is a global packaged food company that manufactures, markets, and sells snacks and convenience foods. Its core business involves producing well-known brands like Pringles, Cheez-It, Pop-Tarts, and Rice Krispies Treats. Its customers are primarily large retail chains (grocery stores, mass merchandisers) and, ultimately, consumers. Using the GoodMoat framework, the company's primary competitive advantage is its Brand & Culture (Section 1, criterion 6), anchored by a portfolio of iconic, century-old brands with significant consumer awareness. This provides pricing power and shelf space. However, it scores weakly on other moat criteria like Switching Costs (food is not mission-critical), Proprietary Data, or Technology Leadership, making its overall Moat Score likely moderate. Key risks for a value investor, per Section 5 (Red Flags), include its high Debt/Equity ratio of 1.68, which indicates a leveraged balance sheet, and the ever-present Execution Risk in a competitive, low-growth industry. The company's ROE of 33.8% is strong, and its 2.67% dividend yield is attractive, but the P/E of 22.7x and price above the GoodMoat Target of $70.21 suggest the stock is not trading with a margin of safety. A value investor might be interested in the stable cash flows and brand strength but would likely be cautious given the valuation and financial leverage.

K Company Information

Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods with a legacy stretching back more than 100 years. Powered by differentiated brands including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's Rice Krispies Treats®, RXBAR®, Eggo®, MorningStar Farms®, Special K®, Coco Pops®, and more, Kellanova's vision is to become the world's best-performing snacks-led powerhouse, unleashing the full potential of our differentiated brands and our passionate people.

Our net sales for 2023 were $13 billion. At Kellanova, our purpose is to create better days and ensure everyone has a seat at the table through our trusted food brands. We are committed to promoting sustainable and equitable food access by tackling the crossroads of hunger, sustainability, wellbeing, and equity, diversity & inclusion.

Our goal is to create Better Days for 4 billion people by the end of 2030 (from a 2015 baseline).

Sector

Consumer Defensive

Industry

Packaged Foods

Exchange

NYSE

Country

Michigan, USA

K Key Officers

Key officers data coming soon

K Company Profile

Kellanova (K) is a Consumer Defensive company in the Packaged Foods industry, listed on NYSE. Headquartered in Michigan, USA.

Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods with a legacy stretching back more than 100 years. Powered by differentiated brands including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's Rice Krispies Treats®, RXBAR®, Eggo®, MorningStar Farms®, Special K®, Coco Pops®, and more, Kellanova's vision is to become the world's best-performing snacks-led powerhouse, unleashing the full potential of our differentiated brands and our passionate people. Our net sales for 2023 were $13 billion. At Kellanova, our purpose is to create better days and ensure everyone has a seat at the table through our trusted food brands. We are committed to promoting sustainable and equitable food access by tackling the crossroads of hunger, sustainability, wellbeing, and equity, diversity & inclusion. Our goal is to create Better Days for 4 billion people by the end of 2030 (from a 2015 baseline).

Market capitalization: $29.01B. Shares outstanding: 347.7M. Dividend yield: 2.67%.

View the complete company profile for Kellanova on GoodMoat, including key officers, financial metrics, sector classification, and investment analysis tools. Use the profile alongside GoodMoat's DCF calculator, fair value models, and quality score to evaluate whether K is a sound investment opportunity.