Analyse Kellanova (ex Kelloggs) stock

Confirmed: The consensus price target of 71.06 EUR is plausible as it is practically at the same level as the current price (71.17 EUR) and is therefore clearly within the required ±25% range.

Quantitative: With a P/E ratio of 22.99 Kellanova is neither clearly cheap nor extremely expensive for a defensive, stable-margin branded food company. Compared to typical peer multiples of large consumer staples companies, the valuation appears slightly ambitious, but still justifiable provided cash flows remain stable. The market capitalization of 24.62 billion EUR in relation to the mature business model speaks more for a fair...