Asahi shares mark weekly slide after cyberattack halts production
Kellanova stock reached a new 52-week low, touching $77.69. While the stock has declined slightly over the past year, the $27 billion market cap company maintains strong fundamentals, including a reliable 2.97% dividend yield backed by 55 consecutive years of dividend payments. According to InvestingPro data, the company trades at attractive valuations relative to its growth potential. The decline in stock price suggests that investors may be concerned about the company’s recent performance or market conditions. However, with a low beta of 0.28 indicating relatively stable price movements and analysts seeing potential upside, Kellanova appears positioned to weather current market challenges. For deeper insights into Kellanova’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Kinross Gold Corporation announced the sale of 29,850,984 common shares of Asante Gold Corporation for C$46.3 million. This sale represents approximately 4.2% of Asante’s outstanding shares, reducing Kinross’s holdings to about 5.2% on a non-diluted basis. Additionally, Kinross declared a quarterly dividend of US$0.03 per common share for the second quarter of 2025, with the payment scheduled for early September. Meanwhile, Kellanova’s pending acquisition by Mars has encountered a temporary pause in the European Union’s antitrust review, pending further data submission from the involved parties. Despite this pause, DA Davidson has maintained a Neutral rating on Kellanova stock, noting a recent miss in second-quarter earnings estimates. Kellanova is also progressing in its initiative to remove FD&C colors from its U.S. food products, aiming for full elimination by the end of 2027. The company reports that a significant portion of its North American retail and K-12 foods are already free of these colors.
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