WK Kellogg (NYSE:KLG) PT Raised to $20.00

WK Kellogg (NYSE:KLG) had its price objective increased by Stifel Nicolaus from $13.00 to $20.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a hold rating on the stock.

Separately, Barclays increased their price objective on WK Kellogg from $12.00 to $15.00 and gave the stock an underweight rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $13.45.

WK Kellogg Stock Down 1.6 %

Shares of NYSE KLG opened at $23.94 on Friday. The business has a fifty day simple moving average of $18.17 and a 200 day simple moving average of $14.22. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.43 and a current ratio of 0.84. WK Kellogg has a one year low of $9.65 and a one year high of $24.63.

WK Kellogg (NYSE:KLG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $651.00 million during the quarter, compared to analysts’ expectations of $645.87 million. WK Kellogg’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts expect that WK Kellogg will post 1.51 earnings per share for the current fiscal year.

WK Kellogg Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.67%.

Institutional Trading of WK Kellogg

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inlet Private Wealth LLC boosted its holdings in WK Kellogg by 2.2% in the first quarter. Inlet Private Wealth LLC now owns 314,040 shares of the company’s stock valued at $5,904,000 after acquiring an additional 6,700 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in WK Kellogg in the first quarter valued at about $159,000. Newbridge Financial Services Group Inc. bought a new position in WK Kellogg in the first quarter valued at about $103,000. Westhampton Capital LLC boosted its holdings in WK Kellogg by 2.5% in the first quarter. Westhampton Capital LLC now owns 83,494 shares of the company’s stock valued at $1,570,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC boosted its holdings in WK Kellogg by 15.2% in the first quarter. Alpha Omega Wealth Management LLC now owns 13,080 shares of the company’s stock valued at $246,000 after acquiring an additional 1,725 shares during the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.

WK Kellogg Company Profile

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023.