WK Kellogg Co (NYSE:KLG – Get Free Report) has been assigned an average recommendation of “Reduce” from the ten brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $13.45.
Several research firms have issued reports on KLG. Stifel Nicolaus increased their price objective on WK Kellogg from $13.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Barclays increased their price target on shares of WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, April 12th.
Check Out Our Latest Research Report on WK Kellogg
Institutional Investors Weigh In On WK Kellogg
WK Kellogg Price Performance
Shares of KLG opened at $23.20 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.84 and a quick ratio of 0.43. WK Kellogg has a 1 year low of $9.65 and a 1 year high of $24.63. The company’s fifty day moving average is $19.05 and its two-hundred day moving average is $14.66.
WK Kellogg (NYSE:KLG – Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $651.00 million for the quarter, compared to analyst estimates of $645.87 million. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts forecast that WK Kellogg will post 1.51 earnings per share for the current fiscal year.
WK Kellogg Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.76%.
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.
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