Cwm LLC Invests $48,000 in WK Kellogg Co (NYSE:KLG)

Cwm LLC bought a new stake in WK Kellogg Co (NYSE:KLG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,655 shares of the company’s stock, valued at approximately $48,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLG. Eukles Asset Management acquired a new position in shares of WK Kellogg in the 4th quarter worth approximately $25,000. Canal Insurance CO acquired a new position in WK Kellogg in the fourth quarter valued at $26,000. Toth Financial Advisory Corp bought a new stake in WK Kellogg during the fourth quarter valued at $26,000. S.A. Mason LLC acquired a new stake in WK Kellogg during the 4th quarter worth about $30,000. Finally, Fifth Third Bancorp bought a new position in shares of WK Kellogg in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

WK Kellogg Trading Up 1.0 %

KLG stock opened at $22.20 on Friday. WK Kellogg Co has a 52-week low of $9.65 and a 52-week high of $24.63. The business has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $14.99. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62.

WK Kellogg (NYSE:KLG) last announced its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $697.83 million. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts forecast that WK Kellogg Co will post 1.51 EPS for the current year.

WK Kellogg Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.88%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus raised their target price on WK Kellogg from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday. Barclays lifted their price objective on shares of WK Kellogg from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday. BNP Paribas lowered shares of WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a research note on Wednesday. Evercore ISI lifted their price target on shares of WK Kellogg from $21.00 to $23.00 and gave the company an “in-line” rating in a research note on Wednesday. Finally, TD Cowen increased their price target on WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.95.

About WK Kellogg

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.