WK Kellogg Co (NYSE:KLG – Get Free Report) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $12.45.
Several research analysts recently weighed in on the company. Barclays upped their price target on WK Kellogg from $11.00 to $12.00 and gave the company an “underweight” rating in a research report on Thursday, February 15th. Morgan Stanley started coverage on WK Kellogg in a report on Thursday, December 14th. They issued an “equal weight” rating and a $13.00 target price on the stock. Finally, Stifel Nicolaus raised their price target on shares of WK Kellogg from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday, January 25th.
Check Out Our Latest Stock Report on WK Kellogg
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WK Kellogg Price Performance
Shares of KLG opened at $20.81 on Wednesday. The business has a 50-day moving average of $15.72. 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 1-year low of $9.65 and a 1-year high of $21.00.
WK Kellogg (NYSE:KLG – Get Free Report) last released 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% compared to the same quarter last year. On average, equities research analysts anticipate that WK Kellogg will post 1.51 earnings per share for the current year.
WK Kellogg Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a yield of 3.08%.
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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