GSA Capital Partners LLP Takes Position in WK Kellogg Co (NYSE:KLG)

GSA Capital Partners LLP acquired a new stake in shares of WK Kellogg Co (NYSE:KLG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,213 shares of the company's stock, valued at approximately $602,000.

A number of other large investors have also recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new position in shares of WK Kellogg in the 1st quarter valued at $241,000. Sei Investments Co. grew its stake in WK Kellogg by 24.1% during the first quarter. Sei Investments Co. now owns 54,901 shares of the company's stock worth $1,032,000 after purchasing an additional 10,672 shares during the period. EntryPoint Capital LLC acquired a new position in WK Kellogg in the first quarter valued at approximately $42,000. Rodgers Brothers Inc. grew its position in shares of WK Kellogg by 2,253.3% during the 1st quarter. Rodgers Brothers Inc. now owns 623,468 shares of the company's stock worth $11,721,000 after buying an additional 596,975 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in shares of WK Kellogg by 5.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 470,064 shares of the company's stock valued at $8,837,000 after acquiring an additional 25,220 shares during the period. Institutional investors and hedge funds own 95.74% of the company's stock.

Insider Buying and Selling

In other WK Kellogg news, Director G Zachary Gund purchased 65,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $17.76 per share, with a total value of $1,154,400.00. Following the acquisition, the director now owns 195,000 shares in the company, valued at approximately $3,463,200. This trade represents a 50.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on WK Kellogg from $22.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Stifel Nicolaus cut their price objective on shares of WK Kellogg from $22.00 to $18.00 and set a "hold" rating on the stock in a report on Tuesday, July 23rd. Finally, Barclays upped their target price on WK Kellogg from $16.00 to $19.00 and gave the company an "underweight" rating in a report on Monday, November 11th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, WK Kellogg has an average rating of "Hold" and a consensus target price of $18.88.

WK Kellogg Trading Up 0.6 %

Shares of KLG stock traded up $0.11 on Tuesday, hitting $17.20. 804,004 shares of the company's stock traded hands, compared to its average volume of 1,040,223. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.34 and a current ratio of 0.78. WK Kellogg Co has a one year low of $10.99 and a one year high of $24.63. The stock has a market capitalization of $1.48 billion and a price-to-earnings ratio of 21.87. The company's fifty day simple moving average is $17.50 and its 200 day simple moving average is $17.84.

WK Kellogg (NYSE:KLG - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The business had revenue of $689.00 million during the quarter, compared to analyst estimates of $674.10 million. WK Kellogg had a return on equity of 33.41% and a net margin of 2.50%. WK Kellogg's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. Equities analysts forecast that WK Kellogg Co will post 1.49 EPS for the current year.

WK Kellogg Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, November 29th. WK Kellogg's payout ratio is 82.05%.

WK Kellogg 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.