Hotchkis & Wiley Capital Management LLC Has $9.28 Million Holdings in WK Kellogg Co (NYSE:KLG)

Hotchkis & Wiley Capital Management LLC lifted its position in WK Kellogg Co (NYSE:KLG - Free Report) by 72.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 542,570 shares of the company's stock after acquiring an additional 227,730 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.63% of WK Kellogg worth $9,283,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Alpha Omega Wealth Management LLC grew its position in WK Kellogg by 4.9% during the 3rd quarter. Alpha Omega Wealth Management LLC now owns 12,880 shares of the company's stock worth $220,000 after purchasing an additional 600 shares in the last quarter. GAMMA Investing LLC lifted its stake in WK Kellogg by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,890 shares of the company's stock worth $32,000 after acquiring an additional 888 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in WK Kellogg by 15.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,638 shares of the company's stock worth $276,000 after acquiring an additional 2,009 shares during the period. Rothschild Investment LLC purchased a new position in WK Kellogg during the 2nd quarter valued at about $46,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of WK Kellogg by 65.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,802 shares of the company's stock valued at $151,000 after purchasing an additional 3,471 shares during the period. Institutional investors and hedge funds own 95.74% of the company's stock.

WK Kellogg Stock Up 0.8 %

Shares of KLG stock traded up $0.16 on Thursday, hitting $20.74. The company's stock had a trading volume of 808,367 shares, compared to its average volume of 1,049,379. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.78 and a quick ratio of 0.34. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 26.58 and a beta of 0.07. WK Kellogg Co has a fifty-two week low of $11.35 and a fifty-two week high of $24.63. The firm's fifty day moving average price is $18.01 and its 200-day moving average price is $17.70.

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

WK Kellogg Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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 dividend yield of 3.09%. The ex-dividend date is Friday, November 29th. WK Kellogg's dividend payout ratio is 82.05%.

Analyst Upgrades and Downgrades

Several analysts recently commented on KLG shares. JPMorgan Chase & Co. decreased their price target on shares of WK Kellogg from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Barclays boosted their price target on shares of WK Kellogg from $16.00 to $19.00 and gave the company an "underweight" rating in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, WK Kellogg has an average rating of "Hold" and a consensus price target of $18.88.

Insider Transactions at WK Kellogg

In other WK Kellogg news, Director G Zachary Gund purchased 65,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 195,000 shares in the company, valued at $3,463,200. This trade represents a 50.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by corporate insiders.

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.