Landscape Capital Management L.L.C. bought 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 SEC. The firm bought 88,074 shares of the company's stock, valued at approximately $1,507,000. Landscape Capital Management L.L.C. owned approximately 0.10% of WK Kellogg at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KLG. GAMMA Investing LLC grew its position in shares of WK Kellogg by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,890 shares of the company's stock valued at $32,000 after purchasing an additional 888 shares during the period. EntryPoint Capital LLC acquired a new position in WK Kellogg in the first quarter valued at $42,000. Rothschild Investment LLC purchased a new stake in WK Kellogg during the second quarter valued at about $46,000. Abich Financial Wealth Management LLC increased its stake in WK Kellogg by 3,575.4% during the third quarter. Abich Financial Wealth Management LLC now owns 4,484 shares of the company's stock worth $77,000 after acquiring an additional 4,362 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of WK Kellogg by 1,724.1% during the 3rd quarter. International Assets Investment Management LLC now owns 4,688 shares of the company's stock worth $80,000 after purchasing an additional 4,431 shares during the period. Institutional investors and hedge funds own 95.74% of the company's stock.
WK Kellogg Stock Performance
Shares of NYSE:KLG traded up $0.87 during trading on Friday, hitting $18.87. 980,118 shares of the company traded hands, compared to its average volume of 1,041,041. The company has a quick ratio of 0.34, a current ratio of 0.78 and a debt-to-equity ratio of 1.49. The business's fifty day moving average is $17.45 and its 200-day moving average is $17.79. The stock has a market capitalization of $1.63 billion and a price-to-earnings ratio of 22.99. WK Kellogg Co has a one year low of $10.99 and a one year high of $24.63.
WK Kellogg (NYSE:KLG - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. The company had revenue of $689.00 million during the quarter, compared to the consensus estimate of $674.10 million. WK Kellogg had a net margin of 2.50% and a return on equity of 33.41%. The company's revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts predict that WK Kellogg Co will post 1.49 earnings per share for the current fiscal year.
WK Kellogg Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.39%. The ex-dividend date is Friday, November 29th. WK Kellogg's dividend payout ratio is currently 82.05%.
Insider Buying and Selling at WK Kellogg
In other WK Kellogg news, Director G Zachary Gund purchased 65,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of $17.94 per share, for a total transaction of $1,166,100.00. Following the completion of the transaction, the director now owns 65,000 shares in the company, valued at $1,166,100. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
KLG has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on WK Kellogg from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Barclays lifted their price target on WK Kellogg from $16.00 to $19.00 and gave the stock an "underweight" rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, WK Kellogg presently has a consensus rating of "Hold" and a consensus price target of $18.88.
Check Out Our Latest Stock Report on KLG
WK Kellogg Profile
(
Free Report)
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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