WK Kellogg Co (NYSE:KLG) Given Average Rating of "Strong Sell" by Brokerages

Shares of WK Kellogg Co (NYSE:KLG - Get Free Report) have received a consensus recommendation of "Strong Sell" from the seven analysts that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.57.

A number of equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of WK Kellogg from $16.00 to $19.00 and gave the company an "underweight" rating in a research note on Monday, November 11th. TD Cowen downgraded WK Kellogg from a "hold" rating to a "sell" rating and lowered their target price for the company from $18.00 to $16.00 in a research note on Wednesday.

Insider Transactions at WK Kellogg

In other news, Director G Zachary Gund acquired 65,000 shares of WK Kellogg stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of $17.76 per share, for a total transaction of $1,154,400.00. Following the completion of the purchase, the director now owns 195,000 shares of the company's stock, valued at $3,463,200. This represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake 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 worth $32,000 after purchasing an additional 888 shares during the period. Abich Financial Wealth Management LLC increased its position in WK Kellogg by 3,575.4% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,484 shares of the company's stock worth $77,000 after buying an additional 4,362 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of WK Kellogg by 1,724.1% during the third quarter. International Assets Investment Management LLC now owns 4,688 shares of the company's stock worth $80,000 after buying an additional 4,431 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of WK Kellogg in the third quarter valued at approximately $99,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of WK Kellogg by 65.1% in the third quarter. Nisa Investment Advisors LLC now owns 8,802 shares of the company's stock worth $151,000 after acquiring an additional 3,471 shares during the last quarter. Institutional investors own 95.74% of the company's stock.

WK Kellogg Stock Down 4.5 %

NYSE:KLG traded down $0.73 during trading hours on Friday, hitting $15.59. 1,659,394 shares of the company's stock traded hands, compared to its average volume of 1,161,232. The stock's fifty day moving average price is $18.70 and its two-hundred day moving average price is $17.70. The firm has a market cap of $1.34 billion, a P/E ratio of 19.99 and a beta of 0.72. 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 has a twelve month low of $12.32 and a twelve month high of $24.63.

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, beating analysts' consensus estimates of $0.26 by $0.05. The company had revenue of $689.00 million for the quarter, compared to the consensus estimate of $674.10 million. WK Kellogg had a return on equity of 33.41% and a net margin of 2.50%. The firm's quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, research analysts expect that WK Kellogg will post 1.49 earnings per share for the current fiscal year.

WK Kellogg Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.64 annualized dividend and a yield of 4.11%. WK Kellogg's dividend payout ratio (DPR) is currently 82.05%.

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.