WK Kellogg Co (NYSE:KLG) Receives $17.88 Consensus PT from Analysts

WK Kellogg Co (NYSE:KLG - Get Free Report) has received a consensus rating of "Reduce" from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $17.88.

KLG has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on WK Kellogg from $19.00 to $18.00 and set a "hold" rating for the company in a report on Friday, January 24th. TD Cowen downgraded WK Kellogg from a "hold" rating to a "sell" rating and cut their price target for the company from $18.00 to $16.00 in a research note on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of WK Kellogg from $19.00 to $16.00 and set a "hold" rating on the stock in a research note on Tuesday, January 28th. Finally, Barclays cut their target price on shares of WK Kellogg from $19.00 to $16.00 and set an "underweight" rating for the company in a research report on Friday, January 17th.

Insider Activity at WK Kellogg

In other WK Kellogg news, Director G Zachary Gund purchased 65,000 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of $17.94 per share, with a total value of $1,166,100.00. Following the completion of the acquisition, the director now directly 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 SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of WK Kellogg

Several institutional investors have recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC purchased a new stake in WK Kellogg during the 4th quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in shares of WK Kellogg by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,890 shares of the company's stock worth $32,000 after acquiring an additional 888 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in WK Kellogg during the fourth quarter valued at $36,000. Wealthfront Advisers LLC bought a new stake in WK Kellogg in the 4th quarter valued at $44,000. Finally, Spire Wealth Management purchased a new stake in WK Kellogg in the 4th quarter worth $56,000. Hedge funds and other institutional investors own 95.74% of the company's stock.

WK Kellogg Stock Performance

Shares of NYSE KLG traded up $0.19 during trading on Tuesday, reaching $16.47. 1,033,000 shares of the company traded hands, compared to its average volume of 995,951. 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 firm has a 50 day simple moving average of $17.96 and a 200-day simple moving average of $17.69. WK Kellogg has a 52-week low of $12.32 and a 52-week high of $24.63. The stock has a market capitalization of $1.42 billion, a PE ratio of 21.12 and a beta of 0.71.

WK Kellogg (NYSE:KLG - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.31 EPS 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 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 firm's revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. Equities research analysts anticipate that WK Kellogg will post 1.48 earnings per share for the current year.

WK Kellogg Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.165 dividend. The ex-dividend date is Friday, February 28th. This is a boost from WK Kellogg's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.01%. WK Kellogg's dividend payout ratio is 82.05%.

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.