WK Kellogg (KLG) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2022 and is headquartered in Battle Creek, Michigan.

Key Stats

• Today's Range: $20.77 to $21.27
• 50-Day Range: $16.46 to $21.56
• 52-Week Range: $11.22 to $24.63
• Volume: 276,740 shs
• Average Volume: 1.05 million shs
• Market Capitalization: $1.81 billion
• P/E Ratio: 26.99
• Dividend Yield: 3.04%
• Price Target: $18.88
• Consensus Rating: Reduce

WK Kellogg Stock Analysis - MarketRank™

WK Kellogg scored higher than 22% of companies evaluated by MarketBeat, and ranked 131st out of 144 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

WK Kellogg has received a consensus rating of Reduce. The company's average rating score is 1.63, and is based on no buy ratings, 5 hold ratings, and 3 sell ratings.

Amount of Analyst Coverage

WK Kellogg has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -2.01%

Earnings Growth

Earnings for WK Kellogg are expected to decrease by -2.01% in the coming year, from $1.49 to $1.46 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of WK Kellogg is 26.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of WK Kellogg is 26.99, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.78.

Price to Book Value per Share Ratio

WK Kellogg has a P/B Ratio of 6.01. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.88% of the float of WK Kellogg has been sold short.

Short Interest Ratio / Days to Cover

WK Kellogg has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.

Change versus previous month

Short interest in WK Kellogg has recently increased by 4.98%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

WK Kellogg pays a meaningful dividend of 3.08%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

WK Kellogg does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of WK Kellogg is 82.05%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, WK Kellogg will have a dividend payout ratio of 43.84% next year. This indicates that WK Kellogg will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.88% of the float of WK Kellogg has been sold short.

Short Interest Ratio / Days to Cover

WK Kellogg has a short interest ratio ("days to cover") of 11.5, which indicates bearish sentiment.

Change versus previous month

Short interest in WK Kellogg has recently increased by 4.98%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.15

News Sentiment

WK Kellogg has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.90 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for WK Kellogg this week, compared to 4 articles on an average week.

Search Interest

8 people have searched for KLG on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.

MarketBeat Follows

5 people have added WK Kellogg to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, WK Kellogg insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,320,500.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.90% of the stock of WK Kellogg is held by insiders.

Percentage Held by Institutions

95.74% of the stock of WK Kellogg is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KLG Stock Analysis - Frequently Asked Questions

How have KLG shares performed this year?

WK Kellogg's stock was trading at $13.14 at the beginning of the year. Since then, KLG shares have increased by 60.2% and is now trading at $21.05.
View the best growth stocks for 2024 here.

How were WK Kellogg's earnings last quarter?

WK Kellogg Co (NYSE:KLG) released its earnings results on Thursday, November, 7th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.05. The company's revenue for the quarter was down .4% compared to the same quarter last year.

Who are WK Kellogg's major shareholders?

WK Kellogg's top institutional shareholders include State Street Corp (2.90%), Captrust Financial Advisors (1.76%), Geode Capital Management LLC (1.75%) and Jacobs Levy Equity Management Inc. (1.31%). Insiders that own company stock include G Zachary Gund, David Mckinstray, Doug Vandevelde, Ramon Murguia and Sherry Brice.
View institutional ownership trends.

How do I buy shares of WK Kellogg?

Shares of KLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of WK Kellogg own?

Based on aggregate information from My MarketBeat watchlists, some other companies that WK Kellogg investors own include Chevron (CVX), Comcast (CMCSA), Bristol-Myers Squibb (BMY), Charles Schwab (SCHW), McKesson (MCK), Yum! Brands (YUM) and Edwards Lifesciences (EW).

Company Calendar

• Ex-Dividend for 9/13 Dividend: 8/29/2024
• Dividend Payable: 9/13/2024
• Last Earnings: 11/07/2024
• Ex-Dividend for 12/13 Dividend: 11/29/2024
• Today: 12/03/2024
• Dividend Payable: 12/13/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Grain mill products
• Sub-Industry: Food Products
• Current Symbol: NYSE:KLG
• CUSIP: N/A
• CIK: 1959348
• Web: www.unleashingourpotential.com
• Phone: 269-961-2800
• Fax: N/A
• Employees: 3,150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.88
• High Stock Price Target: $24.00
• Low Stock Price Target: $13.00
• Potential Upside/Downside: -11.7%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.78
• Trailing P/E Ratio: 27.39
• Forward P/E Ratio: 14.34
• P/E Growth: N/A
• Net Income: $110 million
• Net Margins: 2.50%
• Pretax Margin: 3.49%
• Return on Equity: 33.41%
• Return on Assets: 5.60%

Debt

• Debt-to-Equity Ratio: 1.49
• Current Ratio: 0.78
• Quick Ratio: 0.34

Sales & Book Value

• Annual Sales: $2.76 billion
• Price / Sales: 0.67
• Cash Flow: $2.11 per share
• Price / Cash Flow: 10.12
• Book Value: $3.50 per share
• Price / Book: 6.10

Miscellaneous

• Outstanding Shares: 86,120,000
• Free Float: 85,350,000
• Market Cap: $1.84 billion
• Optionable: Not Optionable
• Beta: 0.05