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: $17.86 to $18.55
• 50-Day Range: $15.61 to $18.55
• 52-Week Range: $9.65 to $24.63
• Volume: 650,028 shs
• Average Volume: 1.10 million shs
• Market Capitalization: $1.54 billion
• P/E Ratio: 11.86
• Dividend Yield: 3.57%
• Price Target: $17.40
• Consensus Rating: Reduce

WK Kellogg Stock Analysis - MarketRank™

WK Kellogg scored higher than 14% of companies evaluated by MarketBeat, and ranked 127th out of 133 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 1.60, and is based on no buy ratings, 6 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

WK Kellogg has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for WK Kellogg are expected to remain at $1.50 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of WK Kellogg is 11.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of WK Kellogg is 11.86, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 21.88.

Price to Book Value per Share Ratio

WK Kellogg has a P/B Ratio of 5.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.08% 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 9.3.

Change versus previous month

Short interest in WK Kellogg has recently increased by 16.72%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

WK Kellogg pays a meaningful dividend of 3.45%, 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 42.38%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, WK Kellogg will have a dividend payout ratio of 42.67% 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

16.08% 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 9.3.

Change versus previous month

Short interest in WK Kellogg has recently increased by 16.72%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.87

News Sentiment

WK Kellogg has a news sentiment score of 0.87. 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 0.70 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for WK Kellogg this week, compared to 4 articles on an average week.

Search Interest

Only 5 people have searched for KLG on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added WK Kellogg to their MarketBeat watchlist in the last 30 days. This is a decrease of -78% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, WK Kellogg insiders have not sold or bought any 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 stock has increased by 36.3% and is now trading at $17.9050.
View the best growth stocks for 2024 here.

How were WK Kellogg's earnings last quarter?

WK Kellogg Co (NYSE:KLG) issued its earnings results on Tuesday, August, 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.42 by $0.06. The firm's revenue was down 4.0% on a year-over-year basis.

Who are WK Kellogg's major shareholders?

WK Kellogg's top institutional shareholders include American Century Companies Inc. (2.64%), AQR Capital Management LLC (1.63%), Massachusetts Financial Services Co. MA (1.63%) and Bank of New York Mellon Corp (1.05%). Insiders that own company stock include 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.

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/13 Dividend: 8/29/2024
• Dividend Payable: 9/13/2024
• Today: 9/16/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

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: $17.40
• High Stock Price Target: $24.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -2.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.60
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.51
• Trailing P/E Ratio: 11.86
• Forward P/E Ratio: 11.94
• P/E Growth: N/A
• Net Income: $110 million
• Net Margins: 4.45%
• Pretax Margin: 6.06%
• Return on Equity: 42.12%
• Return on Assets: 6.42%

Debt

• Debt-to-Equity Ratio: 1.42
• Current Ratio: 0.83
• Quick Ratio: 0.36

Sales & Book Value

• Annual Sales: $2.72 billion
• Price / Sales: 0.56
• Cash Flow: $2.01 per share
• Price / Cash Flow: 8.93
• Book Value: $3.50 per share
• Price / Book: 5.12

Miscellaneous

• Outstanding Shares: 85,878,000
• Free Float: 85,105,000
• Market Cap: $1.54 billion
• Optionable: Not Optionable
• Beta: N/A