1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS purchased a new stake in WK Kellogg Co ( NYSE:KLG – Free Report ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,600 shares of the company’s stock, valued at approximately $227,000. Other hedge funds and other institutional investors have also made changes to their positions in the company.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in WK Kellogg by 6.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 305,058 shares of the company’s stock worth $5,220,000 after acquiring an additional 18,016 shares during the last quarter.
HighTower Advisors LLC acquired a new stake in WK Kellogg in the third quarter worth $254,000. Stifel Financial Corp boosted its position in shares of WK Kellogg by 107.3% during the third quarter.
Stifel Financial Corp now owns 28,409 shares of the company’s stock worth $486,000 after purchasing an additional 14,705 shares in the last quarter. Barclays PLC grew its holdings in shares of WK Kellogg by 406.6% in the 3rd quarter.
Barclays PLC now owns 128,710 shares of the company’s stock valued at $2,202,000 after buying an additional 103,301 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of WK Kellogg by 2.7% in the 3rd quarter.
Geode Capital Management LLC now owns 1,507,713 shares of the company’s stock valued at $25,802,000 after buying an additional 38,939 shares in the last quarter. 95.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In Several research analysts have weighed in on the company. Morgan Stanley started coverage on WK Kellogg in a report on Monday, March 24th. They set an “underweight” rating and a $18.
00 target price on the stock. Barclays decreased their price objective on WK Kellogg from $19.00 to $16.
00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus dropped their target price on shares of WK Kellogg from $19.00 to $18.
00 and set a “hold” rating on the stock in a report on Friday, January 24th. TD Cowen lowered shares of 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. Finally, Jefferies Financial Group lowered their price objective on shares of WK Kellogg from $19.00 to $16.
00 and set a “hold” rating for the company in a research report on Tuesday, January 28th. Five analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.
com, WK Kellogg presently has a consensus rating of “Reduce” and a consensus price target of $17.89. WK Kellogg Stock Performance Shares of KLG stock opened at $18.
52 on Tuesday. WK Kellogg Co has a 12 month low of $15.17 and a 12 month high of $24.
63. The company’s fifty day simple moving average is $18.89 and its 200-day simple moving average is $18.
28. The firm has a market cap of $1.60 billion, a PE ratio of 22.
86, a P/E/G ratio of 2.01 and a beta of 0.39.
The company has a quick ratio of 0.32, a current ratio of 0.74 and a debt-to-equity ratio of 1.
45. WK Kellogg ( NYSE:KLG – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.
42 EPS for the quarter, topping the consensus estimate of $0.28 by $0.14.
WK Kellogg had a net margin of 2.66% and a return on equity of 39.81%.
Equities research analysts expect that WK Kellogg Co will post 1.57 EPS for the current fiscal year. WK Kellogg Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Shareholders of record on Friday, February 28th were paid a $0.165 dividend. This represents a $0.
66 dividend on an annualized basis and a yield of 3.56%. This is an increase from WK Kellogg’s previous quarterly dividend of $0.
16. The ex-dividend date was Friday, February 28th. WK Kellogg’s dividend payout ratio (DPR) is currently 81.
48%. 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. Featured Stories Five stocks we like better than WK Kellogg Why Understanding Call Option Volume is Essential to Successful Options Trading Options Activity Points to More Volatility for Palantir Stock Should You Add These Warren Buffett Stocks to Your Portfolio? NVIDIA Stock: Oversold, Undervalued — How Low Can It Go? How to invest in marijuana stocks in 7 steps MicroStrategy Sees Insider Buy-Sell Action in Q1 Want to see what other hedge funds are holding KLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WK Kellogg Co ( NYSE:KLG – Free Report ).
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