1 week Ago By ABMN Staff
KLP Kapitalforvaltning AS acquired a new stake in WK Kellogg Co ( NYSE:KLG – Free Report ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,600 shares of the company’s stock, valued at approximately $227,000. A number of other hedge funds and other institutional investors also recently modified their holdings of the company.
Halbert Hargrove Global Advisors LLC acquired a new stake in WK Kellogg in the 4th quarter valued at about $25,000. SBI Securities Co. Ltd.
acquired a new stake in shares of WK Kellogg in the fourth quarter valued at approximately $36,000. Wealthfront Advisers LLC bought a new position in shares of WK Kellogg during the 4th quarter worth approximately $44,000. GAMMA Investing LLC boosted its stake in shares of WK Kellogg by 49.
4% during the 4th quarter. GAMMA Investing LLC now owns 2,823 shares of the company’s stock worth $51,000 after acquiring an additional 933 shares during the period. Finally, Spire Wealth Management acquired a new position in shares of WK Kellogg during the 4th quarter worth approximately $56,000.
Institutional investors own 95.74% of the company’s stock. Wall Street Analyst Weigh In A number of analysts have recently issued reports on the stock.
Stifel Nicolaus cut their target price on shares of WK Kellogg from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, January 24th.
TD Cowen cut shares of WK Kellogg from a “hold” rating to a “sell” rating and lowered their price target for the company from $18.00 to $16.00 in a report on Wednesday, January 8th.
Jefferies Financial Group reduced their price objective on WK Kellogg from $19.00 to $16.00 and set a “hold” rating for the company in a report on Tuesday, January 28th.
Barclays lowered their target price on WK Kellogg from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th.
Finally, Morgan Stanley began coverage on WK Kellogg in a research note on Monday, March 24th. They issued an “underweight” rating and a $18.00 price target for the company.
Five research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $17.89.
WK Kellogg Trading Down 3.9 % Shares of KLG stock opened at $18.52 on Tuesday.
The stock has a market cap of $1.60 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 2.
01 and a beta of 0.39. WK Kellogg Co has a 1 year low of $15.
17 and a 1 year high of $24.63. The company has a current ratio of 0.
74, a quick ratio of 0.32 and a debt-to-equity ratio of 1.45.
The stock has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $18.28.
WK Kellogg ( NYSE:KLG – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.
28 by $0.14. WK Kellogg had a return on equity of 39.
81% and a net margin of 2.66%. On average, research analysts predict that WK Kellogg Co will post 1.
57 earnings per share for the current fiscal year. WK Kellogg Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.
165 per share. 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 of this dividend was Friday, February 28th. WK Kellogg’s dividend payout ratio is presently 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 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 ). Receive News & Ratings for WK Kellogg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WK Kellogg and related companies with MarketBeat.
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