2 weeks Ago By ABMN Staff
American Century Companies Inc. increased its holdings in WK Kellogg Co ( NYSE:KLG – Free Report ) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 1,516,717 shares of the company’s stock after purchasing an additional 126,793 shares during the quarter. American Century Companies Inc. owned 1.
76% of WK Kellogg worth $27,286,000 at the end of the most recent quarter. Several other institutional investors also recently modified their holdings of KLG. Halbert Hargrove Global Advisors LLC acquired a new position in shares of WK Kellogg in the fourth quarter worth about $25,000.
SBI Securities Co. Ltd. acquired a new stake in WK Kellogg during the 4th quarter worth about $36,000.
Wealthfront Advisers LLC purchased a new stake in shares of WK Kellogg in the fourth quarter worth approximately $44,000. GAMMA Investing LLC grew its position in WK Kellogg by 49.4% during the fourth quarter.
GAMMA Investing LLC now owns 2,823 shares of the company’s stock valued at $51,000 after purchasing an additional 933 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of WK Kellogg during the 4th quarter valued at $56,000. Institutional investors own 95.
74% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have recently weighed in on KLG. Morgan Stanley started coverage on shares of WK Kellogg in a research note on Monday, March 24th.
They issued an “underweight” rating and a $18.00 price target on the stock. Barclays dropped their target price on WK Kellogg from $19.
00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group reduced their price target on WK Kellogg from $19.
00 to $16.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus dropped their price objective on WK Kellogg from $19.
00 to $18.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, TD Cowen cut shares of WK Kellogg from a “hold” rating to a “sell” rating and reduced their target price for the company from $18.
00 to $16.00 in a research note on Wednesday, January 8th. Five equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company.
According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $17.89. WK Kellogg Trading Down 0.
5 % Shares of KLG stock opened at $19.53 on Friday. WK Kellogg Co has a 12 month low of $15.
17 and a 12 month high of $24.63. The company has a market cap of $1.
68 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.01 and a beta of 0.
30. The company has a quick ratio of 0.32, a current ratio of 0.
74 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $18.
56 and its two-hundred day moving average is $18.22. WK Kellogg ( NYSE:KLG – Get Free Report ) last posted its earnings results on Tuesday, February 11th.
The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.
14. WK Kellogg had a net margin of 2.66% and a return on equity of 39.
81%. Equities analysts predict that WK Kellogg Co will post 1.57 EPS for the current year.
WK Kellogg Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.165 per share.
This represents a $0.66 annualized dividend and a dividend yield of 3.38%.
The ex-dividend date was Friday, February 28th. This is a boost from WK Kellogg’s previous quarterly dividend of $0.16.
WK Kellogg’s payout ratio is currently 81.48%. About WK Kellogg ( 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 Articles 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.com's FREE daily email newsletter .
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