WK Kellogg Co (NYSE:KLG) Receives Average Rating of “Reduce” from Analysts

WK Kellogg Co (NYSE:KLG) has been given an average rating of “Reduce” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.75.

A number of analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of WK Kellogg from $11.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Barclays raised their target price on shares of WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, April 12th.

WK Kellogg Stock Performance

Shares of NYSE KLG opened at $21.11 on Wednesday. WK Kellogg has a 12-month low of $9.65 and a 12-month high of $22.08. The stock’s fifty day simple moving average is $16.68 and its two-hundred day simple moving average is $13.56. The company has a quick ratio of 0.43, a current ratio of 0.84 and a debt-to-equity ratio of 1.62.

WK Kellogg (NYSE:KLG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The company had revenue of $651.00 million during the quarter, compared to the consensus estimate of $645.87 million. The business’s quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts expect that WK Kellogg will post 1.51 EPS for the current year.

WK Kellogg Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.03%. The ex-dividend date was Thursday, February 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lincoln Capital Corp purchased a new stake in WK Kellogg in the fourth quarter valued at approximately $1,026,000. Nordea Investment Management AB acquired a new stake in WK Kellogg during the 4th quarter valued at approximately $2,119,000. Inlet Private Wealth LLC purchased a new stake in shares of WK Kellogg in the 4th quarter valued at $4,038,000. Oak Thistle LLC acquired a new stake in shares of WK Kellogg in the fourth quarter worth $1,721,000. Finally, London & Capital Asset Management Ltd purchased a new position in shares of WK Kellogg during the fourth quarter worth $10,363,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.

WK Kellogg Company Profile

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.