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

WK Kellogg Co (NYSE:KLG) has received an average recommendation of “Strong Sell” from the seven brokerages that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $18.57.

Several equities analysts have commented on the stock. Barclays boosted their price target on shares of WK Kellogg from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th. TD Cowen downgraded shares of WK Kellogg from a “hold” rating to a “sell” rating and dropped their price target for the stock from $18.00 to $16.00 in a research note on Wednesday, January 8th.

Insider Activity at WK Kellogg

In related news, Director G Zachary Gund purchased 65,000 shares of WK Kellogg stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $17.76 per share, with a total value of $1,154,400.00. Following the completion of the transaction, the director now directly owns 195,000 shares in the company, valued at approximately $3,463,200. The trade was a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WK Kellogg

A number of institutional investors and hedge funds have recently bought and sold shares of KLG. GAMMA Investing LLC lifted its position in WK Kellogg by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,890 shares of the company’s stock valued at $32,000 after acquiring an additional 888 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in WK Kellogg by 3,575.4% in the third quarter. Abich Financial Wealth Management LLC now owns 4,484 shares of the company’s stock valued at $77,000 after acquiring an additional 4,362 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of WK Kellogg by 1,724.1% in the third quarter. International Assets Investment Management LLC now owns 4,688 shares of the company’s stock valued at $80,000 after buying an additional 4,431 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of WK Kellogg in the third quarter valued at about $99,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of WK Kellogg by 65.1% in the third quarter. Nisa Investment Advisors LLC now owns 8,802 shares of the company’s stock valued at $151,000 after buying an additional 3,471 shares during the last quarter. 95.74% of the stock is owned by hedge funds and other institutional investors.

WK Kellogg Stock Down 0.7 %

WK Kellogg stock opened at $15.80 on Friday. The firm has a 50 day moving average price of $18.54 and a 200 day moving average price of $17.66. The company has a market capitalization of $1.36 billion, a PE ratio of 20.26 and a beta of 0.72. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.34 and a current ratio of 0.78. WK Kellogg has a fifty-two week low of $12.32 and a fifty-two week high of $24.63.

WK Kellogg (NYSE:KLG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The business had revenue of $689.00 million during the quarter, compared to the consensus estimate of $674.10 million. WK Kellogg had a net margin of 2.50% and a return on equity of 33.41%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Research analysts expect that WK Kellogg will post 1.49 earnings per share for the current year.

WK Kellogg Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $0.16 per share. The ex-dividend date was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 4.05%. WK Kellogg’s dividend payout ratio (DPR) is currently 82.05%.

About WK Kellogg

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.