71,989 Shares in WK Kellogg Co (NYSE:KLG) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System purchased a new position in WK Kellogg Co (NYSE:KLG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 71,989 shares of the company’s stock, valued at approximately $946,000. New York State Teachers Retirement System owned about 0.08% of WK Kellogg at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KLG. Canal Insurance CO bought a new stake in WK Kellogg during the 4th quarter valued at $26,000. S.A. Mason LLC bought a new stake in WK Kellogg during the 4th quarter valued at $30,000. Fifth Third Bancorp bought a new stake in WK Kellogg during the 4th quarter valued at $32,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in WK Kellogg during the 4th quarter valued at $36,000. Finally, International Assets Investment Management LLC bought a new stake in WK Kellogg during the 4th quarter valued at $44,000. Institutional investors own 95.74% of the company’s stock.

WK Kellogg Price Performance

Shares of NYSE KLG opened at $21.76 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.43 and a current ratio of 0.84. The stock’s fifty day simple moving average is $17.05 and its 200 day simple moving average is $13.67. WK Kellogg Co has a 52-week low of $9.65 and a 52-week high of $22.08.

WK Kellogg (NYSE:KLG) last issued its earnings results on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) 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 analyst estimates of $645.87 million. The business’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that WK Kellogg Co will post 1.51 earnings per share for the current year.

WK Kellogg Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.94%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on WK Kellogg from $11.00 to $13.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Barclays boosted their price objective on WK Kellogg from $12.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.75.

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.