Brokerages Set WK Kellogg Co (NYSE:KLG) PT at $13.45

WK Kellogg Co (NYSE:KLG) has been assigned an average rating of “Reduce” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $16.95.

A number of research analysts have recently weighed in on KLG shares. Evercore ISI increased their price target on WK Kellogg from $21.00 to $23.00 and gave the company an “in-line” rating in a research note on Wednesday. Barclays increased their target price on WK Kellogg from $15.00 to $19.00 and gave the company an “underweight” rating in a research note on Thursday. Stifel Nicolaus boosted their target price on WK Kellogg from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Wednesday. BNP Paribas downgraded shares of WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Wednesday. Finally, TD Cowen lifted their price objective on shares of WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday.

WK Kellogg Price Performance

WK Kellogg stock opened at $22.20 on Friday. WK Kellogg has a 1 year low of $9.65 and a 1 year high of $24.63. The company’s 50-day moving average is $19.71 and its two-hundred day moving average is $14.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.43 and a current ratio of 0.84.

WK Kellogg (NYSE:KLG) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $707.00 million during the quarter, compared to analyst estimates of $697.83 million. The business’s quarterly revenue was down .7% compared to the same quarter last year. As a group, research analysts expect that WK Kellogg will post 1.51 earnings per share for the current year.

WK Kellogg Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Friday, May 31st.

Institutional Investors Weigh In On WK Kellogg

Several large investors have recently made changes to their positions in KLG. Eukles Asset Management acquired a new position in WK Kellogg in the 4th quarter worth $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of WK Kellogg in the fourth quarter valued at about $26,000. Toth Financial Advisory Corp acquired a new position in shares of WK Kellogg during the fourth quarter worth about $26,000. Canal Insurance CO bought a new position in shares of WK Kellogg during the fourth quarter worth about $26,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in WK Kellogg in the 4th quarter valued at approximately $27,000. 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.