WK Kellogg (NYSE:KLG – Free Report) had its price objective hoisted by Stifel Nicolaus from $13.00 to $20.00 in a research report released on Friday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.
Separately, Barclays lifted their price target on shares of WK Kellogg from $12.00 to $15.00 and gave the company an underweight rating in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $13.45.
View Our Latest Stock Report on WK Kellogg
WK Kellogg Stock Down 1.7 %
WK Kellogg (NYSE:KLG – Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $651.00 million for the quarter, compared to the consensus estimate of $645.87 million. WK Kellogg’s quarterly revenue was down 2.7% on a year-over-year basis. Research analysts expect that WK Kellogg will post 1.51 earnings per share for the current fiscal year.
WK Kellogg Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, February 29th.
Institutional Trading of WK Kellogg
Institutional investors have recently added to or reduced their stakes in the business. Kellogg W K Foundation Trust acquired a new position in shares of WK Kellogg during the fourth quarter worth about $177,458,000. Massachusetts Financial Services Co. MA acquired a new position in WK Kellogg during the 4th quarter worth approximately $18,412,000. Beutel Goodman & Co Ltd. purchased a new position in WK Kellogg in the 4th quarter worth approximately $13,730,000. London & Capital Asset Management Ltd acquired a new stake in WK Kellogg in the fourth quarter valued at approximately $10,363,000. Finally, Private Management Group Inc. purchased a new stake in shares of WK Kellogg during the fourth quarter valued at approximately $8,956,000. 95.74% of the stock is owned by hedge funds and other institutional investors.
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.
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