Shares of WK Kellogg Co (NYSE:KLG – Get Free Report) have earned an average recommendation of “Reduce” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.95.
KLG has been the subject of several research reports. Evercore ISI increased their target price on shares of WK Kellogg from $21.00 to $23.00 and gave the company an “in-line” rating in a research note on Wednesday, May 8th. BNP Paribas cut shares of WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 price target for the company. in a research note on Wednesday, May 8th. Stifel Nicolaus raised their price target on shares of WK Kellogg from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. TD Cowen raised their price target on shares of WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a research note on Wednesday, May 8th. Finally, Barclays raised their price target on shares of WK Kellogg from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 9th.
Get Our Latest Stock Report on KLG
Institutional Trading of WK Kellogg
WK Kellogg Stock Performance
NYSE KLG opened at $16.46 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.53. The firm has a 50-day simple moving average of $20.15 and a 200 day simple moving average of $16.96. WK Kellogg has a twelve month low of $9.65 and a twelve month high of $24.63.
WK Kellogg (NYSE:KLG – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $707.00 million during the quarter, compared to the consensus estimate of $697.83 million. The company’s revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that WK Kellogg will post 1.55 EPS for the current fiscal year.
WK Kellogg Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, May 31st.
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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