WK Kellogg (NYSE:KLG – Free Report) had its target price boosted by Evercore ISI from $21.00 to $23.00 in a research note published on Wednesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.
Several other research firms have also recently commented on KLG. BNP Paribas cut WK Kellogg from a neutral rating to an underperform rating and set a $20.00 price target for the company. in a report on Wednesday. Barclays increased their target price on WK Kellogg from $12.00 to $15.00 and gave the stock an underweight rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus increased their target price on shares of WK Kellogg from $20.00 to $22.00 and gave the stock a hold rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, WK Kellogg presently has an average rating of Hold and a consensus price target of $16.95.
Get Our Latest Stock Report on KLG
WK Kellogg Stock Up 1.0 %
WK Kellogg (NYSE:KLG – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $707.00 million during the quarter, compared to analysts’ expectations of $697.83 million. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, analysts anticipate that WK Kellogg will post 1.51 earnings per share for the current fiscal year.
WK Kellogg Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.88%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. increased its stake in WK Kellogg by 24.1% during the first quarter. Sei Investments Co. now owns 54,901 shares of the company’s stock valued at $1,032,000 after purchasing an additional 10,672 shares during the last quarter. Roof Eidam Maycock Peralta LLC bought a new position in WK Kellogg in the first quarter worth about $1,073,000. Texas Permanent School Fund Corp boosted its stake in WK Kellogg by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 57,706 shares of the company’s stock valued at $1,085,000 after acquiring an additional 754 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of WK Kellogg during the 1st quarter worth approximately $2,709,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of WK Kellogg in the 1st quarter worth approximately $272,000. 95.74% of the stock is currently owned by 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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