WK Kellogg (NYSE:KLG) Shares Gap Down to $16.12

WK Kellogg Co (NYSE:KLGGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $16.12, but opened at $15.49. WK Kellogg shares last traded at $15.41, with a volume of 102,055 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Evercore ISI upped their target price on WK Kellogg from $21.00 to $23.00 and gave the company an “in-line” rating in a report on Wednesday, May 8th. BNP Paribas downgraded shares of WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 target price for the company. in a research report on Wednesday, May 8th. Bank of America cut shares of WK Kellogg from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $24.00 to $17.00 in a report on Wednesday. TD Cowen increased their price objective on WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Finally, Stifel Nicolaus boosted their target price on WK Kellogg from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.50.

Get Our Latest Stock Report on WK Kellogg

WK Kellogg Trading Down 3.7 %

The company has a quick ratio of 0.43, a current ratio of 0.84 and a debt-to-equity ratio of 1.53. The firm’s fifty day moving average is $19.30 and its 200 day moving average is $17.19.

WK Kellogg (NYSE:KLGGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $707.00 million for the quarter, compared to analyst estimates of $697.83 million. WK Kellogg’s revenue was down .7% on a year-over-year basis. On average, research analysts expect that WK Kellogg Co will post 1.54 EPS for the current fiscal year.

WK Kellogg Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.16 dividend. The ex-dividend date was Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 4.12%.

Hedge Funds Weigh In On WK Kellogg

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kellogg W K Foundation Trust acquired a new stake in WK Kellogg in the 4th quarter worth $177,458,000. Massachusetts Financial Services Co. MA bought a new position in WK Kellogg during the fourth quarter valued at about $18,412,000. Beutel Goodman & Co Ltd. acquired a new position in WK Kellogg in the 4th quarter valued at approximately $13,730,000. London & Capital Asset Management Ltd bought a new stake in shares of WK Kellogg in the 4th quarter worth approximately $10,363,000. Finally, Private Management Group Inc. bought a new stake in shares of WK Kellogg in the 4th quarter worth approximately $8,956,000. Institutional investors own 95.74% of the company’s stock.

WK Kellogg Company Profile

(Get Free Report)

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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