WK Kellogg Co (NYSE:KLG) Receives $12.45 Consensus Target Price from Analysts

WK Kellogg Co (NYSE:KLG) has received an average rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.75.

Several analysts have commented on KLG shares. Stifel Nicolaus upped their target price on shares of WK Kellogg from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Barclays upped their target price on shares of WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday.

WK Kellogg Price Performance

Shares of KLG opened at $20.92 on Wednesday. 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 has a one year low of $9.65 and a one year high of $21.80. The stock has a 50 day simple moving average of $16.36.

WK Kellogg (NYSE:KLG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $651.00 million during the quarter, compared to analysts’ expectations of $645.87 million. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, sell-side analysts predict that WK Kellogg will post 1.51 EPS for the current fiscal year.

WK Kellogg Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.06%.

Institutional Investors Weigh In On WK Kellogg

Several hedge funds have recently bought and sold shares of the company. Kellogg W K Foundation Trust acquired a new stake in WK Kellogg in the 4th quarter valued at about $177,458,000. Vanguard Group Inc. acquired a new stake in WK Kellogg in the 4th quarter valued at about $76,817,000. Massachusetts Financial Services Co. MA acquired a new stake in WK Kellogg in the 4th quarter valued at about $18,412,000. Beutel Goodman & Co Ltd. acquired a new stake in WK Kellogg in the 4th quarter valued at about $13,730,000. Finally, London & Capital Asset Management Ltd bought a new position in WK Kellogg in the 4th quarter valued at about $10,363,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

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.