WK Kellogg Co (KLG) To Go Ex-Dividend on February 29th

WK Kellogg Co (NYSE:KLGGet Free Report) declared a quarterly dividend on Thursday, February 8th, NASDAQ reports. Investors of record on Friday, March 1st will be paid a dividend of 0.16 per share on Friday, March 15th. This represents a $0.64 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Thursday, February 29th.

WK Kellogg Price Performance

NYSE KLG opened at $14.60 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.85 and a debt-to-equity ratio of 1.62. The company has a 50 day simple moving average of $13.41. WK Kellogg has a one year low of $9.65 and a one year high of $21.00.

WK Kellogg (NYSE:KLGGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $651.00 million for the quarter, compared to the consensus estimate of $645.87 million. WK Kellogg’s revenue was down 2.7% on a year-over-year basis. Equities research analysts expect that WK Kellogg will post 1.5 earnings per share for the current year.

Institutional Trading of WK Kellogg

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD acquired a new position in WK Kellogg during the fourth quarter worth about $166,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of WK Kellogg during the 4th quarter worth approximately $164,000. Corient Private Wealth LLC acquired a new stake in shares of WK Kellogg in the 4th quarter worth approximately $162,000. PNC Financial Services Group Inc. purchased a new position in WK Kellogg in the 4th quarter valued at approximately $160,000. Finally, US Bancorp DE acquired a new position in WK Kellogg during the fourth quarter worth $134,000.

Analyst Upgrades and Downgrades

KLG has been the subject of a number of analyst reports. Morgan Stanley began coverage on shares of WK Kellogg in a research note on Thursday, December 14th. They set an “equal weight” rating and a $13.00 target price for the company. Evercore ISI started coverage on WK Kellogg in a research report on Monday, November 13th. They set an “in-line” rating and a $13.00 price objective for the company. Barclays raised their target price on WK Kellogg from $11.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. assumed coverage on WK Kellogg in a report on Thursday, November 2nd. They issued a “neutral” rating and a $11.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of WK Kellogg from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.45.

Check Out Our Latest Analysis on KLG

WK Kellogg Company Profile

(Get Free Report)

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It offers 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.

Further Reading

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