WK Kellogg (NYSE:KLG) Price Target Increased to $20.00 by Analysts at Stifel Nicolaus

WK Kellogg (NYSE:KLG) had its price objective raised by Stifel Nicolaus from $13.00 to $20.00 in a research note published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Separately, Barclays increased 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, April 12th. Two research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Based on data from MarketBeat, WK Kellogg presently has an average rating of Hold and a consensus target price of $13.45.

WK Kellogg Trading Down 1.6 %

Shares of NYSE KLG opened at $23.94 on Friday. The company has a 50 day simple moving average of $18.17 and a 200 day simple moving average of $14.17. WK Kellogg has a 1 year low of $9.65 and a 1 year high of $24.63. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62.

WK Kellogg (NYSE:KLG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The company had revenue of $651.00 million for the quarter, compared to analyst estimates of $645.87 million. WK Kellogg’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts anticipate that WK Kellogg will post 1.51 EPS for the current fiscal year.

WK Kellogg Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Thursday, February 29th.

Institutional Investors Weigh In On WK Kellogg

A number of hedge funds have recently made changes to their positions in the business. Inlet Private Wealth LLC raised its stake in shares of WK Kellogg by 2.2% during the 1st quarter. Inlet Private Wealth LLC now owns 314,040 shares of the company’s stock worth $5,904,000 after purchasing an additional 6,700 shares during the period. Valeo Financial Advisors LLC purchased a new stake in WK Kellogg in the 1st quarter worth about $159,000. Newbridge Financial Services Group Inc. purchased a new stake in WK Kellogg in the 1st quarter worth about $103,000. Westhampton Capital LLC increased its holdings in WK Kellogg by 2.5% in the 1st quarter. Westhampton Capital LLC now owns 83,494 shares of the company’s stock worth $1,570,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC increased its holdings in WK Kellogg by 15.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 13,080 shares of the company’s stock worth $246,000 after acquiring an additional 1,725 shares during the last quarter. 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.