Dynamic Technology Lab Private Ltd Invests $273,000 in WK Kellogg Co (NYSE:KLG)

Dynamic Technology Lab Private Ltd bought a new stake in shares of WK Kellogg Co (NYSE:KLG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,162 shares of the company's stock, valued at approximately $273,000.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of WK Kellogg by 11.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,240,046 shares of the company's stock valued at $22,308,000 after buying an additional 127,488 shares during the last quarter. Victory Capital Management Inc. grew its stake in WK Kellogg by 1,217.5% during the fourth quarter. Victory Capital Management Inc. now owns 233,997 shares of the company's stock valued at $4,210,000 after acquiring an additional 216,236 shares in the last quarter. Royce & Associates LP increased its holdings in WK Kellogg by 46.0% in the 4th quarter. Royce & Associates LP now owns 105,134 shares of the company's stock valued at $1,891,000 after acquiring an additional 33,147 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in WK Kellogg in the 4th quarter worth $2,022,000. Finally, Barclays PLC boosted its holdings in shares of WK Kellogg by 406.6% during the 3rd quarter. Barclays PLC now owns 128,710 shares of the company's stock valued at $2,202,000 after purchasing an additional 103,301 shares during the last quarter. 95.74% of the stock is owned by hedge funds and other institutional investors.

WK Kellogg Trading Up 0.5 %

KLG stock traded up $0.11 during mid-day trading on Wednesday, reaching $19.25. 65,282 shares of the stock traded hands, compared to its average volume of 1,030,847. WK Kellogg Co has a one year low of $15.17 and a one year high of $24.63. The stock has a market capitalization of $1.66 billion, a PE ratio of 23.76, a PEG ratio of 2.01 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.32 and a current ratio of 0.74. The business has a 50-day moving average price of $19.28 and a two-hundred day moving average price of $18.34.

WK Kellogg (NYSE:KLG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. WK Kellogg had a net margin of 2.66% and a return on equity of 39.81%. Equities research analysts expect that WK Kellogg Co will post 1.57 EPS for the current year.

WK Kellogg Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, February 28th. This is an increase from WK Kellogg's previous quarterly dividend of $0.16. WK Kellogg's dividend payout ratio (DPR) is currently 81.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen cut WK Kellogg from a "hold" rating to a "sell" rating and reduced their target price for the stock from $18.00 to $16.00 in a report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on WK Kellogg from $19.00 to $18.00 and set a "hold" rating on the stock in a report on Friday, January 24th. Morgan Stanley initiated coverage on WK Kellogg in a research report on Monday, March 24th. They set an "underweight" rating and a $18.00 target price for the company. Barclays reduced their price target on shares of WK Kellogg from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group lowered their price objective on shares of WK Kellogg from $19.00 to $16.00 and set a "hold" rating for the company in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, WK Kellogg has an average rating of "Reduce" and an average price target of $17.89.

WK Kellogg Profile

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.