WK Kellogg Co (NYSE:KLG) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors boosted its position in WK Kellogg Co (NYSE:KLG - Free Report) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,705,509 shares of the company's stock after buying an additional 189,092 shares during the quarter. Captrust Financial Advisors owned 1.98% of WK Kellogg worth $30,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC acquired a new stake in WK Kellogg during the 4th quarter valued at approximately $25,000. Ancora Advisors LLC raised its holdings in WK Kellogg by 181.8% in the fourth quarter. Ancora Advisors LLC now owns 1,519 shares of the company's stock valued at $27,000 after acquiring an additional 980 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in WK Kellogg during the 4th quarter valued at $36,000. Wealthfront Advisers LLC acquired a new position in WK Kellogg during the 4th quarter worth $44,000. Finally, GAMMA Investing LLC increased its position in shares of WK Kellogg by 49.4% in the 4th quarter. GAMMA Investing LLC now owns 2,823 shares of the company's stock worth $51,000 after purchasing an additional 933 shares during the last quarter. 95.74% of the stock is owned by hedge funds and other institutional investors.

WK Kellogg Stock Performance

WK Kellogg stock traded down $0.11 during midday trading on Friday, reaching $17.02. 683,258 shares of the stock traded hands, compared to its average volume of 986,627. The company has a current ratio of 0.74, a quick ratio of 0.32 and a debt-to-equity ratio of 1.45. The firm has a fifty day moving average price of $18.95 and a two-hundred day moving average price of $18.44. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.01 and a beta of 0.54. WK Kellogg Co has a fifty-two week low of $14.80 and a fifty-two week high of $22.21.

WK Kellogg (NYSE:KLG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.21). WK Kellogg had a return on equity of 39.81% and a net margin of 2.66%. The business had revenue of $667.00 million for the quarter, compared to analyst estimates of $677.91 million. During the same quarter last year, the firm posted $0.37 EPS. The company's revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that WK Kellogg Co will post 1.57 earnings per share for the current year.

WK Kellogg Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.88%. WK Kellogg's dividend payout ratio (DPR) is 81.48%.

Analyst Upgrades and Downgrades

KLG has been the subject of several research analyst reports. Stifel Nicolaus lowered their price objective on WK Kellogg from $19.00 to $18.00 and set a "hold" rating for the company in a report on Friday, January 24th. Barclays dropped their price target on WK Kellogg from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Morgan Stanley assumed coverage on shares of WK Kellogg in a report on Monday, March 24th. They set an "underweight" rating and a $18.00 target price on the stock. Finally, Jefferies Financial Group decreased their price target on shares of WK Kellogg from $19.00 to $16.00 and set a "hold" rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $16.86.

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.