Universal Beteiligungs und Servicegesellschaft mbH Has $7.82 Million Stock Holdings in WK Kellogg Co. (NYSE:KLG)

Universal Beteiligungs und Servicegesellschaft mbH increased its position in WK Kellogg Co. (NYSE:KLG - Free Report) by 254.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 392,461 shares of the company's stock after buying an additional 281,600 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.46% of WK Kellogg worth $7,822,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Ancora Advisors LLC grew its stake in shares of WK Kellogg by 181.8% in the 4th quarter. Ancora Advisors LLC now owns 1,519 shares of the company's stock valued at $27,000 after buying an additional 980 shares during the period. Curat Global LLC acquired a new position in WK Kellogg during the 1st quarter valued at about $66,000. Whittier Trust Co. of Nevada Inc. boosted its stake in WK Kellogg by 1,030.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,675 shares of the company's stock valued at $73,000 after purchasing an additional 3,350 shares during the last quarter. Summit Securities Group LLC acquired a new position in WK Kellogg during the 4th quarter valued at about $70,000. Finally, Canada Pension Plan Investment Board acquired a new position in WK Kellogg during the 4th quarter valued at about $94,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

WK Kellogg Trading Up 0.0%

NYSE:KLG opened at $23.14 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.34 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $2.00 billion, a PE ratio of 36.15 and a beta of 0.23. The firm's 50 day moving average is $18.09 and its 200 day moving average is $18.24. WK Kellogg Co. has a 12 month low of $14.80 and a 12 month high of $23.56.

WK Kellogg (NYSE:KLG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.21). The company had revenue of $667.00 million during the quarter, compared to the consensus estimate of $677.91 million. WK Kellogg had a return on equity of 34.88% and a net margin of 2.14%. The company's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.37 EPS. Sell-side analysts expect that WK Kellogg Co. will post 1.57 earnings per share for the current year.

WK Kellogg Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, May 30th. This represents a $0.66 dividend on an annualized basis and a yield of 2.85%. WK Kellogg's payout ratio is 103.13%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays reiterated an "underweight" rating and set a $23.00 price target (up previously from $16.00) on shares of WK Kellogg in a research note on Monday, July 14th. TD Cowen upgraded WK Kellogg from a "sell" rating to a "hold" rating and boosted their target price for the stock from $14.00 to $23.00 in a research note on Monday, July 14th. Cowen upgraded WK Kellogg from a "sell" rating to a "hold" rating in a research note on Friday, July 11th. Wall Street Zen upgraded WK Kellogg from a "sell" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Evercore ISI boosted their target price on WK Kellogg from $19.00 to $23.00 and gave the stock an "in-line" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat, WK Kellogg currently has a consensus rating of "Hold" and an average price target of $20.13.

WK Kellogg Company 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.

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