Keeley Teton Advisors LLC Has $8.17 Million Position in WK Kellogg Co (NYSE:KLG)

Keeley Teton Advisors LLC grew its stake in shares of WK Kellogg Co (NYSE:KLG - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 454,346 shares of the company's stock after buying an additional 60,652 shares during the quarter. WK Kellogg makes up 0.9% of Keeley Teton Advisors LLC's holdings, making the stock its 13th biggest holding. Keeley Teton Advisors LLC owned approximately 0.53% of WK Kellogg worth $8,174,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of WK Kellogg during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new stake in shares of WK Kellogg during the fourth quarter valued at about $36,000. Wealthfront Advisers LLC bought a new stake in shares of WK Kellogg during the fourth quarter worth about $44,000. GAMMA Investing LLC increased its stake in shares of WK Kellogg by 49.4% in the fourth quarter. GAMMA Investing LLC now owns 2,823 shares of the company's stock valued at $51,000 after buying an additional 933 shares during the period. Finally, Spire Wealth Management bought a new position in WK Kellogg in the 4th quarter valued at approximately $56,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

WK Kellogg Trading Up 3.3 %

Shares of WK Kellogg stock traded up $0.63 on Friday, hitting $19.52. 426,709 shares of the company's stock traded hands, compared to its average volume of 1,004,120. The company has a fifty day moving average of $19.44 and a two-hundred day moving average of $18.38. WK Kellogg Co has a one year low of $15.17 and a one year high of $24.63. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.39. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.32.

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

WK Kellogg Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.38%. This is a boost from WK Kellogg's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, February 28th. WK Kellogg's dividend payout ratio (DPR) is presently 81.48%.

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.