New York State Teachers Retirement System Invests $946,000 in WK Kellogg Co (NYSE:KLG)

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New York State Teachers Retirement System acquired a new stake in shares of WK Kellogg Co (NYSE:KLG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 71,989 shares of the company's stock, valued at approximately $946,000. New York State Teachers Retirement System owned about 0.08% of WK Kellogg as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. CENTRAL TRUST Co bought a new stake in WK Kellogg during the fourth quarter valued at approximately $61,000. International Assets Investment Management LLC bought a new stake in WK Kellogg during the fourth quarter valued at approximately $44,000. Asset Management One Co. Ltd. bought a new stake in WK Kellogg during the fourth quarter valued at approximately $221,000. Arizona State Retirement System bought a new stake in WK Kellogg during the fourth quarter valued at approximately $267,000. Finally, Camelot Portfolios LLC bought a new stake in WK Kellogg during the fourth quarter valued at approximately $737,000. 95.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KLG has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of WK Kellogg from $11.00 to $13.00 and gave the stock a "hold" rating in a research report on Thursday, January 25th. Barclays upped their price target on shares of WK Kellogg from $12.00 to $15.00 and gave the stock an "underweight" rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.75.


Check Out Our Latest Stock Analysis on KLG

WK Kellogg Trading Down 2.5 %

Shares of KLG stock traded down $0.54 during mid-day trading on Friday, hitting $21.22. The company had a trading volume of 1,056,279 shares, compared to its average volume of 1,132,614. WK Kellogg Co has a 52-week low of $9.65 and a 52-week high of $22.08. The stock's 50 day moving average price is $17.05 and its 200-day moving average price is $13.67. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.84 and a quick ratio of 0.43.

WK Kellogg (NYSE:KLG - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $651.00 million for the quarter, compared to analysts' expectations of $645.87 million. The company's quarterly revenue was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that WK Kellogg Co will post 1.51 EPS for the current year.

WK Kellogg Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 29th.

WK Kellogg Profile

(Free Report)

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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Institutional Ownership by Quarter for WK Kellogg (NYSE:KLG)

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