Yousif Capital Management LLC Buys New Position in WK Kellogg Co (NYSE:KLG)

Yousif Capital Management LLC acquired a new position in shares of WK Kellogg Co (NYSE:KLG - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,444 shares of the company's stock, valued at approximately $439,000.

A number of other institutional investors have also recently added to or reduced their stakes in KLG. NewSquare Capital LLC bought a new position in shares of WK Kellogg in the fourth quarter worth $292,000. New York State Common Retirement Fund bought a new position in shares of WK Kellogg in the fourth quarter worth $508,000. Illinois Municipal Retirement Fund bought a new position in shares of WK Kellogg in the fourth quarter worth $491,000. California Public Employees Retirement System bought a new position in shares of WK Kellogg in the fourth quarter worth $1,543,000. Finally, CWM LLC bought a new position in shares of WK Kellogg in the fourth quarter worth $48,000. 95.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on KLG shares. Barclays increased their price target on WK Kellogg from $12.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, April 12th. Stifel Nicolaus upped their price objective on WK Kellogg from $13.00 to $20.00 and gave the company a "hold" rating in a report on Friday, April 26th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.45.

WK Kellogg Price Performance

Shares of NYSE KLG traded up $0.73 during mid-day trading on Tuesday, hitting $24.27. 1,347,982 shares of the company traded hands, compared to its average volume of 1,129,588. WK Kellogg Co has a 1 year low of $9.65 and a 1 year high of $24.63. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62. The business has a 50 day moving average of $19.23 and a two-hundred day moving average of $14.79.

WK Kellogg (NYSE:KLG - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $645.87 million. WK Kellogg's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, analysts predict that WK Kellogg Co will post 1.51 earnings per share for the current year.

WK Kellogg Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, May 31st.

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.