Thompson Siegel & Walmsley LLC Takes $8.53 Million Position in WK Kellogg Co (NYSE:KLG)

Thompson Siegel & Walmsley LLC acquired a new position in WK Kellogg Co (NYSE:KLG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 648,826 shares of the company's stock, valued at approximately $8,526,000. Thompson Siegel & Walmsley LLC owned approximately 0.76% of WK Kellogg as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Eukles Asset Management purchased a new position in shares of WK Kellogg in the 4th quarter worth approximately $25,000. Canal Insurance CO bought a new position in WK Kellogg in the 4th quarter valued at $26,000. Toth Financial Advisory Corp purchased a new stake in shares of WK Kellogg during the 4th quarter valued at $26,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of WK Kellogg during the 4th quarter worth $26,000. Finally, S.A. Mason LLC purchased a new position in shares of WK Kellogg in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 95.74% of the company's stock.

WK Kellogg Stock Performance

NYSE KLG traded down $0.43 on Friday, hitting $21.77. The stock had a trading volume of 1,382,835 shares, compared to its average volume of 1,115,923. The firm has a 50-day moving average of $19.86 and a 200-day moving average of $15.14. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.43 and a current ratio of 0.84. WK Kellogg Co has a 52-week low of $9.65 and a 52-week high of $24.63.

WK Kellogg (NYSE:KLG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.37. The business had revenue of $707.00 million during the quarter, compared to analysts' expectations of $697.83 million. The company's revenue was down .7% compared to the same quarter last year. Analysts forecast that WK Kellogg Co will post 1.55 EPS for the current year.

WK Kellogg Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KLG shares. BNP Paribas cut shares of WK Kellogg from a "neutral" rating to an "underperform" rating and set a $20.00 target price on the stock. in a research note on Wednesday. Barclays boosted their price objective on WK Kellogg from $15.00 to $19.00 and gave the company an "underweight" rating in a research note on Thursday. Evercore ISI increased their target price on shares of WK Kellogg from $21.00 to $23.00 and gave the stock an "in-line" rating in a research report on Wednesday. TD Cowen boosted their price target on shares of WK Kellogg from $13.00 to $24.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, Stifel Nicolaus raised their price objective on shares of WK Kellogg from $20.00 to $22.00 and gave the stock a "hold" rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, WK Kellogg has an average rating of "Hold" and a consensus price target of $16.95.

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.