WK Kellogg Co (NYSE:KLG) Receives $16.86 Consensus Target Price from Brokerages

Shares of WK Kellogg Co (NYSE:KLG - Get Free Report) have been assigned an average recommendation of "Strong Sell" from the seven analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.86.

Separately, Morgan Stanley initiated coverage on WK Kellogg in a report on Monday, March 24th. They issued an "underweight" rating and a $18.00 price objective for the company.

WK Kellogg Stock Performance

Shares of KLG stock traded up $0.14 during trading on Monday, reaching $15.69. 635,987 shares of the company's stock traded hands, compared to its average volume of 977,185. WK Kellogg has a 1 year low of $14.80 and a 1 year high of $22.21. The company has a market capitalization of $1.35 billion, a P/E ratio of 19.37, a PEG ratio of 2.01 and a beta of 0.35. The company has a current ratio of 0.74, a quick ratio of 0.32 and a debt-to-equity ratio of 1.45. The firm's 50-day moving average is $17.69 and its 200 day moving average is $18.35.

WK Kellogg (NYSE:KLG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.21). The business had revenue of $667.00 million for the quarter, compared to analysts' expectations of $677.91 million. WK Kellogg had a return on equity of 39.81% and a net margin of 2.66%. WK Kellogg's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Equities research analysts expect that WK Kellogg will post 1.57 EPS for the current year.

WK Kellogg Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.66 annualized dividend and a yield of 4.21%. WK Kellogg's payout ratio is 103.13%.

Institutional Trading of WK Kellogg

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of WK Kellogg by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 5,640,453 shares of the company's stock worth $112,414,000 after purchasing an additional 245,555 shares during the period. Keybank National Association OH raised its holdings in WK Kellogg by 1.1% in the 4th quarter. Keybank National Association OH now owns 4,925,470 shares of the company's stock worth $88,609,000 after acquiring an additional 52,129 shares during the last quarter. Credit Agricole S A lifted its stake in WK Kellogg by 10.4% during the 1st quarter. Credit Agricole S A now owns 4,287,331 shares of the company's stock valued at $85,447,000 after acquiring an additional 403,970 shares during the period. Capital International Investors lifted its holdings in shares of WK Kellogg by 149.8% during the 4th quarter. Capital International Investors now owns 4,186,763 shares of the company's stock valued at $75,320,000 after buying an additional 2,510,779 shares during the period. Finally, LSV Asset Management boosted its position in WK Kellogg by 280.5% in the first quarter. LSV Asset Management now owns 3,038,537 shares of the company's stock worth $60,558,000 after purchasing an additional 2,239,966 shares during the last quarter. Institutional investors own 95.74% of the company's stock.

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.