WK Kellogg Co (NYSE:KLG) Receives $17.88 Consensus PT from Analysts

Shares of WK Kellogg Co (NYSE:KLG) have been given a consensus recommendation of “Reduce” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $17.88.

A number of equities analysts have recently weighed in on the stock. TD Cowen cut shares of WK Kellogg from a “hold” rating to a “sell” rating and reduced their price target for the stock from $18.00 to $16.00 in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of WK Kellogg from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Barclays reduced their price target on shares of WK Kellogg from $19.00 to $16.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group dropped their price objective on shares of WK Kellogg from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Tuesday, January 28th.

WK Kellogg Trading Down 2.3 %

KLG opened at $16.27 on Tuesday. The firm’s fifty day moving average is $18.07 and its two-hundred day moving average is $17.70. The firm has a market cap of $1.40 billion, a PE ratio of 20.85 and a beta of 0.71. WK Kellogg has a twelve month low of $12.32 and a twelve month high of $24.63. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.34 and a current ratio of 0.78.

WK Kellogg (NYSE:KLG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $689.00 million for the quarter, compared to analysts’ expectations of $674.10 million. WK Kellogg had a net margin of 2.50% and a return on equity of 33.41%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that WK Kellogg will post 1.48 EPS for the current year.

Insider Buying and Selling at WK Kellogg

In other news, Director G Zachary Gund acquired 65,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $17.76 per share, for a total transaction of $1,154,400.00. Following the purchase, the director now directly owns 195,000 shares of the company’s stock, valued at approximately $3,463,200. This trade represents a 50.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KLG. Truist Financial Corp boosted its holdings in shares of WK Kellogg by 2.2% during the 4th quarter. Truist Financial Corp now owns 39,658 shares of the company’s stock worth $713,000 after buying an additional 838 shares during the period. GAMMA Investing LLC boosted its holdings in shares of WK Kellogg by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,890 shares of the company’s stock worth $32,000 after buying an additional 888 shares during the period. Halbert Hargrove Global Advisors LLC bought a new stake in shares of WK Kellogg during the 4th quarter worth about $25,000. Jones Financial Companies Lllp boosted its holdings in shares of WK Kellogg by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,813 shares of the company’s stock worth $141,000 after buying an additional 1,657 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of WK Kellogg by 13.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,818 shares of the company’s stock worth $303,000 after buying an additional 1,955 shares during the period. 95.74% of the stock is currently owned by institutional investors and hedge funds.

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.