Shares of WK Kellogg Co (NYSE:KLG – Get Free Report) have been assigned an average rating of “Reduce” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.50.
Several brokerages recently commented on KLG. Stifel Nicolaus reduced their target price on shares of WK Kellogg from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of WK Kellogg from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Bank of America cut shares of WK Kellogg from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $24.00 to $17.00 in a report on Wednesday, July 10th. Finally, Barclays reduced their target price on shares of WK Kellogg from $19.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, July 19th.
Read Our Latest Stock Analysis on KLG
Hedge Funds Weigh In On WK Kellogg
WK Kellogg Stock Down 0.6 %
Shares of KLG stock opened at $17.26 on Friday. The firm has a fifty day moving average of $17.57 and a 200-day moving average of $18.40. The company has a quick ratio of 0.36, a current ratio of 0.83 and a debt-to-equity ratio of 1.42. WK Kellogg has a 12-month low of $9.82 and a 12-month high of $24.63. The company has a market capitalization of $1.48 billion and a price-to-earnings ratio of 12.24.
WK Kellogg (NYSE:KLG – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.06). WK Kellogg had a return on equity of 42.12% and a net margin of 4.45%. The company had revenue of $672.00 million for the quarter, compared to the consensus estimate of $671.50 million. WK Kellogg’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities research analysts predict that WK Kellogg will post 1.5 earnings per share for the current fiscal year.
WK Kellogg Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 29th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, August 29th. WK Kellogg’s dividend payout ratio is presently 45.71%.
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.
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