3,289 Shares in WK Kellogg Co (NYSE:KLG) Purchased by Investors Research Corp

Investors Research Corp acquired a new position in shares of WK Kellogg Co (NYSE:KLG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,289 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors have also recently added to or reduced their stakes in KLG. Canal Insurance CO purchased a new stake in shares of WK Kellogg in the fourth quarter valued at about $26,000. Toth Financial Advisory Corp purchased a new stake in shares of WK Kellogg in the fourth quarter valued at about $26,000. S.A. Mason LLC purchased a new stake in shares of WK Kellogg in the fourth quarter valued at about $30,000. Fifth Third Bancorp purchased a new stake in shares of WK Kellogg in the fourth quarter valued at about $32,000. Finally, Financiere des Professionnels Fonds d investissement inc. purchased a new position in shares of WK Kellogg during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KLG shares. Stifel Nicolaus upped their price objective on shares of WK Kellogg from $11.00 to $13.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Barclays upped their price objective on shares of WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.75.

WK Kellogg Trading Up 0.7 %

Shares of KLG stock opened at $21.11 on Wednesday. WK Kellogg Co has a one year low of $9.65 and a one year high of $22.08. The company has a 50 day moving average price of $16.68 and a 200 day moving average price of $13.56. The company has a quick ratio of 0.43, a current ratio of 0.84 and a debt-to-equity ratio of 1.62.

WK Kellogg (NYSE:KLG) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $651.00 million for the quarter, compared to the consensus estimate of $645.87 million. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that WK Kellogg Co will post 1.51 earnings per share for the current fiscal year.

WK Kellogg Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday, February 29th.

WK Kellogg 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.