8,307 Shares in WK Kellogg Co (NYSE:KLG) Purchased by Bfsg LLC

Bfsg LLC acquired a new position in WK Kellogg Co (NYSE:KLG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,307 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in shares of WK Kellogg during the third quarter valued at approximately $685,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in WK Kellogg in the third quarter valued at approximately $1,657,000. Diversified Trust Co acquired a new stake in WK Kellogg in the fourth quarter valued at approximately $147,000. Daymark Wealth Partners LLC acquired a new stake in WK Kellogg in the fourth quarter valued at approximately $976,000. Finally, Nordea Investment Management AB acquired a new stake in WK Kellogg in the fourth quarter valued at approximately $2,119,000. 95.74% of the stock is owned by hedge funds and other institutional investors.

WK Kellogg Stock Up 1.7 %

Shares of WK Kellogg stock traded up $0.40 during trading on Thursday, hitting $24.53. 313,623 shares of the company’s stock were exchanged, compared to its average volume of 1,125,539. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62. The business has a 50-day simple moving average of $17.81 and a 200-day simple moving average of $14.01. WK Kellogg Co has a 52-week low of $9.65 and a 52-week high of $24.63.

WK Kellogg (NYSE:KLG) last issued its earnings results 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 company had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $645.87 million. WK Kellogg’s revenue was down 2.7% on a year-over-year basis. As a group, equities research analysts forecast that WK Kellogg Co will post 1.51 earnings per share for the current year.

WK Kellogg Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a yield of 2.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on KLG shares. Barclays raised their target price 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. Stifel Nicolaus lifted their price objective on shares of WK Kellogg from $11.00 to $13.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.75.

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.