WK Kellogg (NYSE:KLG – Free Report) had its target price lowered by Barclays from $19.00 to $16.00 in a research note issued to investors on Friday, Benzinga reports. Barclays currently has an underweight rating on the stock.
A number of other equities analysts have also commented on KLG. Evercore ISI increased their price target on WK Kellogg from $21.00 to $23.00 and gave the company an in-line rating in a research note on Wednesday, May 8th. TD Cowen raised their price objective on WK Kellogg from $13.00 to $24.00 and gave the company a hold rating in a research note on Wednesday, May 8th. BNP Paribas lowered WK Kellogg from a neutral rating to an underperform rating and set a $20.00 price objective for the company. in a research note on Wednesday, May 8th. Bank of America lowered WK Kellogg from a neutral rating to an underperform rating and lowered their price objective for the company from $24.00 to $17.00 in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus raised their price objective on WK Kellogg from $20.00 to $22.00 and gave the company a hold rating in a research note on Wednesday, May 8th. Four analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, WK Kellogg presently has an average rating of Hold and a consensus target price of $17.20.
WK Kellogg Stock Performance
WK Kellogg (NYSE:KLG – Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $697.83 million. The company’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts expect that WK Kellogg will post 1.54 earnings per share for the current fiscal year.
WK Kellogg Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, May 31st.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Eukles Asset Management purchased a new position in WK Kellogg during the 4th quarter worth $25,000. Canal Insurance CO purchased a new position in WK Kellogg during the 4th quarter worth $26,000. Toth Financial Advisory Corp purchased a new position in WK Kellogg during the 4th quarter worth $26,000. Benjamin F. Edwards & Company Inc. purchased a new position in WK Kellogg during the 4th quarter worth $26,000. Finally, Brown Brothers Harriman & Co. purchased a new position in WK Kellogg during the 4th quarter worth $27,000. 95.74% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than WK Kellogg
- How to Read Stock Charts for Beginners
- Intuitive Surgical Stock Outperforms Market: Highs on the Horizon
- 3 Warren Buffett Stocks to Buy Now
- Has This Leading Tech Stock Halted the AI Surge?
- 3 Stocks to Consider Buying in October
- Revolutionary Battery Stock Gains Momentum with 3D Silicon-Anodes
Receive News & Ratings for WK Kellogg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WK Kellogg and related companies with MarketBeat.com's FREE daily email newsletter.