WK Kellogg (NYSE:KLG – Free Report) had its price target hoisted by Stifel Nicolaus from $13.00 to $20.00 in a research note published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.
Separately, Barclays raised their target price on WK Kellogg from $12.00 to $15.00 and gave the stock an underweight rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $13.45.
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WK Kellogg Stock Down 1.6 %
WK Kellogg (NYSE:KLG – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $651.00 million during the quarter, compared to the consensus estimate of $645.87 million. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. As a group, analysts forecast that WK Kellogg will post 1.51 EPS for the current fiscal year.
WK Kellogg Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a yield of 2.67%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Eukles Asset Management purchased a new position in shares of WK Kellogg during the 4th quarter valued at about $25,000. Benjamin F. Edwards & Company Inc. bought a new stake in WK Kellogg during the 4th quarter valued at approximately $26,000. Toth Financial Advisory Corp bought a new stake in WK Kellogg during the 4th quarter valued at approximately $26,000. Canal Insurance CO bought a new stake in WK Kellogg during the 4th quarter valued at approximately $26,000. Finally, Brown Brothers Harriman & Co. bought a new stake in WK Kellogg in the 4th quarter worth approximately $27,000. 95.74% of the stock is 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.
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