WK Kellogg Co Plans Quarterly Dividend of $0.16 (NYSE:KLG)

WK Kellogg Co (NYSE:KLG) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Friday, May 31st will be paid a dividend of 0.16 per share on Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, May 31st.

WK Kellogg Trading Down 2.4 %

Shares of KLG traded down $0.57 during trading hours on Friday, reaching $23.20. 1,047,375 shares of the company traded hands, compared to its average volume of 1,127,465. 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 company’s fifty day moving average price is $19.05 and its two-hundred day moving average price is $14.63. WK Kellogg has a 12 month low of $9.65 and a 12 month high of $24.63.

WK Kellogg (NYSE:KLG) last released its earnings results on Tuesday, February 13th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $645.87 million. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. Sell-side analysts predict that WK Kellogg will post 1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KLG has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on WK Kellogg from $13.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, April 26th. Barclays raised 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 equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.45.

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.