WK Kellogg (NYSE:KLG - Get Free Report) had its target price boosted by analysts at Barclays from $16.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an "underweight" rating on the stock. Barclays's price target indicates a potential upside of 5.61% from the company's current price.
A number of other research firms also recently weighed in on KLG. Stifel Nicolaus cut their target price on WK Kellogg from $22.00 to $18.00 and set a "hold" rating for the company in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. cut their price objective on WK Kellogg from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.88.
View Our Latest Stock Analysis on WK Kellogg
Shares of KLG stock traded down $0.06 during trading hours on Monday, reaching $17.99. The stock had a trading volume of 161,188 shares, compared to its average volume of 1,031,517. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.78 and a quick ratio of 0.36. The firm has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $18.15. The firm has a market capitalization of $1.55 billion and a PE ratio of 22.76. WK Kellogg has a twelve month low of $10.33 and a twelve month high of $24.63.
WK Kellogg (NYSE:KLG - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. WK Kellogg had a return on equity of 33.41% and a net margin of 2.50%. The firm had revenue of $689.00 million for the quarter, compared to analysts' expectations of $674.10 million. During the same period last year, the firm earned $0.49 EPS. The firm's revenue was down .4% compared to the same quarter last year. As a group, equities analysts forecast that WK Kellogg will post 1.52 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the stock. Alpha Omega Wealth Management LLC increased its stake in shares of WK Kellogg by 4.9% in the third quarter. Alpha Omega Wealth Management LLC now owns 12,880 shares of the company's stock worth $220,000 after acquiring an additional 600 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in WK Kellogg by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 57,706 shares of the company's stock valued at $1,085,000 after purchasing an additional 754 shares in the last quarter. GAMMA Investing LLC increased its position in WK Kellogg by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,890 shares of the company's stock worth $32,000 after purchasing an additional 888 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of WK Kellogg by 0.5% during the 1st quarter. Ancora Advisors LLC now owns 318,596 shares of the company's stock worth $5,990,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of WK Kellogg by 15.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,638 shares of the company's stock valued at $276,000 after buying an additional 2,009 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company's stock.
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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