DT Investment Partners LLC Takes $52,000 Position in WK Kellogg Co (NYSE:KLG)

DT Investment Partners LLC purchased a new position in shares of WK Kellogg Co (NYSE:KLGFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,901 shares of the company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. London & Capital Asset Management Ltd purchased a new position in WK Kellogg during the 4th quarter worth $10,363,000. Inlet Private Wealth LLC purchased a new position in WK Kellogg during the fourth quarter worth about $4,038,000. Salem Investment Counselors Inc. bought a new stake in WK Kellogg in the 4th quarter worth about $2,319,000. Nordea Investment Management AB purchased a new stake in WK Kellogg in the 4th quarter valued at about $2,119,000. Finally, Oak Thistle LLC bought a new position in shares of WK Kellogg during the 4th quarter worth approximately $1,721,000. 95.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KLG has been the subject of several recent analyst reports. Barclays upped their target price on WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, April 12th. Stifel Nicolaus raised their target price on WK Kellogg from $11.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $12.75.

Read Our Latest Analysis on WK Kellogg

WK Kellogg Stock Down 2.5 %

NYSE:KLG opened at $21.22 on Friday. WK Kellogg Co has a 1 year low of $9.65 and a 1 year high of $22.08. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.84 and a quick ratio of 0.43. The business has a fifty day simple moving average of $17.22 and a two-hundred day simple moving average of $13.74.

WK Kellogg (NYSE:KLGGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share 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 revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts anticipate that WK Kellogg Co will post 1.51 earnings per share for the current year.

WK Kellogg Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, February 29th.

WK Kellogg Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding KLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WK Kellogg Co (NYSE:KLGFree Report).

Institutional Ownership by Quarter for WK Kellogg (NYSE:KLG)

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.