G Zachary Gund Buys 65,000 Shares of WK Kellogg Co (NYSE:KLG) Stock

WK Kellogg Co (NYSE:KLG) Director G Zachary Gund purchased 65,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average price of $17.94 per share, with a total value of $1,166,100.00. Following the purchase, the director now owns 65,000 shares of the company’s stock, valued at approximately $1,166,100. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

G Zachary Gund also recently made the following trade(s):

• On Thursday, November 14th, G Zachary Gund acquired 65,000 shares of WK Kellogg stock. The stock was purchased at an average cost of $17.76 per share, with a total value of $1,154,400.00.

WK Kellogg Stock Up 0.3 %

NYSE:KLG traded up $0.05 on Friday, hitting $17.23. 206,579 shares of the company’s stock traded hands, compared to its average volume of 1,034,694. The company has a current ratio of 0.78, a quick ratio of 0.34 and a debt-to-equity ratio of 1.49. The company has a market cap of $1.48 billion and a PE ratio of 22.09. The firm has a 50-day moving average price of $17.56 and a 200-day moving average price of $18.01. WK Kellogg Co has a 1 year low of $10.83 and a 1 year high of $24.63.

WK Kellogg (NYSE:KLG) last posted its earnings results on Thursday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. WK Kellogg had a net margin of 2.50% and a return on equity of 33.41%. The business had revenue of $689.00 million for the quarter, compared to analyst estimates of $674.10 million. During the same period last year, the business posted $0.49 EPS. WK Kellogg’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that WK Kellogg Co will post 1.49 EPS for the current fiscal year.

WK Kellogg Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, November 29th. WK Kellogg’s payout ratio is presently 82.05%.

Institutional Trading of WK Kellogg

Institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in WK Kellogg by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,890 shares of the company’s stock worth $32,000 after buying an additional 888 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of WK Kellogg during the 1st quarter worth about $42,000. Rothschild Investment LLC bought a new stake in WK Kellogg in the second quarter valued at about $46,000. Abich Financial Wealth Management LLC lifted its stake in WK Kellogg by 3,575.4% during the third quarter. Abich Financial Wealth Management LLC now owns 4,484 shares of the company’s stock worth $77,000 after purchasing an additional 4,362 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of WK Kellogg by 1,724.1% in the 3rd quarter. International Assets Investment Management LLC now owns 4,688 shares of the company’s stock worth $80,000 after buying an additional 4,431 shares in the last quarter. 95.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of WK Kellogg from $16.00 to $19.00 and gave the stock an “underweight” rating in a research report on Monday. Stifel Nicolaus decreased their target price on shares of WK Kellogg from $22.00 to $18.00 and set a “hold” rating for the company in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. cut their price target on WK Kellogg from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, WK Kellogg presently has a consensus rating of “Hold” and an average target price of $18.88.

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.