Bfsg LLC Makes New $109,000 Investment in WK Kellogg Co (NYSE:KLG)

Bfsg LLC purchased a new position in shares of WK Kellogg Co (NYSE:KLG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,307 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors also recently modified their holdings of the stock. Eukles Asset Management acquired a new stake in WK Kellogg in the fourth quarter valued at $25,000. Toth Financial Advisory Corp acquired a new stake in WK Kellogg in the fourth quarter valued at $26,000. Canal Insurance CO acquired a new stake in WK Kellogg in the fourth quarter valued at $26,000. S.A. Mason LLC acquired a new stake in WK Kellogg in the fourth quarter valued at $30,000. Finally, Fifth Third Bancorp acquired a new stake in WK Kellogg in the fourth quarter valued at $32,000. 95.74% of the stock is currently owned by institutional investors and hedge funds.

WK Kellogg Stock Performance

Shares of KLG stock traded up $0.40 on Thursday, reaching $24.53. 313,623 shares of the company were exchanged, compared to its average volume of 1,125,539. WK Kellogg Co has a one year low of $9.65 and a one year high of $24.63. 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 company has a 50-day moving average of $17.81 and a 200-day moving average of $14.01.

WK Kellogg (NYSE:KLG) last announced its quarterly earnings results 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 for the quarter, compared to analyst estimates of $645.87 million. The company’s revenue was down 2.7% on a year-over-year basis. As a group, equities analysts anticipate that WK Kellogg Co 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 dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 2.61%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Stifel Nicolaus increased their price objective on WK Kellogg from $11.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Barclays increased their price target on WK Kellogg from $12.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, WK Kellogg has a consensus rating of “Hold” and a consensus target price of $12.75.

WK Kellogg 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.