WK Kellogg Co (NYSE:KLG – Get Free Report) has received a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.40.
Several analysts have issued reports on the company. Bank of America lowered WK Kellogg from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $24.00 to $17.00 in a research note on Wednesday, July 10th. BNP Paribas downgraded WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 price target for the company. in a report on Wednesday, May 8th. TD Cowen lifted their price objective on shares of WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Evercore ISI increased their price objective on shares of WK Kellogg from $21.00 to $23.00 and gave the company an “in-line” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus reduced their target price on shares of WK Kellogg from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd.
Read Our Latest Research Report on WK Kellogg
Institutional Investors Weigh In On WK Kellogg
WK Kellogg Stock Performance
NYSE KLG opened at $17.40 on Tuesday. The firm has a market capitalization of $1.49 billion and a P/E ratio of 10.74. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.53. The firm’s fifty day moving average price is $16.89 and its two-hundred day moving average price is $17.92. WK Kellogg has a 1 year low of $9.65 and a 1 year high of $24.63.
WK Kellogg (NYSE:KLG – Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.06). The firm had revenue of $672.00 million for the quarter, compared to the consensus estimate of $671.50 million. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, research analysts anticipate that WK Kellogg will post 1.53 EPS for the current year.
WK Kellogg Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 29th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, August 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.68%. WK Kellogg’s payout ratio is presently 39.51%.
About WK Kellogg
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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