CenterBook Partners LP Purchases Shares of 442,702 WK Kellogg Co (NYSE:KLG)

CenterBook Partners LP purchased a new position in WK Kellogg Co (NYSE:KLGFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 442,702 shares of the company’s stock, valued at approximately $5,817,000. WK Kellogg makes up about 0.7% of CenterBook Partners LP’s portfolio, making the stock its 23rd largest holding.

Other large investors have also modified their holdings of the company. Kellogg W K Foundation Trust acquired a new position in WK Kellogg during the 4th quarter worth $177,458,000. Massachusetts Financial Services Co. MA purchased a new position in shares of WK Kellogg in the 4th quarter valued at about $18,412,000. Beutel Goodman & Co Ltd. purchased a new position in shares of WK Kellogg in the 4th quarter valued at about $13,730,000. London & Capital Asset Management Ltd acquired a new position in shares of WK Kellogg during the fourth quarter worth about $10,363,000. Finally, Private Management Group Inc. purchased a new stake in shares of WK Kellogg during the fourth quarter worth approximately $8,956,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Analyst Upgrades and Downgrades

KLG has been the subject of several analyst reports. Evercore ISI boosted their price target on shares of WK Kellogg from $21.00 to $23.00 and gave the stock an “in-line” rating in a report on Wednesday, May 8th. Barclays boosted their target price on shares of WK Kellogg from $15.00 to $19.00 and gave the stock an “underweight” rating in a research note on Thursday, May 9th. Stifel Nicolaus raised their price target on WK Kellogg from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, May 8th. TD Cowen upped their price objective on WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Finally, BNP Paribas lowered WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 target price on the stock. in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.95.

View Our Latest Analysis on KLG

WK Kellogg Trading Up 0.1 %

Shares of KLG stock traded up $0.02 during trading hours on Friday, hitting $18.28. The stock had a trading volume of 613,396 shares, compared to its average volume of 865,449. The stock’s 50 day moving average is $21.06 and its 200 day moving average is $16.35. WK Kellogg Co has a twelve month low of $9.65 and a twelve month high of $24.63. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.84 and a quick ratio of 0.43.

WK Kellogg (NYSE:KLGGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. The business had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $697.83 million. WK Kellogg’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts anticipate that WK Kellogg Co will post 1.55 earnings per share for the current year.

WK Kellogg Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.50%. The ex-dividend date is Friday, May 31st.

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.

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

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