Mutual of America Capital Management LLC Makes New $152,000 Investment in WK Kellogg Co (NYSE:KLG)

Mutual of America Capital Management LLC purchased a new position in shares of WK Kellogg Co (NYSE:KLG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,541 shares of the company’s stock, valued at approximately $152,000.

A number of other large investors have also made changes to their positions in the stock. Toth Financial Advisory Corp acquired a new position in WK Kellogg during the fourth quarter worth about $26,000. Canal Insurance CO purchased a new stake in shares of WK Kellogg during the 4th quarter worth approximately $26,000. S.A. Mason LLC acquired a new stake in shares of WK Kellogg in the 4th quarter worth approximately $30,000. Fifth Third Bancorp purchased a new position in WK Kellogg in the 4th quarter valued at approximately $32,000. Finally, Financiere des Professionnels Fonds d investissement inc. acquired a new position in WK Kellogg during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 95.74% of the company’s stock.

WK Kellogg Stock Up 8.1 %

Shares of NYSE KLG opened at $23.80 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $17.62 and a 200-day simple moving average of $13.94. WK Kellogg Co has a 12 month low of $9.65 and a 12 month high of $23.82.

WK Kellogg (NYSE:KLG) last released its earnings results on Tuesday, February 13th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The business had revenue of $651.00 million for the quarter, compared to analysts’ expectations of $645.87 million. WK Kellogg’s revenue was down 2.7% compared to the same quarter last year. Sell-side 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 announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 annualized dividend and a yield of 2.69%.

Wall Street Analysts Forecast Growth

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

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.