WK Kellogg (NYSE:KLG) PT Raised to $20.00 at Stifel Nicolaus

WK Kellogg (NYSE:KLG) had its price objective boosted by investment analysts at Stifel Nicolaus from $13.00 to $20.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 16.46% from the company’s current price.

Separately, Barclays boosted their price objective 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, the company presently has an average rating of “Hold” and a consensus target price of $13.45.

WK Kellogg Trading Down 1.6 %

Shares of NYSE:KLG opened at $23.94 on Friday. WK Kellogg has a 12-month low of $9.65 and a 12-month high of $24.63. The business has a 50 day moving average of $18.17 and a 200-day moving average of $14.19. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.43 and a current ratio of 0.84.

WK Kellogg (NYSE:KLG) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The firm had revenue of $651.00 million during the quarter, compared to the consensus estimate of $645.87 million. WK Kellogg’s revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that WK Kellogg will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KLG. Inlet Private Wealth LLC lifted its stake in WK Kellogg by 2.2% during the first quarter. Inlet Private Wealth LLC now owns 314,040 shares of the company’s stock worth $5,904,000 after purchasing an additional 6,700 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in WK Kellogg during the first quarter worth $159,000. Newbridge Financial Services Group Inc. bought a new stake in WK Kellogg during the first quarter worth $103,000. Westhampton Capital LLC lifted its stake in WK Kellogg by 2.5% during the first quarter. Westhampton Capital LLC now owns 83,494 shares of the company’s stock worth $1,570,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC lifted its stake in WK Kellogg by 15.2% during the first quarter. Alpha Omega Wealth Management LLC now owns 13,080 shares of the company’s stock worth $246,000 after purchasing an additional 1,725 shares during the last quarter. 95.74% of the stock is currently owned by institutional investors and hedge funds.

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.