Yousif Capital Management LLC Acquires Shares of 33,444 WK Kellogg Co (NYSE:KLG)

Yousif Capital Management LLC bought a new position in shares of WK Kellogg Co (NYSE:KLG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 33,444 shares of the company’s stock, valued at approximately $439,000.

Several other hedge funds also recently made changes to their positions in KLG. Lincoln Capital Corp bought a new position in WK Kellogg during the fourth quarter worth $1,026,000. Nordea Investment Management AB bought a new position in shares of WK Kellogg in the 4th quarter worth about $2,119,000. Inlet Private Wealth LLC acquired a new position in shares of WK Kellogg in the 4th quarter valued at about $4,038,000. Oak Thistle LLC acquired a new stake in WK Kellogg during the fourth quarter worth about $1,721,000. Finally, London & Capital Asset Management Ltd acquired a new stake in WK Kellogg during the fourth quarter worth about $10,363,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KLG. Barclays upped their target price on WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, April 12th. Stifel Nicolaus upped their price objective on WK Kellogg from $13.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.45.

WK Kellogg Trading Up 1.5 %

NYSE:KLG opened at $23.54 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.84 and a quick ratio of 0.43. WK Kellogg Co has a 1 year low of $9.65 and a 1 year high of $24.63. The business has a fifty day moving average of $19.23 and a 200-day moving average of $14.79.

WK Kellogg (NYSE:KLG) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $651.00 million for the quarter, compared to analyst estimates of $645.87 million. The firm’s revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that WK Kellogg Co will post 1.51 earnings per share for the current year.

WK Kellogg Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Friday, May 31st.

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.