71,989 Shares in WK Kellogg Co (NYSE:KLG) Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System purchased a new position in WK Kellogg Co (NYSE:KLG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 71,989 shares of the company's stock, valued at approximately $946,000. New York State Teachers Retirement System owned about 0.08% of WK Kellogg at the end of the most recent quarter.

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Several other hedge funds have also made changes to their positions in KLG. Canal Insurance CO bought a new stake in WK Kellogg during the 4th quarter valued at $26,000. S.A. Mason LLC bought a new stake in WK Kellogg during the 4th quarter valued at $30,000. Fifth Third Bancorp bought a new stake in WK Kellogg during the 4th quarter valued at $32,000. Financiere des Professionnels Fonds d investissement inc. bought a new stake in WK Kellogg during the 4th quarter valued at $36,000. Finally, International Assets Investment Management LLC bought a new stake in WK Kellogg during the 4th quarter valued at $44,000. Institutional investors own 95.74% of the company's stock.

WK Kellogg Price Performance

Shares of NYSE KLG opened at $21.76 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.43 and a current ratio of 0.84. The stock's fifty day simple moving average is $17.05 and its 200 day simple moving average is $13.67. WK Kellogg Co has a 52-week low of $9.65 and a 52-week high of $22.08.

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WK Kellogg (NYSE:KLG - Get Free Report) last issued its earnings results 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 company had revenue of $651.00 million during the quarter, compared to analyst estimates of $645.87 million. The business's revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts predict that WK Kellogg Co will post 1.51 earnings per share for the current year.

WK Kellogg Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.94%.

Analyst Upgrades and Downgrades

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A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on WK Kellogg from $11.00 to $13.00 and gave the stock a "hold" rating in a research note on Thursday, January 25th. Barclays boosted their price objective on WK Kellogg from $12.00 to $15.00 and gave the stock an "underweight" rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $12.75.

Check Out Our Latest Stock Analysis on KLG

About WK Kellogg

(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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