WK Kellogg (KLG) Stock Price, News & Analysis

$20.95
-0.44 (-2.06%)
(As of 05/17/2024 ET)
Today's Range
$20.63
$21.48
50-Day Range
$14.47
$24.34
52-Week Range
$9.65
$24.63
Volume
937,257 shs
Average Volume
1.14 million shs
Market Capitalization
$1.80 billion
P/E Ratio
N/A
Dividend Yield
3.05%
Price Target
$16.95

WK Kellogg MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.70 Rating Score
Upside/​Downside
19.1% Downside
$16.95 Price Target
Short Interest
Bearish
9.76% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of WK Kellogg in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$14,640 Bought Last Quarter
Proj. Earnings Growth
5.16%
From $1.55 to $1.63 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.21 out of 5 stars

Consumer Staples Sector

120th out of 137 stocks

Grain Mill Products Industry

6th out of 6 stocks

KLG stock logo

About WK Kellogg Stock (NYSE:KLG)

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. The company was incorporated in 2022 and is headquartered in Battle Creek, Michigan.

KLG Stock Price History

KLG Stock News Headlines

WK Kellogg On Strong Growth Trajectory
WK Kellogg (NYSE:KLG) PT Raised to $19.00 at Barclays
WK Kellogg (NYSE:KLG) Stock Rating Lowered by BNP Paribas
WK Kellogg Co Q1 income increases in line with estimates
WK Kellogg Co to Host Conference Call on May 7
WK Kellogg Co to Host Annual Shareholders Meeting
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
5/07/2024
Today
5/17/2024
Ex-Dividend for 6/14 Dividend
5/31/2024
Dividend Payable
6/14/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Grain mill products
Sub-Industry
N/A
Fax
N/A
Employees
3,150
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.95
High Stock Price Target
$24.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-19.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$2.06 per share
Book Value
$3.69 per share

Miscellaneous

Free Float
85,105,000
Market Cap
$1.80 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Gary H. Pilnick (Age 60)
    Chairman & CEO
    Comp: $2.56M
  • Mr. David McKinstray (Age 38)
    Chief Financial Officer
    Comp: $983.63k
  • Mr. Bruce Brown (Age 59)
    Chief Customer Officer
    Comp: $961.71k
  • Mr. Doug Vandevelde (Age 57)
    Chief Growth Officer
    Comp: $1.16M
  • Ms. Sherry Brice-Williamson (Age 47)
    Chief Supply Chain Officer
    Comp: $793.42k
  • Ms. Lisa Walter (Age 51)
    Chief Accounting Officer
  • Bill Rex
    Chief Information Officer
  • Ms. Norma Barnes-Euresti (Age 55)
    Chief Legal Officer & Secretary
  • Mr. Mike Christensen
    Chief Human Resources Officer
  • Ms. Shannon Bible
    Chief Transformation Officer

KLG Stock Analysis - Frequently Asked Questions

Should I buy or sell WK Kellogg stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for WK Kellogg in the last twelve months. There are currently 3 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" KLG shares.
View KLG analyst ratings
or view top-rated stocks.

What is WK Kellogg's stock price target for 2024?

10 analysts have issued 12 month price objectives for WK Kellogg's shares. Their KLG share price targets range from $11.00 to $24.00. On average, they predict the company's stock price to reach $16.95 in the next year. This suggests that the stock has a possible downside of 19.1%.
View analysts price targets for KLG
or view top-rated stocks among Wall Street analysts.

How have KLG shares performed in 2024?

WK Kellogg's stock was trading at $13.14 on January 1st, 2024. Since then, KLG shares have increased by 59.4% and is now trading at $20.95.
View the best growth stocks for 2024 here
.

Are investors shorting WK Kellogg?

WK Kellogg saw a increase in short interest in April. As of April 30th, there was short interest totaling 6,330,000 shares, an increase of 10.1% from the April 15th total of 5,750,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 5.2 days. Currently, 9.8% of the company's stock are short sold.
View WK Kellogg's Short Interest
.

When is WK Kellogg's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our KLG earnings forecast
.

How were WK Kellogg's earnings last quarter?

WK Kellogg Co (NYSE:KLG) announced its quarterly earnings data on Tuesday, May, 7th. The company reported $0.37 earnings per share for the quarter, hitting analysts' consensus estimates of $0.37. The firm earned $707 million during the quarter, compared to the consensus estimate of $697.83 million. The company's quarterly revenue was down .7% compared to the same quarter last year.

How often does WK Kellogg pay dividends? What is the dividend yield for WK Kellogg?

WK Kellogg declared a quarterly dividend on Thursday, May 2nd. Stockholders of record on Friday, May 31st will be paid a dividend of $0.16 per share on Friday, June 14th. This represents a $0.64 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Friday, May 31st.
Read our dividend analysis for KLG
.

Is WK Kellogg a good dividend stock?

WK Kellogg (NYSE:KLG) pays an annual dividend of $0.64 per share and currently has a dividend yield of 3.06%.
Read our dividend analysis for KLG.

What ETFs hold WK Kellogg's stock?
What guidance has WK Kellogg issued on next quarter's earnings?

WK Kellogg updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.7 billion-$2.8 billion, compared to the consensus revenue estimate of $2.7 billion.

Who are WK Kellogg's major shareholders?

WK Kellogg's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.18%), London & Capital Asset Management Ltd (0.82%), Private Management Group Inc. (0.79%), Rodgers Brothers Inc. (0.73%), Jupiter Asset Management Ltd. (0.62%) and Jacobs Levy Equity Management Inc. (0.56%). Insiders that own company stock include David Mckinstray, Doug Vandevelde, Gary H Pilnick, Ramon Murguia and Sherry Brice.
View institutional ownership trends
.

How do I buy shares of WK Kellogg?

Shares of KLG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:KLG) was last updated on 5/17/2024 by MarketBeat.com Staff

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