WINTON GROUP Ltd Has $5.03 Million Holdings in WK Kellogg Co (NYSE:KLG)

WINTON GROUP Ltd lifted its position in shares of WK Kellogg Co (NYSE:KLG) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,639 shares of the company’s stock after purchasing an additional 646 shares during the quarter. WINTON GROUP Ltd’s holdings in WK Kellogg were worth $5,031,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KLG. Halbert Hargrove Global Advisors LLC acquired a new position in WK Kellogg during the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of WK Kellogg during the fourth quarter worth about $36,000. Wealthfront Advisers LLC acquired a new stake in shares of WK Kellogg in the 4th quarter worth about $44,000. GAMMA Investing LLC raised its holdings in shares of WK Kellogg by 49.4% in the 4th quarter. GAMMA Investing LLC now owns 2,823 shares of the company’s stock worth $51,000 after acquiring an additional 933 shares during the last quarter. Finally, Spire Wealth Management bought a new position in WK Kellogg in the 4th quarter valued at about $56,000. 95.74% of the stock is currently owned by institutional investors.

WK Kellogg Trading Up 2.8 %

Shares of WK Kellogg stock opened at $19.08 on Thursday. The stock has a fifty day moving average price of $18.41 and a 200-day moving average price of $18.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.32. The firm has a market cap of $1.64 billion, a PE ratio of 23.55, a P/E/G ratio of 2.01 and a beta of 0.30. WK Kellogg Co has a 1 year low of $15.17 and a 1 year high of $24.63.

WK Kellogg (NYSE:KLG) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. WK Kellogg had a net margin of 2.66% and a return on equity of 39.81%. Equities research analysts anticipate that WK Kellogg Co will post 1.57 EPS for the current year.

WK Kellogg Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Friday, February 28th. This is a boost from WK Kellogg’s previous quarterly dividend of $0.16. WK Kellogg’s payout ratio is 81.48%.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus decreased their price objective on WK Kellogg from $19.00 to $18.00 and set a “hold” rating for the company in a report on Friday, January 24th. Jefferies Financial Group decreased their price target on WK Kellogg from $19.00 to $16.00 and set a “hold” rating for the company in a report on Tuesday, January 28th. Barclays dropped their price objective on WK Kellogg from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, January 17th. TD Cowen lowered shares of WK Kellogg from a “hold” rating to a “sell” rating and reduced their target price for the stock from $18.00 to $16.00 in a research note on Wednesday, January 8th. Finally, Morgan Stanley assumed coverage on shares of WK Kellogg in a report on Monday. They issued an “underweight” rating and a $18.00 target price for the company. Five research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, WK Kellogg currently has a consensus rating of “Reduce” and a consensus target price of $17.89.

WK Kellogg 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.