WK Kellogg (NYSE:KLG – Get Free Report) had its target price boosted by research analysts at Evercore ISI from $21.00 to $23.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 3.63% from the company’s previous close.
A number of other equities analysts have also commented on the stock. Stifel Nicolaus lifted their price target on shares of WK Kellogg from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Wednesday. Barclays upped their price target on WK Kellogg from $12.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, April 12th. Finally, BNP Paribas downgraded WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Wednesday. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.95.
Check Out Our Latest Research Report on KLG
WK Kellogg Trading Up 1.0 %
WK Kellogg (NYSE:KLG – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. The company had revenue of $707.00 million for the quarter, compared to the consensus estimate of $697.83 million. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that WK Kellogg will post 1.51 earnings per share for the current year.
Institutional Trading of WK Kellogg
A number of hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp purchased a new stake in shares of WK Kellogg during the 3rd quarter valued at $685,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in WK Kellogg in the third quarter valued at approximately $1,657,000. Diversified Trust Co bought a new stake in shares of WK Kellogg in the fourth quarter valued at approximately $147,000. Daymark Wealth Partners LLC bought a new position in WK Kellogg in the 4th quarter worth approximately $976,000. Finally, Nordea Investment Management AB bought a new stake in WK Kellogg during the 4th quarter valued at $2,119,000. 95.74% of the stock is currently owned by institutional investors.
WK Kellogg Company 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.
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