In Thursday’s Wall Street session, WK Kellogg Co (NYSE:KLG) shares traded at $19.53, up 3.39% from the previous session.
KLG stock price is now 1.53% away from the 50-day moving average and 8.60% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
With the price target of $18, Morgan Stanley recently initiated with Underweight rating for WK Kellogg Co (NYSE: KLG). On January 08, 2025, TD Cowen Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock keeping its target price maintained at $16, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Gund G Zachary, Director bought 55,000 shares of the company’s stock on Nov 15 ’24. The stock was bought for $946,082 at an average price of $17.20. Upon completion of the transaction, the Director now directly owns 250,000 shares in the company, valued at $4.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 12 ’24, Director Gund G Zachary bought 65,000 shares of the business’s stock. A total of $1,165,801 was incurred on buying the stock at an average price of $17.94. This leaves the insider owning 65,000 shares of the company worth $1.27 million. A total of 27.64% of the company’s stock is owned by insiders.
During the past 12 months, WK Kellogg Co has had a low of $15.17 and a high of $24.63. As of last week, the company has a debt-to-equity ratio of 2.04, a current ratio of 0.74, and a quick ratio of 0.32. According to the stock market information, the enterprise value for the company is $2289426688, which is based on a 23.83 price-to-earnings ratio, a 2.85 price-to-earnings-growth ratio, and a beta of 0.91. The fifty day moving average price for KLG is $19.2362 and a two-hundred day moving average price translates $17.9834 for the stock.
The latest earnings results from WK Kellogg Co (NYSE: KLG) was released for 2024-12-28. The net profit margin was 2.66% and return on equity was 23.34% for KLG. The company reported revenue of $640.0 million for the quarter, compared to $651.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.69 percent.
