WK Kellogg Co (NYSE: KLG) is -13.01% lower on its value in year-to-date trading and has touched a low of $14.80 and a high of $22.21 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KLG stock was last observed hovering at around $15.73 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $15.65, the stock is -8.65% and -13.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -0.51% at the moment leaves the stock -13.63% off its SMA200. KLG registered -15.50% loss for a year compared to 6-month loss of -26.70%. The firm has a 50-day simple moving average (SMA 50) of $18.0978 and a 200-day simple moving average (SMA200) of $18.1197.
The stock witnessed a -12.72% gain in the last 1 month and extending the period to 3 months gives it a -17.85%, and is -8.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.02% over the week and 2.13% over the month.
WK Kellogg Co (KLG) has around 3280 employees, a market worth around $1.35B and $2.66B in sales. Current P/E ratio is 24.27 and Fwd P/E is 9.20. Profit margin for the company is 2.14%. Distance from 52-week low is 5.74% and -29.54% from its 52-week high. The company has generated returns on investments over the last 12 months (6.14%).
with sales reaching $653.36M over the same period.The EPS is expected to shrink by -10.29% this year, but quarterly earnings will post -1.64% year-over-year. Quarterly sales are estimated to shrink -2.77% in year-over-year returns.
525.0 institutions hold shares in WK Kellogg Co (KLG), with institutional investors hold 116.17% of the company’s shares. The shares outstanding are 86.15M, and float is at 62.38M with Short Float at 18.33%. Institutions hold 101.06% of the Float.
The top institutional shareholder in the company is KELLOGG W K FOUNDATION TRUST with over 13.51 million shares valued at $$222.29 million. The investor’s holdings represent 15.7037 of the KLG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.02 million shares valued at $$164.85 million to account for 11.6457 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.68 million shares representing 6.6043 and valued at over $$93.49 million, while KEYBANK NATIONAL ASSOCIATION/OH holds 5.8175 of the shares totaling 5.0 million with a market value of $$82.35 million.
WK Kellogg Co (KLG) Insider Activity
The most recent transaction is an insider purchase by Gund G Zachary, the company’s Director. SEC filings show that Gund G Zachary bought 55,000 shares of the company’s common stock on Nov 15 ’24 at a price of $17.20 per share for a total of $0.95 million. Following the purchase, the insider now owns 0.25 million shares.
WK Kellogg Co disclosed in a document filed with the SEC on Nov 12 ’24 that Gund G Zachary (Director) bought a total of 65,000 shares of the company’s common stock. The trade occurred on Nov 12 ’24 and was made at $17.94 per share for $1.17 million. Following the transaction, the insider now directly holds 65000.0 shares of the KLG stock.
Still, SEC filings show that on Nov 14 ’24, Gund G Zachary (Director) acquired 65,000 shares at an average price of $17.76 for $1.15 million. The insider now directly holds 195,000 shares of WK Kellogg Co (KLG).
