WK Kellogg Co (NYSE: KLG) is 42.00% higher on its value in year-to-date trading and has touched a low of $14.80 and a high of $22.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KLG stock was last observed hovering at around $22.86 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $22.89, the stock is 35.28% and 34.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.89 million and changing 0.13% at the moment leaves the stock 27.24% off its SMA200. KLG registered 27.24% gain for a year compared to 6-month loss of 30.80%. The firm has a 50-day simple moving average (SMA 50) of $17.007 and a 200-day simple moving average (SMA200) of $17.9891.
The stock witnessed a 42.88% gain in the last 1 month and extending the period to 3 months gives it a 20.79%, and is 30.65% up 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 3.62% over the week and 3.68% over the month.
WK Kellogg Co (KLG) has around 3280 employees, a market worth around $1.98B and $2.66B in sales. Current P/E ratio is 35.50 and Fwd P/E is 14.59. Profit margin for the company is 2.14%. Distance from 52-week low is 54.66% and -0.30% from its 52-week high. The company has generated returns on investments over the last 12 months (6.14%).
The EPS is expected to shrink by -13.03% this year.
WK Kellogg Co (KLG) Top Institutional Holders
521.0 institutions hold shares in WK Kellogg Co (KLG), with institutional investors hold 116.19% of the company’s shares. The shares outstanding are 86.15M, and float is at 80.36M with Short Float at 12.62%. Institutions hold 101.08% 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’sDirector. 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).
