While WK Kellogg Co has overperformed by 1.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KLG rose by 22.86%, with highs and lows ranging from $24.63 to $12.32, whereas the simple moving average fell by -13.94% in the last 200 days.
On January 08, 2025, TD Cowen Downgraded WK Kellogg Co (NYSE: KLG) to Sell. A report published by BofA Securities on July 10, 2024, Downgraded its rating to ‘Underperform’ for KLG. Exane BNP Paribas also Downgraded KLG shares as ‘Underperform’, setting a target price of $20 on the company’s shares in a report dated May 08, 2024. Morgan Stanley Initiated an Equal-Weight rating on December 14, 2023, and assigned a price target of $13. Evercore ISI initiated its ‘In-line’ rating for KLG, as published in its report on November 13, 2023. Barclays’s report from November 06, 2023 suggests a price prediction of $11 for KLG shares, giving the stock a ‘Underweight’ rating. JP Morgan also rated the stock as ‘Neutral’.
Analysis of WK Kellogg Co (KLG)
It’s important to note that KLG shareholders are currently getting $0.64 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -0.43%, showing a negative trend in the upcoming months.
WK Kellogg Co’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 26.56% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.34, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and KLG is registering an average volume of 977.54K. On a monthly basis, the volatility of the stock is set at 4.13%, whereas on a weekly basis, it is put at 4.57%, with a loss of -9.09% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.12, showing growth from the present price of $15.91, which can serve as yet another indication of whether KLG is worth investing in or should be passed over.
How Do You Analyze WK Kellogg Co Shares?
A giant in the Packaged Foods market, WK Kellogg Co (KLG) is based in the USA. When comparing WK Kellogg Co shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.45, there is a growth in quarterly earnings of -126.08%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 24.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.62% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KLG shares are owned by institutional investors to the tune of 71.62% at present.
