Nisa Investment Advisors LLC Purchases 6,631 Shares of WK Kellogg Co (NYSE:KLG)

Nisa Investment Advisors LLC grew its position in WK Kellogg Co (NYSE:KLG) by 75.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,433 shares of the company’s stock after buying an additional 6,631 shares during the quarter. Nisa Investment Advisors LLC’s holdings in WK Kellogg were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in WK Kellogg by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,890 shares of the company’s stock worth $32,000 after purchasing an additional 888 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of WK Kellogg by 3,575.4% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 4,484 shares of the company’s stock worth $77,000 after buying an additional 4,362 shares during the last quarter. International Assets Investment Management LLC boosted its stake in WK Kellogg by 1,724.1% in the third quarter. International Assets Investment Management LLC now owns 4,688 shares of the company’s stock valued at $80,000 after buying an additional 4,431 shares in the last quarter. nVerses Capital LLC acquired a new position in WK Kellogg during the third quarter worth about $99,000. Finally, Mackenzie Financial Corp bought a new position in shares of WK Kellogg in the second quarter worth about $183,000. Institutional investors own 95.74% of the company’s stock.

WK Kellogg Trading Up 1.2 %

KLG opened at $16.55 on Thursday. WK Kellogg Co has a twelve month low of $12.32 and a twelve month high of $24.63. The company has a fifty day moving average of $18.41 and a 200-day moving average of $17.70. The stock has a market cap of $1.43 billion, a PE ratio of 21.22 and a beta of 0.72. The company has a quick ratio of 0.34, a current ratio of 0.78 and a debt-to-equity ratio of 1.49.

WK Kellogg (NYSE:KLG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $689.00 million during the quarter, compared to analyst estimates of $674.10 million. WK Kellogg had a return on equity of 33.41% and a net margin of 2.50%. The business’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. On average, sell-side analysts predict that WK Kellogg Co will post 1.49 EPS for the current year.

Wall Street Analysts Forecast Growth

KLG has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of WK Kellogg from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, January 24th. TD Cowen downgraded WK Kellogg from a “hold” rating to a “sell” rating and cut their price objective for the company from $18.00 to $16.00 in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on WK Kellogg from $19.00 to $16.00 and set a “hold” rating for the company in a report on Tuesday. Finally, Barclays reduced their price target on WK Kellogg from $19.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Four research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $17.88.

Insider Transactions at WK Kellogg

In other WK Kellogg news, Director G Zachary Gund acquired 65,000 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $17.76 per share, for a total transaction of $1,154,400.00. Following the completion of the acquisition, the director now owns 195,000 shares in the company, valued at approximately $3,463,200. This represents a 50.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

About WK Kellogg

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.