While WK Kellogg Co has underperformed by -9.48%, investors are advised to look at stock chart patterns for technical insight.
On May 08, 2024, Exane BNP Paribas Downgraded WK Kellogg Co (NYSE: KLG) to Underperform. A report published by Morgan Stanley on December 14, 2023, Initiated its previous ‘Equal-Weight’ rating for KLG. Evercore ISI also rated KLG shares as ‘In-line’, setting a target price of $13 on the company’s shares in an initiating report dated November 13, 2023. Barclays Initiated an Underweight rating on November 06, 2023, and assigned a price target of $11. JP Morgan initiated its ‘Neutral’ rating for KLG, as published in its report on November 02, 2023. TD Cowen’s report from October 18, 2023 suggests a price prediction of $11 for KLG shares, giving the stock a ‘Market Perform’ rating. BofA Securities also rated the stock as ‘Neutral’.
Analysis of WK Kellogg Co (KLG)
KLG currently pays a dividend of $0.32 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 4.59%, showing a positive trend in the upcoming months.
In order to gain a clear picture of WK Kellogg Co’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.43, 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.
An average volume of 1.21M can be a very valuable indicator of volatility for KLG stock. On a monthly basis, the volatility of the stock is set at 4.36%, whereas on a weekly basis, it is put at 4.91%, with a loss of -7.69% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.16, showing growth from the present price of $21.97, 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?
In addition to the fundamentals, you should also consider 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 24.28%. 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 62.52% 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 62.52% at present.
