While WK Kellogg Co has underperformed by -0.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KLG rose by 29.95%, with highs and lows ranging from $24.63 to $14.37, whereas the simple moving average jumped by 6.92% 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)
Investors in WK Kellogg Co will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.65 per share. Further, the quarter-over-quarter decrease in sales is -1.69%, showing a negative trend in the upcoming months.
One of the most important indicators of WK Kellogg Co’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 23.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.32, 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 also provide valuable insight into volatility, and KLG is recording 1.06M average volume. On a monthly basis, the volatility of the stock is set at 4.75%, whereas on a weekly basis, it is put at 3.22%, with a loss of -3.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.12, showing decline from the present price of $19.05, 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?
The Packaged Foods market is dominated by WK Kellogg Co (KLG) 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 23.24, there is a growth in quarterly earnings of 23.80%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 27.66%. 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 79.74% 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 79.74% at present.
