Is WK Kellogg Co (NYSE: KLG) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted WK Kellogg Co Announces Strong Fourth Quarter and Full Year 2023 Financial Results, and increased 2024 EBITDA Guidance.

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Stocks Info

This NYSE-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. The current market capitalization of WK Kellogg Co is $1.61B. A total of 1.03 million shares were traded on the day, compared to an average of 1.14M shares.

In the most recent transaction, MURGUIA RAMON bought 1,000 shares of KLG for 14.64 per share on Feb 28 ’24. After the transaction, the Director now owns 10,860 company shares. In a previous transaction on Nov 22 ’23, Brice Sherry bought 3,150 shares at 11.75 per share. KLG shares that Chief Supply Chain Officer owns now total 9,335.

Among the insiders who bought shares, Brice Sherry acquired of 5,580 shares on Nov 14 ’23 at a per-share price of $10.77. This resulted in the Chief Supply Chain Officer holding 6,185 shares of KLG after the transaction. In another insider transaction, Barnes-Euresti Norma bought 4,675 shares at $10.67 per share on Nov 14 ’23. Company shares held by the CLO and Secretary now total 7,738.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. KLG’s most recent ex-dividend date was 2/29/2024 when it declared a $0.16 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The KLG stock dividend was $0.16 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, KLG has a high of $21.00 and a low of $9.65.

As of this writing, KLG has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.29. The company reported an EPS of $0.49 in the last quarter, which was 88.50% higher than expectations of $0.26.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. KLG’s latest balance sheet shows that the firm has $0.00 in Cash & Short Term Investments as of fiscal 2021. There were $8.00M in debt and $560.00M in liabilities at the time. Its Book Value Per Share was $3.50, while its Total Shareholder’s Equity was $570.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KLG is Buy with a score of 2.78.

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