WK Kellogg Co (NYSE: KLG) stock jumped 0.18% on Monday to $11.22 against a previous-day closing price of $11.20. With 1.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $11.70 whereas the lowest price it dropped to was $11.17. The 52-week range on KLG shows that it touched its highest point at $21.00 and its lowest point at $9.65 during that stretch. It currently has a 1-year price target of $11.50. With its current market cap of 960.77 million, KLG has annualized dividend of $0.16 while the current yield stands at 1.43%.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KLG was up-trending over the past week, with a rise of 5.35%, but this was up by 10.65% over a month.
Float and Shares Shorts:
On Oct 30, 2023, short shares totaled 1.16 million, which was 1.07% higher than short shares on . In addition to Mr. Gary H. Pilnick as the firm’s CEO & Director, Mr. David McKinstray serves as its Chief Financial Officer.
Institutional Ownership:
Other institutions hold 69.76% of KLG, in contrast to 32.01% held by mutual funds. Shares owned by individuals account for 16.60%. As the largest shareholder in KLG with 17.14% of the stake, BlackRock Fund Advisors holds 14,670,284 shares worth 14,670,284. A second-largest stockholder of KLG, Northern Trust Investments, Inc., holds 13,988,125 shares, controlling over 16.34% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in KLG, holding 7,470,168 shares or 8.73% stake. With a 5.18% stake in KLG, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 4,430,400 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.34% of KLG stock, is the second-largest Mutual Fund holder. It holds 2,000,089 shares valued at 20.04 million. Vanguard Equity Income Fund holds 1.77% of the stake in KLG, owning 1,512,562 shares worth 15.16 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KLG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KLG analysts setting a high price target of $13.00 and a low target of $11.00, the average target price over the next 12 months is $11.50. Based on these targets, KLG could surge 15.86% to reach the target high and fall by -1.96% to reach the target low. Reaching the average price target will result in a growth of 2.5% from current levels.
Summary of Insider Activity:
Insiders traded KLG stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 85,630,094 shares were bought while 85,630,489 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 85,630,094 while 85,630,489 shares were sold.
