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KLG

WK Kellogg Co

https://www.unleashingourpotential.com/en/wk-kellogg-co

Industry

Packaged Foods

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It offers 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. The company was incorporated in 2022 and is based in Battle Creek, Michigan.

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Mars, Inc. is set to acquire Kellanova (NYSE:K) for $35.9 billion, valuing the company at $83.50 per share, a 44% premium over its 30-day average trading price. The deal, which includes all of Kellanova's brands and operations, is expected to close in the first half of 2025, pending shareholder and regulatory approvals. Kellanova shares rose 7.54% premarket following the announcement.

Portfolio Pulse from Lekha Gupta

August 14, 2024 | 12:14 pm

JP Morgan analyst Ken Goldman maintains a Neutral rating on WK Kellogg (NYSE:KLG) and lowers the price target from $22 to $17.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:25 pm

WK Kellogg shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:15 pm

WK Kellogg Co (NYSE:KLG) shares are trading lower after the company reported Q2 earnings that missed expectations. The company plans a $390M investment and 550 layoffs as part of a restructuring strategy. Despite the shortfall, WK Kellogg reaffirms its FY24 guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 06, 2024 | 2:42 pm

WK Kellogg (NYSE:KLG) reported Q2 2024 earnings of $0.36 per share, missing the analyst estimate of $0.40. Sales were $672 million, slightly below the $672.636 million estimate. Despite the miss, EPS increased by 12.5% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 12:33 pm

Stifel analyst Matthew Smith maintains a Hold rating on WK Kellogg (NYSE:KLG) and lowers the price target from $22 to $18.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 2:23 pm

Barclays analyst Andrew Lazar maintains an Underweight rating on WK Kellogg (NYSE:KLG) and lowers the price target from $19 to $16.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 7:05 pm

The article highlights four oversold stocks in the consumer staples sector that may present buying opportunities in Q2. These stocks include Tyson Foods Inc (TSN), Estee Lauder Companies Inc (EL), WK Kellogg Co (KLG), and Dollar Tree Inc (DLTR). Each company has experienced significant stock price declines and has an RSI value near or below 30, indicating potential undervaluation.

Portfolio Pulse from Avi Kapoor

June 17, 2024 | 12:03 pm

Barclays analyst Andrew Lazar has maintained an Underweight rating on WK Kellogg (NYSE:KLG) and increased the price target from $15 to $19.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:45 pm

WK Kellogg shares are trading lower following a downgrade from Exane BNP Paribas, moving from Neutral to Underperform with a new price target of $20.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 5:10 pm

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