WK Kellogg Stock News

WK Kellogg Co (KLG Q3 2024 Results Conference Call November 7, 2024 9:30 AM ET Company Participants Karen Duke - Vice President, Finance and IR Gary Pilnick - Chairman and CEO Dave McKinstray - Chief Financial Officer Conference Call Participants Kenneth Goldman - JPMorgan Peter Galbo - Bank of America Andrew Lazar - Barclays David Palmer - Evercore ISI Max Gumport - BNP Paribas Robert Moskow -...

WK Kellogg Co.'s stock rose 9% Thursday after the cereal giant beat analyst estimates for third-quarter adjusted profit and revenue.

WK Kellogg beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by robust consumer demand for its ready-to-eat cereals, including Froot Loops and Apple Jacks.

BATTLE CREEK, Mich. , Nov. 7, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 third quarter results in documents posted to the company website at https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx.

BATTLE CREEK, Mich. , Oct. 31, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today announced that its Board of Directors declared a dividend of $0.16 per share on the common stock of WK Kellogg Co, payable on December 13, 2024, to shareowners of record at the close of business on November 29, 2024.

WK Kellogg, a mid-cap consumer staples stock, is undervalued with a forward P/E of 11.58x, a 3.63% dividend yield, and a $500M supply chain modernization plan. The company was spun off from Kellanova, aiming to streamline operations and expand EBITDA margins from 9% to 14% by 2026 through facility optimizations. Despite volume declines and negative free cash flow, KLG's gross margin improvement...

These three high-yield dividend stocks offer attractive valuations and potential for long-term income growth.

BATTLE CREEK, Mich. , Oct. 16, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Thursday, November 7, 2024, at 9:30 a.m.