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Geode Capital Management LLC boosted its stake in shares of WK Kellogg Co ( NYSE:KLG – Free Report ) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,507,713 shares of the company’s stock after purchasing an additional 38,939 shares during the period. Geode Capital Management LLC’s holdings in WK Kellogg were worth $25,802,000 at the end of the most recent reporting period. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP grew its stake in shares of WK Kellogg by 199.8% during the 3rd quarter. Royce & Associates LP now owns 71,987 shares of the company’s stock valued at $1,232,000 after purchasing an additional 47,973 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of WK Kellogg by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,112,558 shares of the company’s stock worth $19,036,000 after buying an additional 79,808 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of WK Kellogg by 12,352.1% in the third quarter. Captrust Financial Advisors now owns 1,516,417 shares of the company’s stock worth $25,946,000 after buying an additional 1,504,239 shares during the last quarter. Seven Eight Capital LP bought a new stake in WK Kellogg during the second quarter valued at approximately $577,000. Finally, Atlas Financial Advisors Inc. purchased a new stake in WK Kellogg during the third quarter valued at approximately $818,000. Hedge funds and other institutional investors own 95.74% of the company’s stock. Analysts Set New Price Targets Separately, Barclays lifted their price target on shares of WK Kellogg from $16.00 to $19.00 and gave the stock an “underweight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.71. Insider Transactions at WK Kellogg In related news, Director G Zachary Gund acquired 65,000 shares of WK Kellogg stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of $17.76 per share, for a total transaction of $1,154,400.00. Following the completion of the transaction, the director now directly owns 195,000 shares in the company, valued at approximately $3,463,200. This represents a 50.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . Corporate insiders own 0.90% of the company’s stock. WK Kellogg Trading Down 1.8 % WK Kellogg stock opened at $17.88 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.34 and a debt-to-equity ratio of 1.49. WK Kellogg Co has a 12-month low of $12.32 and a 12-month high of $24.63. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 22.92 and a beta of 0.07. The firm has a 50 day moving average of $18.66 and a 200 day moving average of $17.72. WK Kellogg ( NYSE:KLG – Get Free Report ) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. WK Kellogg had a net margin of 2.50% and a return on equity of 33.41%. The firm had revenue of $689.00 million during the quarter, compared to analysts’ expectations of $674.10 million. During the same period in the prior year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts predict that WK Kellogg Co will post 1.49 earnings per share for the current year. WK Kellogg Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.16 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.58%. WK Kellogg’s payout ratio is 82.05%. WK Kellogg Company Profile ( Free Report ) WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes 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. Featured Stories Want to see what other hedge funds are holding KLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for WK Kellogg Co ( NYSE:KLG – Free Report ). Receive News & Ratings for WK Kellogg Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WK Kellogg and related companies with MarketBeat.com's FREE daily email newsletter .The UN's marathon climate summit neared the finish line early Sunday, with nations due to approve or reject a hotly-disputed deal for wealthy historic emitters to provide at least $300 billion to poorer countries that had demanded much more. After an exhausting two weeks of negotiations in Azerbaijan's Caspian Sea capital of Baku, COP29 president Mukhtar Babayev declared open the final summit plenary after midnight, two days after the conference was officially scheduled to end. A final text was released following several sleepless nights for negotiators, with tensions boiling over as small islands states and the world's poorest countries walked out of one meeting. "This package is an affront to us. We are the countries that have the most at stake," said Tina Stege, climate envoy of the Marshall Islands, an atoll nation threatened by rising seas. Top German negotiator Jennifer Morgan told AFP that countries would be presented a "take it or leave it" deal. Before the closing session, delegates huddled in small groups on the floor of the main conference room inside Baku's sports stadium to pore over copies of the latest draft deal line by line. "I know that none of us want to leave Baku without a good outcome," Babayev said. A number of countries have accused Azerbaijan, an authoritarian oil and gas exporter, of lacking the experience and will to meet the moment, as the planet again sets temperature records and faces rising deadly disasters. Small island nations and impoverished African states on Saturday angrily stormed out of a meeting with Azerbaijan, saying their concerns had been ignored. "I think it caught a lot of people by surprise," said Brazil's climate envoy, Ana Toni. "It all happened very quickly." The walkout triggered an emergency meeting between those nations and top negotiators from the European Union, United States and Britain with the COP29 presidency in which new proposals were made. Wealthy countries and small island nations have also been concerned by efforts led by Saudi Arabia to water down calls from last year's summit to phase out fossil fuels. The final text proposes that rich nations raise to at least $300 billion a year by 2035 their commitment to poorer countries to fight climate change. It is up from $100 billion now provided by wealthy nations under a commitment set to expire -- and from $250 billion proposed in a draft Friday. That offer was slammed as offensively low by developing countries, which have demanded at least $500 billion to build resilience against climate change and cut emissions. Sierra Leone's climate minister Jiwoh Abdulai, whose country is among the world's poorest, called the draft "effectively a suicide pact for the rest of the world". Developing power Brazil pleaded for at least some progress and said it would seek to build on it when it leads COP30 next year in the Amazon gateway of Belem. "After the difficult experience that we're having here in Baku, we need to reach some outcome that is minimally acceptable in line with the emergency we're facing," Brazil's environment minister Marina Silva told delegates. As staff at the cavernous and windowless stadium began packing up, diplomats rushed between meetings, some armed with food and water in anticipation of another late night. Panama's outspoken negotiator, Juan Carlos Monterrey Gomez, warned not to repeat the failure of COP15 in Copenhagen in 2009. "I'm sad, I'm tired, I'm disheartened, I'm hungry, I'm sleep-deprived, but there is a tiny ray of optimism within me because this cannot become a new Copenhagen," he told reporters. Climate activists shouted "shame" as US climate envoy John Podesta walked the halls. "Hopefully this is the storm before the calm," he said. Wealthy nations say it is politically unrealistic to expect more in direct government funding. Donald Trump, a sceptic of both climate change and foreign assistance, returns to the White House in January and a number of other Western countries have seen right-wing backlashes against the green agenda. The draft deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources. South African Environment Minister Dion George, however, said: "I think being ambitious at this point is not going to be very useful." The United States and EU have wanted newly wealthy emerging economies like China -- the world's largest emitter -- to chip in. The final draft encouraged developing countries to make contributions on a voluntary basis, reflecting no change for China which already pays climate finance on its own terms. The EU and other countries have also tussled with Saudi Arabia over including strong language on moving away from fossil fuels, which negotiators say the oil-producing country has resisted. "We will not allow the most vulnerable, especially the small island states, to be ripped off by the new, few rich fossil fuel emitters," said German Foreign Minister Annalena Baerbock. bur-np-sct-lth/jm
Majority of Indian manufacturers are embracing technology as a catalyst of future profitability and global competitiveness. However, a significant share of companies are allocating less than 10% of their budgets to technology, according to a study by the Confederation of Indian Industry (CII). ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for India's manufacturing sector is going through a transformation, fueled by adoption of technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), robotics, and automation. This transformation can support the goal of increasing manufacturing's contribution to India's gross domestic product to 25% in the next few years, according to the report titled ' Smart Manufacturing : Unlocking India's Potential'. "By embracing these advancements, the country can gain a competitive edge globally and establish itself as a manufacturing leader," said Deepak Shetty, Chairman of the Council on Manufacturing Excellence, CII and CEO & Managing Director, JCB India Limited. The survey covered enterprises of varying sizes, ranging from ₹5 crore to over ₹24,000 crore. In the next two years, sectors aim to allocate 11-15% of their budgets towards technology investments to boost efficiency and innovation, the report mentioned. 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The manufacturing sector is undergoing a transformative moment, where advanced technologies are reshaping processes and addressing challenges like supply chain visibility to drive industrial excellence, said Deepak Jain, Co-Chair of the Council on Manufacturing Excellence, CII and Chairman, Lumax Group. The report also outlined several barriers to technology adoption. Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )
Abortions are up in the US. It's a complicated picture as women turn to pills, travelFranklin Resources Inc. Purchases 21,660 Shares of NexPoint Residential Trust, Inc. (NYSE:NXRT)For Makenzie Gilkison, spelling is such a struggle that a word like rhinoceros might come out as “rineanswsaurs” or sarcastic as “srkastik.” The 14-year-old from suburban Indianapolis can sound out words, but her dyslexia makes the process so draining that she often struggles with comprehension. “I just assumed I was stupid,” she recalled of her early grade school years. But assistive technology powered by artificial intelligence has helped her keep up with classmates. Last year, Makenzie was named to the National Junior Honor Society. She credits a customized AI-powered chatbot, a word prediction program and other tools that can read for her. “I would have just probably given up if I didn’t have them,” she said. Artificial intelligence holds the promise of helping countless other students with a range of visual, speech, language and hearing impairments to execute tasks that come easily to others. Schools everywhere have been wrestling with how and where to incorporate AI , but many are fast-tracking applications for students with disabilities. Getting the latest technology into the hands of students with disabilities is a priority for the U.S. Education Department, which has told schools they must consider whether students need tools like text-to-speech and alternative communication devices. New rules from the Department of Justice also will require schools and other government entities to make apps and online content accessible to those with disabilities. There is concern about how to ensure students using it — including those with disabilities — are still learning. Students can use artificial intelligence to summarize jumbled thoughts into an outline, summarize complicated passages, or even translate Shakespeare into common English. And computer-generated voices that can read passages for visually impaired and dyslexic students are becoming less robotic and more natural. “I’m seeing that a lot of students are kind of exploring on their own, almost feeling like they’ve found a cheat code in a video game,” said Alexis Reid, an educational therapist in the Boston area who works with students with learning disabilities. But in her view, it is far from cheating : “We’re meeting students where they are.” Ben Snyder, a 14-year-old freshman from Larchmont, New York, who was recently diagnosed with a learning disability, has been increasingly using AI to help with homework. “Sometimes in math, my teachers will explain a problem to me, but it just makes absolutely no sense,” he said. “So if I plug that problem into AI, it’ll give me multiple different ways of explaining how to do that.” He likes a program called Question AI. Earlier in the day, he asked the program to help him write an outline for a book report — a task he completed in 15 minutes that otherwise would have taken him an hour and a half because of his struggles with writing and organization. But he does think using AI to write the whole report crosses a line. “That’s just cheating,” Ben said. Schools have been trying to balance the technology’s benefits against the risk that it will do too much. If a special education plan sets reading growth as a goal, the student needs to improve that skill. AI can’t do it for them, said Mary Lawson, general counsel at the Council of the Great City Schools. But the technology can help level the playing field for students with disabilities, said Paul Sanft, director of a Minnesota-based center where families can try out different assistive technology tools and borrow devices. “There are definitely going to be people who use some of these tools in nefarious ways. That’s always going to happen,” Sanft said. “But I don’t think that’s the biggest concern with people with disabilities, who are just trying to do something that they couldn’t do before.” Another risk is that AI will track students into less rigorous courses of study. And, because it is so good at identifying patterns , AI might be able to figure out a student has a disability. Having that disclosed by AI and not the student or their family could create ethical dilemmas, said Luis Pérez, the disability and digital inclusion lead at CAST, formerly the Center for Applied Specialized Technology. Schools are using the technology to help students who struggle academically, even if they do not qualify for special education services. In Iowa, a new law requires students deemed not proficient — about a quarter of them — to get an individualized reading plan. As part of that effort, the state’s education department spent $3 million on an AI-driven personalized tutoring program. When students struggle, a digital avatar intervenes. More AI tools are coming soon. The U.S. National Science Foundation is funding AI research and development. One firm is developing tools to help children with speech and language difficulties. Called the National AI Institute for Exceptional Education, it is headquartered at the University of Buffalo, which did pioneering work on handwriting recognition that helped the U.S. Postal Service save hundreds of millions of dollars by automating processing. “We are able to solve the postal application with very high accuracy. When it comes to children’s handwriting, we fail very badly,” said Venu Govindaraju, the director of the institute. He sees it as an area that needs more work, along with speech-to-text technology, which isn’t as good at understanding children’s voices, particularly if there is a speech impediment. Sorting through the sheer number of programs developed by education technology companies can be a time-consuming challenge for schools. Richard Culatta, CEO of the International Society for Technology in Education, said the nonprofit launched an effort this fall to make it easier for districts to vet what they are buying and ensure it is accessible. Makenzie wishes some of the tools were easier to use. Sometimes a feature will inexplicably be turned off, and she will be without it for a week while the tech team investigates. The challenges can be so cumbersome that some students resist the technology entirely. But Makenzie’s mother, Nadine Gilkison, who works as a technology integration supervisor at Franklin Township Community School Corporation in Indiana, said she sees more promise than downside. In September, her district rolled out chatbots to help special education students in high school. She said teachers, who sometimes struggled to provide students the help they needed, became emotional when they heard about the program. Until now, students were reliant on someone to help them, unable to move ahead on their own. “Now we don’t need to wait anymore,” she said. This story corrects that Pérez works for CAST, formerly the Center for Applied Specialized Technology, not the Center for Accessible Technology. The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org . Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!
Premier League leaders Liverpool ruthlessly exploited another slip by their title rivals to move seven points clear with a match in hand after a 3-1 win over Leicester. Chelsea’s surprise defeat at home to Fulham earlier in the day had been an unexpected gift for Arne Slot’s side and they drove home their advantage by outclassing the struggling Foxes. Having overcome the early setback of conceding to Jordan Ayew, with even the travelling fans expressing their surprise they were winning away after taking just five points on the road this season, the home team had too much quality. That was personified by the excellent Cody Gakpo, whose eighth goal in his last 14 appearances produced the equaliser in first-half added time with the Netherlands international unlucky to have a second ruled out for offside by VAR. Further goals from Curtis Jones and Mohamed Salah, with his 19th of the season, stretched Liverpool’s unbeaten run to 22 matches. For Leicester, who had slipped into the bottom three after Wolves’ win over Manchester United, it is now one win from the last 10 in the league and Ruud van Nistelrooy has plenty of work to do, although he was not helped here by the absence of leading scorer Jamie Vardy through injury. It looked liked Liverpool meant business from the off with Salah’s volley from Gakpo’s far-post cross just being kept out by Jakub Stolarczyk, making his league debut after former Liverpool goalkeeper Danny Ward was omitted from the squad having struggled in the defeat to Wolves. But if the hosts thought that had set the tone they were badly mistaken after being opened up with such simplicity in only the sixth minute. Stephy Mavididi broke down the left and his low cross picked out Ayew, who turned Andy Robertson far too easily, with his shot deflecting off Virgil van Dijk to take it just out of Alisson Becker’s reach. With a surprise lead to cling to Leicester knew they had to quell the storm heading their way and they began by trying to take as much time out of the game as they could, much to Anfield’s frustration. It took a further 18 minutes for Liverpool to threaten with Gakpo cutting in from the left to fire over, a precursor for what was to follow just before half-time. That was the prompt for the attacks to rain down on the Foxes goal, with Salah’s shot looping up off Victor Kristiansen and landing on the roof of the net and Robertson heading against a post. Gakpo’s inclination to come in off the left was proving a problem for the visitors, doing their utmost to resist the pressure, but when Salah curled a shot onto the crossbar on the stroke of half-time it appeared they had survived. However, Gakpo once again drifted in off the flank to collect an Alexis Mac Allister pass before curling what is fast becoming his trademark effort over Stolarczyk and inside the far post. Early the second half Darwin Nunez fired over Ryan Gravenberch’s cross before Jones side-footed home Mac Allister’s cross after an intricate passing move inside the penalty area involving Nunez, Salah and the Argentina international. Leicester’s ambition remained limited but Patson Daka should have done better from a two-on-one counter attack with Mavididi but completely missed his kick with the goal looming. 🎯 — Liverpool FC (@LFC) Nunez forced a save out of the goalkeeper before Gakpo blasted home what he thought was his second only for VAR to rule Nunez was offside in the build-up. But Liverpool’s third was eventually delivered by the left foot of Salah, who curled the ball outside Kristiansen, inside Jannick Vestergaard and past Stolarczyk inside the far post.