111 Capital Invests $851,000 in The Kroger Co. $KR

Key Points

• 111 Capital invested approximately $851,000 in The Kroger Co., acquiring 11,863 shares in the second quarter.
• The Kroger Co. reported an EPS of $1.04 for the latest quarter, exceeding analysts' expectations by $0.04, with revenues reaching $33.94 billion.
• Kroger has announced a quarterly dividend of $0.35, with a 2.1% yield, and plans to pay it on December 1st to shareholders on record by November 14th.

111 Capital acquired a new position in shares of The Kroger Co. (NYSE:KR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,863 shares of the company's stock, valued at approximately $851,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new stake in Kroger in the 1st quarter worth approximately $25,000. SOA Wealth Advisors LLC. grew its stake in shares of Kroger by 6,840.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company's stock valued at $25,000 after buying an additional 342 shares during the period. Garde Capital Inc. purchased a new stake in shares of Kroger during the 1st quarter valued at $31,000. Capital Analysts LLC purchased a new stake in shares of Kroger during the 1st quarter valued at $36,000. Finally, Sound Income Strategies LLC grew its stake in shares of Kroger by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company's stock valued at $37,000 after buying an additional 175 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kroger news, Director Clyde R. Moore sold 26,814 shares of the business's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $70.50, for a total value of $1,890,387.00. Following the transaction, the director owned 99,143 shares in the company, valued at $6,989,581.50. The trade was a 21.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is owned by corporate insiders.

Kroger Stock Performance

Shares of KR stock opened at $66.30 on Friday. The Kroger Co. has a 12 month low of $54.88 and a 12 month high of $74.90. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.54. The firm has a market capitalization of $43.93 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.93 and a beta of 0.57. The company's fifty day moving average price is $68.75 and its two-hundred day moving average price is $69.00.

Kroger (NYSE:KR - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. Kroger had a net margin of 1.86% and a return on equity of 32.62%. The firm had revenue of $33.94 billion for the quarter, compared to analyst estimates of $34.08 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The firm's revenue was up .1% compared to the same quarter last year. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, research analysts anticipate that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Kroger's payout ratio is currently 35.53%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KR. Jefferies Financial Group set a $83.00 price objective on shares of Kroger and gave the company a "buy" rating in a research note on Monday, June 23rd. Barclays began coverage on shares of Kroger in a research note on Monday, July 21st. They set an "equal weight" rating and a $75.00 price objective for the company. Guggenheim reissued a "buy" rating and set a $78.00 price objective on shares of Kroger in a research note on Friday, September 12th. Argus set a $85.00 price objective on shares of Kroger in a research note on Thursday, September 18th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $75.00 price target (down from $82.00) on shares of Kroger in a research report on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.63.

Kroger Company Profile

The Kroger Co operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.

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