4,650 Shares in The Kroger Co. $KR Acquired by Coordinated Financial Services Inc.

Key Points

• Coordinated Financial Services Inc. has acquired 4,650 shares of The Kroger Co., valued at approximately $334,000, marking a new position for the firm.
• Analysts have rated Kroger with an average target price of $73.63, with ten analysts giving a buy rating and ten others a hold rating.
• Kroger has announced a quarterly dividend of $0.35 per share, set to be paid on December 1st, representing a 2.1% dividend yield.

Coordinated Financial Services Inc. purchased a new position in shares of The Kroger Co. (NYSE:KR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,650 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds have also added to or reduced their stakes in KR. Accent Capital Management LLC bought a new position in Kroger during the 1st quarter worth $25,000. SOA Wealth Advisors LLC. increased its stake in Kroger by 6,840.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 347 shares of the company's stock worth $25,000 after acquiring an additional 342 shares during the period. Garde Capital Inc. bought a new position in Kroger during the 1st quarter worth $31,000. Capital Analysts LLC bought a new position in Kroger during the 1st quarter worth $36,000. Finally, Sound Income Strategies LLC increased its stake in Kroger by 46.7% during the 1st quarter. Sound Income Strategies LLC now owns 550 shares of the company's stock worth $37,000 after acquiring an additional 175 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on KR. Jefferies Financial Group set a $83.00 price objective on Kroger and gave the stock a "buy" rating in a research note on Monday, June 23rd. Evercore ISI raised their price objective on Kroger from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Roth Mkm upgraded Kroger from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $66.00 to $75.00 in a research note on Wednesday, September 17th. Guggenheim reiterated a "buy" rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $82.00 price target on shares of Kroger in a report on Thursday, September 11th. Ten analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $73.63.

Kroger Trading Down 0.9%

NYSE KR opened at $67.54 on Friday. The business's 50-day moving average price is $68.54 and its two-hundred day moving average price is $69.02. The Kroger Co. has a 12 month low of $54.88 and a 12 month high of $74.90. The firm has a market capitalization of $44.76 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 1.85.

Kroger (NYSE:KR - Get Free Report) last released its quarterly earnings results on Thursday, September 11th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Kroger had a return on equity of 32.62% and a net margin of 1.86%.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 company posted $0.93 EPS. The business's revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. On average, analysts expect that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Dividend Announcement

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

Insider Activity at Kroger

In other Kroger news, Director Clyde R. Moore sold 3,810 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $71.61, for a total value of $272,834.10. Following the sale, the director owned 85,850 shares in the company, valued at approximately $6,147,718.50. The trade was a 4.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.44% of the company's stock.

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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