The Kroger Co. $KR Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in The Kroger Co. by 1.6%, selling 63,657 shares, leaving them with approximately 3.88 million shares valued at $271.98 million.
• Insiders at Kroger have sold a total of 198,948 shares in recent months, amounting to over $14 million in transactions, indicating notable insider selling activities.
• Kroger recently announced an increase in its quarterly dividend from $0.32 to $0.35 per share, reflecting a 2.1% dividend yield for shareholders.

Amundi cut its stake in shares of The Kroger Co. (NYSE:KR - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,881,463 shares of the company's stock after selling 63,657 shares during the quarter. Amundi owned 0.59% of Kroger worth $271,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KR. Steadfast Capital Management LP acquired a new position in shares of Kroger during the 4th quarter valued at $277,989,000. Junto Capital Management LP acquired a new position in Kroger during the fourth quarter worth $264,207,000. Wellington Management Group LLP raised its holdings in Kroger by 85.3% during the first quarter. Wellington Management Group LLP now owns 6,397,771 shares of the company's stock worth $433,065,000 after buying an additional 2,945,848 shares during the last quarter. Nuveen LLC acquired a new position in Kroger during the first quarter worth $178,385,000. Finally, GAMMA Investing LLC grew its stake in shares of Kroger by 7,363.9% in the 1st quarter. GAMMA Investing LLC now owns 1,706,397 shares of the company's stock worth $115,506,000 after acquiring an additional 1,683,535 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on KR shares. Morgan Stanley set a $76.00 target price on shares of Kroger and gave the stock an "equal weight" rating in a research note on Monday, June 23rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $82.00 target price (up previously from $73.00) on shares of Kroger in a research note on Friday, June 20th. Melius Research upgraded shares of Kroger from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 20th. Guggenheim lifted their target price on shares of Kroger from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, UBS Group restated a "neutral" rating and issued a $74.00 price objective (up from $66.00) on shares of Kroger in a research report on Monday, June 23rd. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kroger presently has an average rating of "Hold" and an average target price of $70.58.

Kroger Trading Down 0.1%

NYSE:KR traded down $0.10 during midday trading on Friday, reaching $67.74. 5,575,044 shares of the stock traded hands, compared to its average volume of 6,407,211. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.53 and a current ratio of 0.95. The company has a fifty day moving average of $70.67 and a 200 day moving average of $68.79. The stock has a market capitalization of $44.77 billion, a P/E ratio of 18.46, a PEG ratio of 2.16 and a beta of 0.59. The Kroger Co. has a 12 month low of $50.69 and a 12 month high of $74.90.

Kroger (NYSE:KR - Get Free Report) last issued its quarterly earnings data on Friday, June 20th. The company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.04. The business had revenue of $45.12 billion for the quarter, compared to the consensus estimate of $45.35 billion. Kroger had a net margin of 1.89% and a return on equity of 34.71%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 EPS. Kroger has set its FY 2025 guidance at 4.600-4.800 EPS. On average, research analysts predict that The Kroger Co. will post 4.44 EPS for the current year.

Kroger Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 1st. Stockholders of record on Friday, August 15th were paid a $0.35 dividend. This is a boost from Kroger's previous quarterly dividend of $0.32. The ex-dividend date was Friday, August 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. Kroger's dividend payout ratio (DPR) is currently 38.15%.

Insider Transactions at Kroger

In other Kroger news, EVP Mary Ellen Adcock sold 34,250 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $71.16, for a total transaction of $2,437,230.00. Following the sale, the executive vice president owned 184,473 shares in the company, valued at approximately $13,127,098.68. This trade represents a 15.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yael Cosset sold 71,224 shares of Kroger stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $73.49, for a total transaction of $5,234,251.76. Following the sale, the executive vice president owned 139,124 shares in the company, valued at approximately $10,224,222.76. The trade was a 33.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 198,948 shares of company stock worth $14,422,926. 0.44% of the stock is currently owned by corporate insiders.

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.