BridgePort Financial Solutions LLC Invests $415,000 in The Kroger Co. $KR

Key Points

• BridgePort Financial Solutions LLC invested $415,000 in The Kroger Co. by acquiring 5,784 shares during the second quarter, according to its SEC filing.
• Kroger recently announced a quarterly dividend of $0.35 per share, with an annualized yield of 2.1%, to be paid on December 1st.
• Despite a 0.1% decline in stock price to $66.30, Kroger's latest earnings report exceeded expectations with an EPS of $1.04, surpassing the consensus estimate of $1.00.

BridgePort Financial Solutions LLC bought a new position in shares of The Kroger Co. (NYSE:KR - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,784 shares of the company's stock, valued at approximately $415,000.

Several other hedge funds have also added to or reduced their stakes in KR. SOA Wealth Advisors LLC. boosted its holdings 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 worth $25,000 after buying an additional 342 shares during the period. Accent Capital Management LLC acquired a new stake in Kroger during the first quarter worth approximately $25,000. Garde Capital Inc. bought a new stake in shares of Kroger during the first quarter worth approximately $31,000. Capital Analysts LLC bought a new stake in shares of Kroger during the first quarter worth approximately $36,000. Finally, Sound Income Strategies LLC grew its position in shares of Kroger by 46.7% in the first quarter. Sound Income Strategies LLC now owns 550 shares of the company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Kroger Stock Down 0.1%

NYSE KR opened at $66.30 on Friday. The business has a fifty day moving average price of $68.75 and a two-hundred day moving average price of $69.00. The stock has a market capitalization of $43.93 billion, a PE ratio of 16.83, a PEG ratio of 1.93 and a beta of 0.57. The Kroger Co. has a fifty-two week low of $54.88 and a fifty-two week 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.

Kroger (NYSE:KR - Get Free Report) last posted its quarterly earnings results 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 return on equity of 32.62% and a net margin of 1.86%.The company had revenue of $33.94 billion during the quarter, compared to analysts' expectations of $34.08 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Kroger's revenue was up .1% on a year-over-year basis. Kroger has set its FY 2025 guidance at 4.700-4.800 EPS. Equities analysts expect that The Kroger Co. will post 4.44 earnings per share for the current fiscal year.

Kroger Announces Dividend

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

Insider Transactions at Kroger

In other Kroger news, Director Clyde R. Moore sold 26,814 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 99,143 shares in the company, valued at $6,989,581.50. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.44% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Kroger from $57.00 to $67.00 and gave the company a "hold" rating in a research note on Monday, June 23rd. UBS Group reissued a "neutral" rating and set a $74.00 target price (up previously from $66.00) on shares of Kroger in a report on Monday, June 23rd. Guggenheim restated a "buy" rating and issued a $78.00 price target on shares of Kroger in a research note on Friday, September 12th. Wall Street Zen cut shares of Kroger from a "strong-buy" rating to a "buy" rating in a research note on Sunday, September 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $82.00 price objective on shares of Kroger in a report on Thursday, September 11th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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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